Hyatt Hotels Corporation (NYSE:H) Major Shareholder Hotels Corp Hyatt Purchases 996,587 Shares

Hyatt Hotels Corporation (NYSE:H - Get Free Report) major shareholder Hotels Corp Hyatt bought 996,587 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were acquired at an average price of $13.50 per share, for a total transaction of $13,453,924.50. Following the completion of the transaction, the insider now directly owns 117,077,441 shares in the company, valued at approximately $1,580,545,453.50. This represents a 0.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Hotels Corp Hyatt also recently made the following trade(s):

• On Thursday, June 12th, Hotels Corp Hyatt bought 6 shares of Hyatt Hotels stock. The stock was bought at an average price of $13.50 per share, with a total value of $81.00.

Hyatt Hotels Stock Performance

H traded down $1.29 on Thursday, reaching $132.67. 879,976 shares of the stock were exchanged, compared to its average volume of 723,073. The company's 50-day moving average price is $124.31 and its 200 day moving average price is $137.80. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $12.66 billion, a PE ratio of 17.23, a PEG ratio of 4.41 and a beta of 1.42. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.16. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. As a group, sell-side analysts forecast that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Thursday, May 29th. Hyatt Hotels's dividend payout ratio (DPR) is currently 7.79%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on H. Susquehanna raised their price target on Hyatt Hotels from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their price target on shares of Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Melius Research upgraded shares of Hyatt Hotels to a "strong-buy" rating in a report on Monday, April 21st. Robert W. Baird raised their price objective on shares of Hyatt Hotels from $142.00 to $146.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. Finally, Barclays boosted their target price on Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $149.72.

Institutional Trading of Hyatt Hotels

A number of hedge funds and other institutional investors have recently made changes to their positions in H. Long Pond Capital LP acquired a new stake in shares of Hyatt Hotels during the 1st quarter worth approximately $191,922,000. Raymond James Financial Inc. acquired a new position in shares of Hyatt Hotels in the fourth quarter worth about $77,136,000. Invesco Ltd. boosted its stake in shares of Hyatt Hotels by 241.4% during the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company's stock worth $106,677,000 after acquiring an additional 480,523 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Hyatt Hotels by 16.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock valued at $384,132,000 after acquiring an additional 441,417 shares during the period. Finally, Norges Bank purchased a new position in shares of Hyatt Hotels in the 4th quarter valued at about $61,572,000. Institutional investors and hedge funds own 73.54% of the company's stock.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.