Wells Fargo & Company MN lessened its stake in shares of Hyatt Hotels Co. (NYSE:H) by 84.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,505 shares of the company’s stock after selling 346,197 shares during the period. Wells Fargo & Company MN’s holdings in Hyatt Hotels were worth $4,767,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of H. BlackRock Inc. increased its stake in shares of Hyatt Hotels by 4.6% in the fourth quarter. BlackRock Inc. now owns 1,835,831 shares of the company’s stock worth $135,007,000 after purchasing an additional 80,084 shares in the last quarter. Millennium Management LLC increased its stake in shares of Hyatt Hotels by 13.9% in the fourth quarter. Millennium Management LLC now owns 1,181,477 shares of the company’s stock worth $86,886,000 after purchasing an additional 144,212 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Hyatt Hotels by 4.5% in the fourth quarter. Deutsche Bank AG now owns 937,072 shares of the company’s stock worth $68,911,000 after purchasing an additional 40,668 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Hyatt Hotels by 43.5% in the fourth quarter. Renaissance Technologies LLC now owns 826,500 shares of the company’s stock worth $60,781,000 after purchasing an additional 250,700 shares in the last quarter. Finally, Gruss Capital Management LP increased its stake in shares of Hyatt Hotels by 11.0% in the fourth quarter. Gruss Capital Management LP now owns 716,000 shares of the company’s stock worth $52,655,000 after purchasing an additional 71,000 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.
In other Hyatt Hotels news, insider David Udell sold 4,306 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $81.00, for a total transaction of $348,786.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Margaret C. Egan sold 4,300 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $83.04, for a total transaction of $357,072.00. Following the sale, the insider now owns 16 shares of the company’s stock, valued at $1,328.64. The disclosure for this sale can be found here. 18.40% of the stock is currently owned by insiders.
H has been the subject of several recent research reports. Citigroup lifted their target price on shares of Hyatt Hotels from $82.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. Jefferies Financial Group initiated coverage on shares of Hyatt Hotels in a research note on Thursday, May 31st. They issued a “hold” rating and a $85.00 target price for the company. Morgan Stanley lifted their target price on shares of Hyatt Hotels from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Friday, May 4th. ValuEngine upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Hyatt Hotels from $80.00 to $82.00 and gave the stock a “hold” rating in a research note on Tuesday, May 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. Hyatt Hotels presently has a consensus rating of “Buy” and an average target price of $82.57.
Shares of Hyatt Hotels opened at $77.15 on Monday, Marketbeat Ratings reports. The company has a market cap of $9.02 billion, a P/E ratio of 43.34, a PEG ratio of 5.47 and a beta of 1.32. Hyatt Hotels Co. has a 12 month low of $54.38 and a 12 month high of $84.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.09 and a quick ratio of 2.08.
Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Wednesday, May 2nd. The company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Hyatt Hotels had a net margin of 12.81% and a return on equity of 4.39%. During the same quarter in the previous year, the company earned $0.68 earnings per share. equities research analysts anticipate that Hyatt Hotels Co. will post 1.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 28th. Investors of record on Tuesday, June 19th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 18th. This represents a $0.60 annualized dividend and a yield of 0.78%. Hyatt Hotels’s dividend payout ratio is currently 33.71%.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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