291,004 Shares in Hyatt Hotels Corporation $H Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in Hyatt Hotels Corporation (NYSE:H) in the second quarter, HoldingsChannel.com reports. The fund bought 291,004 shares of the company’s stock, valued at approximately $56,408,000.

Several other institutional investors also recently made changes to their positions in the stock. Johnson Financial Group Inc. boosted its position in Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Hyatt Hotels in the fourth quarter worth $26,000. DV Equities LLC bought a new stake in Hyatt Hotels in the fourth quarter valued at $32,000. Ares Financial Consulting LLC bought a new stake in Hyatt Hotels in the fourth quarter valued at $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Hyatt Hotels during the third quarter valued at $34,000. 73.54% of the stock is owned by institutional investors.

Hyatt Hotels Stock Performance

Shares of H opened at $177.34 on Thursday. The company has a market capitalization of $16.71 billion, a PE ratio of 216.27 and a beta of 1.33. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. The company’s 50 day moving average price is $186.14 and its 200 day moving average price is $172.65. Hyatt Hotels Corporation has a 52 week low of $134.18 and a 52 week high of $206.86.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Research analysts expect that Hyatt Hotels Corporation will post 3.54 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 73.17%.

Wall Street Analysts Forecast Growth

H has been the subject of a number of analyst reports. Robert W. Baird reduced their target price on shares of Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. JPMorgan Chase & Co. cut their price objective on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Barclays cut their target price on Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Finally, Wells Fargo & Company upped their target price on Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $196.64.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,700 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $179.88, for a total value of $305,796.00. Following the transaction, the director owned 29,525 shares in the company, valued at $5,310,957. The trade was a 5.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Udell sold 2,087 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total value of $392,356.00. Following the completion of the transaction, the insider directly owned 16,638 shares in the company, valued at approximately $3,127,944. The trade was a 11.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 14,004 shares of company stock valued at $2,595,040. Insiders own 23.60% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.