Oppenheimer & Co. Inc. reduced its holdings in Hyatt Hotels Co. (NYSE:H – Free Report) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,873 shares of the company’s stock after selling 121 shares during the period. Oppenheimer & Co. Inc.’s holdings in Hyatt Hotels were worth $880,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of H. Bank of New York Mellon Corp increased its stake in Hyatt Hotels by 59.4% in the first quarter. Bank of New York Mellon Corp now owns 256,384 shares of the company’s stock valued at $24,472,000 after purchasing an additional 95,574 shares in the last quarter. American Century Companies Inc. increased its stake in Hyatt Hotels by 31.4% in the first quarter. American Century Companies Inc. now owns 3,991 shares of the company’s stock valued at $381,000 after purchasing an additional 953 shares in the last quarter. Citigroup Inc. increased its stake in Hyatt Hotels by 13.2% in the first quarter. Citigroup Inc. now owns 18,865 shares of the company’s stock valued at $1,801,000 after purchasing an additional 2,194 shares in the last quarter. Natixis Advisors L.P. bought a new stake in Hyatt Hotels in the first quarter valued at approximately $1,214,000. Finally, MetLife Investment Management LLC bought a new stake in Hyatt Hotels in the first quarter valued at approximately $94,000. 46.57% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have commented on H shares. Sanford C. Bernstein upped their target price on shares of Hyatt Hotels from $136.00 to $147.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. StockNews.com started coverage on shares of Hyatt Hotels in a research report on Thursday, August 17th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hyatt Hotels from $113.00 to $121.00 in a report on Friday, May 5th. Citigroup restated a “neutral” rating and set a $122.00 price objective on shares of Hyatt Hotels in a report on Friday, June 30th. Finally, Wells Fargo & Company raised their price objective on shares of Hyatt Hotels from $113.00 to $127.00 and gave the stock an “equal weight” rating in a report on Friday, July 21st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.60.
Hyatt Hotels Stock Down 0.4 %
Shares of H stock opened at $110.71 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.83. Hyatt Hotels Co. has a 1 year low of $77.70 and a 1 year high of $127.80. The firm’s fifty day moving average price is $115.84 and its two-hundred day moving average price is $113.99. The firm has a market capitalization of $11.61 billion, a P/E ratio of 27.00, a PEG ratio of 20.37 and a beta of 1.37.
Hyatt Hotels (NYSE:H – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.01). Hyatt Hotels had a net margin of 6.88% and a return on equity of 13.30%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, equities analysts predict that Hyatt Hotels Co. will post 2.52 EPS for the current fiscal year.
Hyatt Hotels Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, August 24th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 14.63%.
Insider Activity
In other news, Director Michael A. Rocca sold 1,508 shares of Hyatt Hotels stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $113.87, for a total value of $171,715.96. Following the completion of the transaction, the director now owns 18,285 shares of the company’s stock, valued at approximately $2,082,112.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 21.24% 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/SW Asia 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, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.
Featured Stories
- Five stocks we like better than Hyatt Hotels
- Insider Trades May Not Tell You What You Think
- 2 Stocks to Get You Ready for the Holiday Season
- Are Penny Stocks a Good Fit for Your Portfolio?
- Profit Potential: 5 Undervalued Stocks With High Dividend Yields
- How to Invest in Energy
- MarketBeat Week in Review – 8/21 – 8/25
Want to see what other hedge funds are holding H? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyatt Hotels Co. (NYSE:H – Free Report).
Receive News & Ratings for Hyatt Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels and related companies with MarketBeat.com's FREE daily email newsletter.
