LPL Financial LLC Has $2.66 Million Stock Position in Hyatt Hotels Co. (NYSE:H)

LPL Financial LLC reduced its holdings in shares of Hyatt Hotels Co. (NYSE:H – Get Rating) by 7.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,351 shares of the company’s stock after selling 2,395 shares during the quarter. LPL Financial LLC’s holdings in Hyatt Hotels were worth $2,655,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in shares of Hyatt Hotels by 136.4% in the first quarter. Captrust Financial Advisors now owns 487 shares of the company’s stock valued at $46,000 after buying an additional 281 shares in the last quarter. Castleview Partners LLC acquired a new position in shares of Hyatt Hotels during the fourth quarter worth approximately $60,000. Signaturefd LLC raised its position in shares of Hyatt Hotels by 121.1% during the fourth quarter. Signaturefd LLC now owns 858 shares of the company’s stock worth $78,000 after purchasing an additional 470 shares during the period. MetLife Investment Management LLC bought a new stake in Hyatt Hotels during the first quarter worth $94,000. Finally, Rockefeller Capital Management L.P. grew its holdings in Hyatt Hotels by 389.7% during the third quarter. Rockefeller Capital Management L.P. now owns 1,239 shares of the company’s stock worth $100,000 after buying an additional 986 shares in the last quarter. 46.89% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider H. Charles Floyd sold 33,067 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $112.51, for a total value of $3,720,368.17. Following the completion of the sale, the insider now directly owns 31,242 shares in the company, valued at $3,515,037.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Mark R. Vondrasek sold 12,119 shares of the stock in a transaction on Monday, March 20th. The stock was sold at an average price of $109.08, for a total value of $1,321,940.52. Following the sale, the insider now directly owns 10,817 shares in the company, valued at $1,179,918.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider H. Charles Floyd sold 33,067 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $112.51, for a total value of $3,720,368.17. Following the completion of the transaction, the insider now directly owns 31,242 shares in the company, valued at approximately $3,515,037.42. The disclosure for this sale can be found here. In the last three months, insiders sold 81,567 shares of company stock worth $9,207,060. Corporate insiders own 21.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on H shares. Truist Financial increased their price target on Hyatt Hotels from $132.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 21st. Robert W. Baird raised their price target on Hyatt Hotels from $112.00 to $124.00 in a research report on Tuesday, March 7th. StockNews.com started coverage on Hyatt Hotels in a research report on Thursday. They issued a “hold” rating on the stock. TheStreet upgraded Hyatt Hotels from a “c” rating to a “b” rating in a research report on Monday, March 20th. Finally, Barclays cut Hyatt Hotels from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $130.00 to $125.00 in a research note on Thursday, March 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.88.

Hyatt Hotels Trading Down 1.4 %

H opened at $113.58 on Friday. The stock’s fifty day moving average is $111.91 and its two-hundred day moving average is $105.91. The company has a market capitalization of $12.01 billion, a P/E ratio of 21.35, a PEG ratio of 14.90 and a beta of 1.36. Hyatt Hotels Co. has a 52 week low of $70.12 and a 52 week high of $125.07. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.66.

Hyatt Hotels (NYSE:H – Get Rating) last announced its earnings results on Thursday, May 4th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). Hyatt Hotels had a return on equity of 12.34% and a net margin of 9.31%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the firm earned ($0.33) earnings per share. Analysts forecast that Hyatt Hotels Co. will post 2.56 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Monday, June 12th. Investors of record on Tuesday, May 30th will be paid a $0.15 dividend. The ex-dividend date is Friday, May 26th. Hyatt Hotels’s dividend payout ratio is presently 11.28%.

About Hyatt Hotels

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Hyatt Hotels Corp. engages in the development and management of resort and hotel chains. It operates through the following segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group. The Owned and Leased Hotels segment offers hospitality services and hotels.