Wells Fargo & Company MN Has $19.66 Million Stake in Hyatt Hotels Co. (NYSE:H)

Wells Fargo & Company MN decreased its stake in shares of Hyatt Hotels Co. (NYSE:HFree Report) by 7.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 150,755 shares of the company’s stock after selling 12,792 shares during the period. Wells Fargo & Company MN owned 0.15% of Hyatt Hotels worth $19,660,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in Hyatt Hotels by 49.8% in the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock valued at $50,000 after buying an additional 127 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Hyatt Hotels in the 4th quarter valued at approximately $59,000. Banque Cantonale Vaudoise acquired a new stake in Hyatt Hotels in the 3rd quarter valued at approximately $83,000. Principal Securities Inc. acquired a new stake in Hyatt Hotels in the 4th quarter valued at approximately $179,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Hyatt Hotels by 195.7% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,369 shares of the company’s stock worth $179,000 after acquiring an additional 906 shares during the period. Institutional investors and hedge funds own 71.02% of the company’s stock.

Hyatt Hotels Trading Up 0.8 %

H stock opened at $145.88 on Friday. The business has a fifty day moving average price of $152.04 and a 200 day moving average price of $139.24. Hyatt Hotels Co. has a fifty-two week low of $96.77 and a fifty-two week high of $161.50. The stock has a market capitalization of $14.76 billion, a price-to-earnings ratio of 22.65 and a beta of 1.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

Hyatt Hotels (NYSE:HGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the business earned $0.41 earnings per share. Analysts expect that Hyatt Hotels Co. will post 3.24 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 9.32%.

Insider Activity

In other news, insider Joan Bottarini sold 10,695 shares of Hyatt Hotels stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the sale, the insider now directly owns 16,104 shares of the company’s stock, valued at approximately $2,398,207.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Joan Bottarini sold 10,695 shares of Hyatt Hotels stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the sale, the insider now directly owns 16,104 shares of the company’s stock, valued at approximately $2,398,207.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Samuel Hoplamazian sold 75,457 shares of Hyatt Hotels stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total value of $11,957,670.79. Following the sale, the insider now directly owns 459,000 shares of the company’s stock, valued at $72,737,730. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,084,248 shares of company stock valued at $326,572,489. Company insiders own 23.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on H. Robert W. Baird raised their price objective on Hyatt Hotels from $160.00 to $162.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Wells Fargo & Company raised their price objective on Hyatt Hotels from $138.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. TD Cowen raised their price objective on Hyatt Hotels from $95.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Sanford C. Bernstein raised their price objective on Hyatt Hotels from $184.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. Finally, Mizuho raised their target price on Hyatt Hotels from $195.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Hyatt Hotels currently has an average rating of “Hold” and a consensus target price of $148.31.

View Our Latest Research Report on Hyatt Hotels

Hyatt Hotels Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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