Prudential Financial Inc. Sells 432 Shares of Hyatt Hotels Co. (NYSE:H)

Prudential Financial Inc. decreased its position in shares of Hyatt Hotels Co. (NYSE:H) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,111 shares of the company’s stock after selling 432 shares during the period. Prudential Financial Inc.’s holdings in Hyatt Hotels were worth $488,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in Hyatt Hotels by 583.3% during the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock valued at $32,000 after acquiring an additional 175 shares during the period. UMB Bank n.a. increased its position in shares of Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after purchasing an additional 104 shares during the period. iA Global Asset Management Inc. acquired a new position in shares of Hyatt Hotels in the third quarter valued at $51,000. Venturi Wealth Management LLC boosted its stake in Hyatt Hotels by 750.0% during the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after buying an additional 300 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in Hyatt Hotels by 31.9% in the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after buying an additional 113 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Robert W. Baird dropped their target price on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Susquehanna upped their target price on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Jefferies Financial Group cut their price target on shares of Hyatt Hotels from $161.00 to $120.00 and set a “hold” rating for the company in a report on Wednesday. Evercore ISI raised shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective for the company in a report on Wednesday, March 5th. Finally, Mizuho decreased their price target on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $158.86.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 10,000 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the transaction, the insider now owns 9,337 shares of the company’s stock, valued at approximately $1,090,561.60. This represents a 51.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the transaction, the director now directly owns 37,927 shares of the company’s stock, valued at $5,377,290.06. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,600 shares of company stock valued at $1,517,798. Company insiders own 23.50% of the company’s stock.

Hyatt Hotels Price Performance

H stock opened at $119.23 on Thursday. The business has a 50-day simple moving average of $133.99 and a two-hundred day simple moving average of $147.88. Hyatt Hotels Co. has a 52-week low of $102.43 and a 52-week high of $168.20. The company has a market capitalization of $11.46 billion, a P/E ratio of 9.58 and a beta of 1.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter last year, the business posted $0.64 EPS. Research analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a $0.15 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.50%. Hyatt Hotels’s payout ratio is 4.82%.

Hyatt Hotels Profile

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.