Envestnet Asset Management Inc. Sells 12,576 Shares of Hyatt Hotels Corporation (NYSE:H)

Envestnet Asset Management Inc. lowered its stake in Hyatt Hotels Corporation (NYSE:H) by 11.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,062 shares of the company’s stock after selling 12,576 shares during the period. Envestnet Asset Management Inc. owned 0.10% of Hyatt Hotels worth $12,258,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. State of Alaska Department of Revenue increased its stake in shares of Hyatt Hotels by 127.9% in the first quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company’s stock valued at $1,346,000 after buying an additional 6,170 shares during the period. TT International Asset Management LTD increased its position in Hyatt Hotels by 10.0% during the 1st quarter. TT International Asset Management LTD now owns 37,017 shares of the company’s stock valued at $4,535,000 after purchasing an additional 3,360 shares during the period. Janney Montgomery Scott LLC bought a new position in Hyatt Hotels during the 1st quarter worth approximately $488,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Hyatt Hotels by 0.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company’s stock valued at $447,376,000 after purchasing an additional 9,477 shares during the last quarter. Finally, U S Global Investors Inc. acquired a new stake in shares of Hyatt Hotels during the first quarter worth $490,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on H. Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a report on Monday, July 14th. Jefferies Financial Group decreased their price target on shares of Hyatt Hotels from $161.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Macquarie lowered their price objective on Hyatt Hotels from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Robert W. Baird boosted their target price on Hyatt Hotels from $146.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 1st. Finally, Raymond James Financial upgraded Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 price objective on the stock in a research note on Tuesday, July 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $150.63.

Insider Activity

In other news, major shareholder Hotels Corp Hyatt purchased 996,587 shares of the business’s stock in a transaction on Friday, June 13th. The stock was acquired at an average price of $13.50 per share, for a total transaction of $13,453,924.50. Following the acquisition, the insider directly owned 117,077,441 shares of the company’s stock, valued at $1,580,545,453.50. This represents a 0.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total value of $216,000.00. Following the sale, the director directly owned 37,825 shares in the company, valued at $5,106,375. This trade represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 371,111 shares of company stock valued at $49,273,516 in the last three months. 23.70% of the stock is currently owned by insiders.

Hyatt Hotels Trading Up 0.3%

Shares of NYSE H opened at $147.86 on Friday. The firm’s 50 day moving average price is $137.25 and its 200-day moving average price is $135.33. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.20. The company has a market cap of $14.11 billion, a PE ratio of 19.20, a P/E/G ratio of 4.89 and a beta of 1.42.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm posted $0.71 earnings per share. On average, equities research analysts expect that Hyatt Hotels Corporation 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, June 11th. Stockholders of record on Thursday, May 29th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. Hyatt Hotels’s payout ratio is 7.79%.

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.