Hyatt Hotels Corporation $H Position Raised by Allworth Financial LP

Allworth Financial LP boosted its position in Hyatt Hotels Corporation (NYSE:H) by 350.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 410 shares of the company’s stock after purchasing an additional 319 shares during the period. Allworth Financial LP’s holdings in Hyatt Hotels were worth $57,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new stake in shares of Hyatt Hotels in the 1st quarter worth $31,000. MassMutual Private Wealth & Trust FSB grew its holdings in Hyatt Hotels by 86.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the period. Hantz Financial Services Inc. raised its position in Hyatt Hotels by 18,500.0% in the second quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock worth $52,000 after acquiring an additional 370 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Hyatt Hotels by 33.2% in the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock valued at $54,000 after acquiring an additional 96 shares during the last quarter. Finally, Harold Davidson & Associates Inc. bought a new position in shares of Hyatt Hotels during the 1st quarter valued at about $203,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on H shares. Stifel Nicolaus boosted their target price on shares of Hyatt Hotels from $155.00 to $158.00 and gave the stock a “hold” rating in a report on Monday, November 10th. Truist Financial lifted their price target on shares of Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Barclays increased their price objective on Hyatt Hotels from $156.00 to $161.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Citigroup upgraded Hyatt Hotels from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $138.00 to $167.00 in a report on Tuesday, September 9th. Finally, Wall Street Zen downgraded Hyatt Hotels from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.67.

Hyatt Hotels Stock Up 5.9%

Shares of Hyatt Hotels stock opened at $158.29 on Friday. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $168.20. The company has a market cap of $15.03 billion, a P/E ratio of 37.60, a P/E/G ratio of 2.54 and a beta of 1.43. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The stock has a 50-day moving average price of $145.89 and a 200 day moving average price of $141.53.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. Hyatt Hotels’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. As a group, analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is -64.52%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider David Udell sold 4,131 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $151.10, for a total transaction of $624,194.10. Following the transaction, the insider directly owned 16,756 shares in the company, valued at $2,531,831.60. The trade was a 19.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Peter Sears sold 12,394 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $155.51, for a total value of $1,927,390.94. Following the sale, the insider owned 5,594 shares of the company’s stock, valued at approximately $869,922.94. This represents a 68.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 23,586 shares of company stock worth $3,611,550. 23.70% of the stock is currently owned by corporate insiders.

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.