20,194 Shares in Hyatt Hotels Corporation $H Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC bought a new stake in Hyatt Hotels Corporation (NYSE:H) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 20,194 shares of the company’s stock, valued at approximately $2,227,000.

Several other hedge funds also recently modified their holdings of the company. Johnson Financial Group Inc. increased its stake in Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Hyatt Hotels in the 4th quarter valued at about $26,000. DV Equities LLC acquired a new position in shares of Hyatt Hotels during the 4th quarter valued at about $32,000. Ares Financial Consulting LLC purchased a new position in shares of Hyatt Hotels during the 4th quarter worth about $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Hyatt Hotels in the third quarter worth approximately $34,000. 73.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

H has been the subject of a number of recent analyst reports. HSBC upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a report on Thursday, June 4th. JPMorgan Chase & Co. lowered their price objective on shares of Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Wednesday, June 24th. Stifel Nicolaus set a $182.00 price target on Hyatt Hotels in a research report on Friday, May 29th. Finally, Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $196.64.

Hyatt Hotels Price Performance

H stock opened at $179.28 on Friday. The stock’s 50 day moving average is $187.80 and its two-hundred day moving average is $172.07. Hyatt Hotels Corporation has a 52-week low of $134.18 and a 52-week high of $206.86. The company has a market capitalization of $16.90 billion, a PE ratio of 218.64 and a beta of 1.33. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the business posted $0.68 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Analysts predict that Hyatt Hotels Corporation will post 3.55 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 73.17%.

Insider Transactions at Hyatt Hotels

In other news, insider Peter Sears sold 10,217 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $185.66, for a total value of $1,896,888.22. Following the completion of the sale, the insider owned 6,374 shares of the company’s stock, valued at approximately $1,183,396.84. The trade was a 61.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan D. Kronick sold 1,700 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the transaction, the director directly owned 29,525 shares in the company, valued at $5,310,957. The trade was a 5.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 14,004 shares of company stock valued at $2,595,040. Insiders own 23.60% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.