2,918 Shares in Hyatt Hotels Corporation $H Acquired by Evolve Private Wealth LLC

Evolve Private Wealth LLC acquired a new stake in Hyatt Hotels Corporation (NYSE:H) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,918 shares of the company’s stock, valued at approximately $322,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in Hyatt Hotels by 48.0% in the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after purchasing an additional 1,516,554 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Hyatt Hotels during the 2nd quarter worth $249,931,000. Veritas Asset Management LLP boosted its position in shares of Hyatt Hotels by 827.9% in the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after buying an additional 1,695,616 shares in the last quarter. Bank of Nova Scotia grew its stake in Hyatt Hotels by 2.8% in the 4th quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock valued at $257,352,000 after acquiring an additional 43,733 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Hyatt Hotels by 15.8% during the 3rd quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after acquiring an additional 193,530 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Peter Sears sold 10,217 shares of the 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 transaction, the insider owned 6,374 shares in the company, valued at $1,183,396.84. This represents a 61.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David Udell sold 2,087 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total transaction of $392,356.00. Following the transaction, the insider directly owned 16,638 shares in the company, valued at approximately $3,127,944. The trade was a 11.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 14,004 shares of company stock valued at $2,595,040. Company insiders own 23.60% of the company’s stock.

Hyatt Hotels Price Performance

H opened at $177.34 on Thursday. The company has a 50-day moving average of $186.14 and a 200-day moving average of $172.65. The company has a market capitalization of $16.71 billion, a P/E ratio of 216.27 and a beta of 1.33. Hyatt Hotels Corporation has a 1-year low of $134.18 and a 1-year high of $206.86. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.21. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. Equities analysts expect that Hyatt Hotels Corporation will post 3.54 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on H shares. Morgan Stanley dropped their price target on shares of Hyatt Hotels from $218.00 to $209.00 and set an “overweight” rating for the company in a research report on Tuesday, August 18th. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Robert W. Baird dropped their price objective on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Barclays cut their target price on Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Finally, Stifel Nicolaus set a $182.00 target price on Hyatt Hotels in a report on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and an average price target of $196.64.

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.