BlackRock Inc. Purchases New Position in Hyatt Hotels Corporation $H

BlackRock Inc. purchased a new position in Hyatt Hotels Corporation (NYSE:H) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,266,537 shares of the company’s stock, valued at approximately $249,931,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in H. Johnson Financial Group Inc. boosted its stake in Hyatt Hotels by 450.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after purchasing an additional 144 shares during the period. Los Angeles Capital Management LLC purchased a new position in Hyatt Hotels in the fourth quarter worth $26,000. DV Equities LLC bought a new position in Hyatt Hotels in the fourth quarter valued at $32,000. Ares Financial Consulting LLC bought a new stake in Hyatt Hotels during the fourth quarter worth about $34,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Hyatt Hotels during the third quarter worth about $34,000. 73.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider David Udell sold 2,087 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total value of $392,356.00. Following the sale, the insider directly owned 16,638 shares of the company’s stock, valued at $3,127,944. This represents a 11.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 completion of the transaction, the director owned 29,525 shares of the company’s stock, valued at approximately $5,310,957. The trade was a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 14,004 shares of company stock worth $2,595,040. 23.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on H shares. Wells Fargo & Company increased their price objective on Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Morgan Stanley dropped their target price on Hyatt Hotels from $218.00 to $209.00 and set an “overweight” rating for the company in a research report on Tuesday, August 18th. Truist Financial increased their price target on shares of Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Susquehanna boosted their price objective on shares of Hyatt Hotels from $180.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Moderate Buy” and an average price target of $196.64.

Hyatt Hotels Price Performance

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

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share 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 business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm posted $0.68 EPS. The business’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that Hyatt Hotels Corporation will post 3.54 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a $0.15 dividend. 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 is presently 73.17%.

Hyatt Hotels 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.