Vanguard Group Inc. Has $550.51 Million Stake in Hyatt Hotels Co. (NYSE:H)

Vanguard Group Inc. increased its position in Hyatt Hotels Co. (NYSE:H) by 3.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,221,373 shares of the company’s stock after acquiring an additional 144,356 shares during the period. Vanguard Group Inc.’s holdings in Hyatt Hotels were worth $550,509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its position in shares of Hyatt Hotels by 49.8% in the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after buying an additional 127 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Hyatt Hotels in the 4th quarter worth approximately $59,000. BI Asset Management Fondsmaeglerselskab A S boosted its position in Hyatt Hotels by 195.7% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,369 shares of the company’s stock worth $179,000 after purchasing an additional 906 shares during the period. Principal Securities Inc. acquired a new position in Hyatt Hotels during the fourth quarter valued at approximately $179,000. Finally, HMS Capital Management LLC bought a new position in shares of Hyatt Hotels in the fourth quarter valued at approximately $217,000. Institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $150.30 on Tuesday. The business has a 50 day simple moving average of $148.77 and a 200 day simple moving average of $143.42. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $161.50. The company has a market capitalization of $15.21 billion, a PE ratio of 23.34 and a beta of 1.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. During the same period in the previous year, the business posted $0.41 earnings per share. On average, sell-side analysts forecast that Hyatt Hotels Co. will post 3.38 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Wednesday, May 29th. Hyatt Hotels’s payout ratio is 9.32%.

Insider Activity

In other Hyatt Hotels news, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the transaction, the director now owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Joan Bottarini sold 305 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $148.00, for a total value of $45,140.00. Following the completion of the sale, the insider now owns 15,799 shares of the company’s stock, valued at $2,338,252. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the transaction, the director now directly owns 20,219 shares in the company, valued at approximately $3,023,144.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,189 shares of company stock worth $1,815,619. Insiders own 23.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on H shares. Barclays raised their target price on shares of Hyatt Hotels from $153.00 to $159.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. StockNews.com upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Robert W. Baird increased their target price on Hyatt Hotels from $160.00 to $162.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Stifel Nicolaus lifted their price target on Hyatt Hotels from $146.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company raised their price objective on shares of Hyatt Hotels from $138.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $149.00.

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.