Wellington Management Group LLP Reduces Holdings in Hyatt Hotels Co. (NYSE:H)

Wellington Management Group LLP lessened its position in shares of Hyatt Hotels Co. (NYSE:H) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,546,984 shares of the company’s stock after selling 370,564 shares during the quarter. Wellington Management Group LLP owned about 2.48% of Hyatt Hotels worth $332,152,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Hyatt Hotels

In other 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 transaction of $45,140.00. Following the transaction, the insider now directly owns 15,799 shares in the company, valued at $2,338,252. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Joan Bottarini sold 305 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the sale, the insider now owns 15,799 shares in the company, valued at $2,338,252. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Traubert Foundation Pritzker sold 704,229 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $157.97, for a total value of $111,247,055.13. The disclosure for this sale can be found here. Over the last quarter, insiders sold 717,418 shares of company stock worth $113,220,454. 23.50% of the stock is owned by insiders.

Hyatt Hotels Stock Up 1.7 %

H stock opened at $149.95 on Tuesday. The company’s 50 day moving average is $149.41 and its two-hundred day moving average is $142.07. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $161.50. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a market cap of $15.17 billion, a P/E ratio of 23.28 and a beta of 1.49.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the firm earned $0.41 earnings per share. Research analysts expect that Hyatt Hotels Co. will post 3.34 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays boosted their target price on Hyatt Hotels from $153.00 to $159.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Morgan Stanley lowered Hyatt Hotels from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $149.00 to $156.00 in a research note on Monday, March 11th. Robert W. Baird lifted their target price on Hyatt Hotels from $160.00 to $162.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Truist Financial reduced their target price on shares of Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Finally, Sanford C. Bernstein boosted their price target on shares of Hyatt Hotels from $184.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $148.31.

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.