PNC Financial Services Group Inc. Sells 347 Shares of Hyatt Hotels Co. (NYSE:H)

PNC Financial Services Group Inc. reduced its position in Hyatt Hotels Co. (NYSE:H) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,484 shares of the company’s stock after selling 347 shares during the period. PNC Financial Services Group Inc.’s holdings in Hyatt Hotels were worth $324,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Hyatt Hotels by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock valued at $550,509,000 after buying an additional 144,356 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Hyatt Hotels by 6.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,405,283 shares of the company’s stock worth $313,673,000 after acquiring an additional 148,804 shares during the last quarter. Morgan Stanley grew its stake in shares of Hyatt Hotels by 1.1% in the 3rd quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock worth $232,836,000 after acquiring an additional 24,121 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Hyatt Hotels by 28.5% in the fourth quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock valued at $254,061,000 after purchasing an additional 432,594 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in shares of Hyatt Hotels by 0.6% during the fourth quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock valued at $218,105,000 after purchasing an additional 9,919 shares in the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael A. Rocca sold 1,189 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Joan Bottarini sold 305 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was 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 of the company’s stock, valued at approximately $2,338,252. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The disclosure for this sale can be found here. Insiders sold a total of 12,189 shares of company stock worth $1,815,619 over the last ninety days. 23.50% of the stock is owned by corporate insiders.

Hyatt Hotels Stock Up 2.0 %

H stock opened at $151.92 on Friday. The stock has a 50-day simple moving average of $148.91 and a two-hundred day simple moving average of $143.97. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $161.50. The firm has a market capitalization of $15.37 billion, a PE ratio of 23.59 and a beta of 1.49. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

Hyatt Hotels (NYSE:H) last posted its 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 return on equity of 8.44% and a net margin of 10.21%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the company posted $0.41 EPS. On average, equities analysts predict that Hyatt Hotels Co. will post 3.48 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Wednesday, May 29th. Hyatt Hotels’s dividend payout ratio is 9.32%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Susquehanna started coverage on shares of Hyatt Hotels in a research note on Friday, June 21st. They issued a “neutral” rating and a $160.00 price objective for the company. Robert W. Baird lifted their price target on Hyatt Hotels from $160.00 to $162.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Morgan Stanley downgraded Hyatt Hotels from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $149.00 to $156.00 in a research note on Monday, March 11th. Mizuho lifted their target price on Hyatt Hotels from $195.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Finally, Sanford C. Bernstein increased their price target on shares of Hyatt Hotels from $184.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $149.00.

Hyatt Hotels Company 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.