Commonwealth Equity Services LLC Increases Position in Hyatt Hotels Co. (NYSE:H)

Commonwealth Equity Services LLC boosted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 11.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,310 shares of the company’s stock after buying an additional 235 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Hyatt Hotels were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Hyatt Hotels in the 4th quarter valued at about $72,086,000. Bain Capital Public Equity Management II LLC purchased a new position in shares of Hyatt Hotels during the 4th quarter worth $57,284,000. Artemis Investment Management LLP acquired a new stake in shares of Hyatt Hotels during the first quarter worth $48,302,000. Allspring Global Investments Holdings LLC increased its stake in Hyatt Hotels by 333.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock valued at $39,440,000 after purchasing an additional 199,773 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after buying an additional 162,562 shares during the period. 71.02% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Down 2.2 %

H opened at $151.49 on Tuesday. The stock’s fifty day moving average is $146.22 and its 200-day moving average is $149.62. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $162.24. The company has a market capitalization of $15.33 billion, a PE ratio of 23.52 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.58. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.76 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same quarter last year, the firm posted $0.82 EPS. On average, equities analysts predict that Hyatt Hotels Co. will post 3.97 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.40%. Hyatt Hotels’s payout ratio is presently 9.32%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the transaction, the insider now directly owns 623,556 shares in the company, valued at approximately $93,389,982.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 23.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on H. Sanford C. Bernstein reduced their price objective on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a report on Wednesday, September 18th. They set a “neutral” rating and a $151.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Barclays raised their target price on Hyatt Hotels from $146.00 to $151.00 and gave the company an “equal weight” rating in a report on Wednesday, September 4th. Finally, Susquehanna dropped their price objective on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $148.21.

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.