Hyatt Hotels Corporation $H Shares Sold by UMB Bank n.a.

UMB Bank n.a. lowered its stake in Hyatt Hotels Corporation (NYSE:H) by 19.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 404 shares of the company’s stock after selling 95 shares during the quarter. UMB Bank n.a.’s holdings in Hyatt Hotels were worth $56,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Hyatt Hotels by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,920,488 shares of the company’s stock valued at $480,260,000 after buying an additional 21,190 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Hyatt Hotels by 16.4% in the first quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company’s stock valued at $384,132,000 after buying an additional 441,417 shares in the last quarter. Bank of Nova Scotia grew its stake in shares of Hyatt Hotels by 9.3% in the first quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company’s stock valued at $229,987,000 after buying an additional 160,461 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Hyatt Hotels by 6.9% in the first quarter. Wellington Management Group LLP now owns 1,800,639 shares of the company’s stock valued at $220,578,000 after purchasing an additional 116,813 shares during the last quarter. Finally, Long Pond Capital LP purchased a new position in Hyatt Hotels in the first quarter valued at about $191,922,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Trading Up 1.8%

NYSE:H opened at $142.52 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45. The business’s 50 day moving average is $142.31 and its two-hundred day moving average is $132.72. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20. The company has a market cap of $13.61 billion, a PE ratio of 33.85, a P/E/G ratio of 2.20 and a beta of 1.43.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the business posted $1.53 EPS. On average, analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Hyatt Hotels’s dividend payout ratio is presently 14.25%.

Wall Street Analyst Weigh In

H has been the subject of a number of analyst reports. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and increased their price target for the company from $138.00 to $167.00 in a report on Tuesday, September 9th. Robert W. Baird increased their price target on Hyatt Hotels from $148.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Truist Financial increased their price target on Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Wall Street Zen downgraded Hyatt Hotels from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Finally, Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a “hold” rating to a “buy” rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and an average price target of $152.68.

Insider Buying and Selling at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the sale, the insider directly owned 16,756 shares in the company, valued at approximately $2,429,620. This represents a 19.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.70% of the company’s stock.

About Hyatt Hotels

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.