Bank of New York Mellon Corp Cuts Position in Hyatt Hotels Co. (NYSE:H)

Bank of New York Mellon Corp cut its stake in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 375,228 shares of the company's stock after selling 34,717 shares during the quarter. Bank of New York Mellon Corp owned 0.39% of Hyatt Hotels worth $58,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Hyatt Hotels by 1.0% during the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company's stock worth $114,214,000 after buying an additional 7,440 shares in the last quarter. TT International Asset Management LTD bought a new stake in Hyatt Hotels during the 4th quarter worth $5,283,000. Assetmark Inc. increased its holdings in Hyatt Hotels by 162.2% in the 3rd quarter. Assetmark Inc. now owns 49,041 shares of the company's stock worth $7,464,000 after purchasing an additional 30,339 shares in the last quarter. Bamco Inc. NY raised its position in Hyatt Hotels by 1.3% in the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company's stock valued at $834,574,000 after purchasing an additional 68,608 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its stake in shares of Hyatt Hotels by 17,641.6% during the third quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company's stock valued at $20,009,000 after purchasing an additional 130,724 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Susan D. Kronick sold 1,600 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the sale, the director now owns 37,927 shares in the company, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 23.50% of the company's stock.

Hyatt Hotels Stock Up 2.0 %

Shares of H stock traded up $2.80 on Wednesday, reaching $140.05. 583,533 shares of the company were exchanged, compared to its average volume of 697,329. Hyatt Hotels Co. has a one year low of $128.91 and a one year high of $168.20. The company has a market cap of $13.47 billion, a price-to-earnings ratio of 11.26 and a beta of 1.51. The company has a 50-day moving average of $152.75 and a 200-day moving average of $152.87. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the business posted $0.64 EPS. Analysts anticipate that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Hyatt Hotels's dividend payout ratio (DPR) is 4.82%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on H. Wells Fargo & Company dropped their price objective on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Evercore ISI raised shares of Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 price target for the company in a research note on Wednesday. Stifel Nicolaus boosted their price objective on shares of Hyatt Hotels from $145.50 to $157.50 and gave the stock a "hold" rating in a research note on Tuesday, November 26th. StockNews.com lowered Hyatt Hotels from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Finally, Jefferies Financial Group upped their price target on Hyatt Hotels from $150.00 to $176.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $163.13.

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.