Charles Schwab Investment Management Inc. Sells 25,954 Shares of Hyatt Hotels Co. (NYSE:H)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 483,803 shares of the company's stock after selling 25,954 shares during the period. Charles Schwab Investment Management Inc. owned 0.50% of Hyatt Hotels worth $75,947,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Bamco Inc. NY grew its position in shares of Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company's stock valued at $834,574,000 after buying an additional 68,608 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Hyatt Hotels by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company's stock valued at $422,960,000 after purchasing an additional 46,413 shares during the period. Wellington Management Group LLP raised its stake in shares of Hyatt Hotels by 3.3% during the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company's stock valued at $267,192,000 after purchasing an additional 56,082 shares in the last quarter. State Street Corp grew its position in Hyatt Hotels by 0.4% in the 3rd quarter. State Street Corp now owns 1,441,148 shares of the company's stock valued at $219,343,000 after buying an additional 6,007 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Hyatt Hotels by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company's stock valued at $114,214,000 after buying an additional 7,440 shares during the period. Institutional investors own 73.54% of the company's stock.

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Insider Activity

In related news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 $5,377,290.06. This trade represents a 4.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 23.50% of the company's stock.

Hyatt Hotels Stock Performance

NYSE:H traded down $3.88 during trading hours on Thursday, hitting $120.90. 2,066,591 shares of the company traded hands, compared to its average volume of 790,554. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 9.72 and a beta of 1.51. Hyatt Hotels Co. has a twelve month low of $119.30 and a twelve month high of $168.20. The firm has a 50-day moving average of $149.68 and a 200 day moving average of $152.27. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the company earned $0.64 earnings per share. On average, analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Friday, February 28th. Hyatt Hotels's dividend payout ratio is 4.82%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on H shares. JPMorgan Chase & Co. upped their target price on Hyatt Hotels from $163.00 to $168.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Macquarie lowered their price objective on shares of Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday, February 14th. Mizuho dropped their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating on the stock in a report on Friday, February 14th. The Goldman Sachs Group dropped their target price on shares of Hyatt Hotels from $170.00 to $150.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Finally, Morgan Stanley dropped their target price on shares of Hyatt Hotels from $157.00 to $144.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $162.24.

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.