Korea Investment CORP Sells 5,032 Shares of Hyatt Hotels Co. (NYSE:H)

Korea Investment CORP reduced its holdings in Hyatt Hotels Co. (NYSE:H - Free Report) by 42.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,782 shares of the company's stock after selling 5,032 shares during the quarter. Korea Investment CORP's holdings in Hyatt Hotels were worth $1,065,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of H. Versant Capital Management Inc lifted its holdings in Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company's stock worth $32,000 after buying an additional 175 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company's stock valued at $33,000 after acquiring an additional 104 shares during the period. iA Global Asset Management Inc. bought a new position in Hyatt Hotels in the third quarter valued at about $51,000. Venturi Wealth Management LLC increased its position in Hyatt Hotels by 750.0% in the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock worth $53,000 after purchasing an additional 300 shares during the period. Finally, Fifth Third Bancorp raised its holdings in Hyatt Hotels by 31.9% during the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company's stock worth $73,000 after purchasing an additional 113 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

H has been the subject of several analyst reports. The Goldman Sachs Group lowered their price target on shares of Hyatt Hotels from $170.00 to $150.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Evercore ISI upgraded shares of Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 target price for the company in a research report on Wednesday, March 5th. Barclays decreased their price objective on Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Wells Fargo & Company cut their target price on Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Finally, Macquarie decreased their target price on Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $161.97.

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Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 10,000 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the completion of the transaction, the insider now owns 9,337 shares of the company's stock, valued at $1,090,561.60. The trade was a 51.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the sale, the insider now owns 811 shares in the company, valued at $99,712.45. The trade was a 55.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,600 shares of company stock valued at $1,517,798 in the last quarter. Company insiders own 23.50% of the company's stock.

Hyatt Hotels Stock Performance

H stock traded down $5.61 during midday trading on Friday, reaching $109.63. 1,116,841 shares of the company were exchanged, compared to its average volume of 617,136. The firm has a market capitalization of $10.54 billion, a price-to-earnings ratio of 8.81 and a beta of 1.35. The business has a 50-day moving average price of $138.73 and a two-hundred day moving average price of $149.31. Hyatt Hotels Co. has a one year low of $107.47 and a one year high of $168.20. 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 released its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the business posted $0.64 earnings per share. Equities research analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, February 28th. Hyatt Hotels's dividend payout ratio is 4.82%.

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.