Hedeker Wealth LLC Takes Position in Hyatt Hotels Co. (NYSE:H)

Hedeker Wealth LLC acquired a new position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,223 shares of the company's stock, valued at approximately $1,556,000.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Hyatt Hotels by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company's stock valued at $401,827,000 after buying an additional 162,562 shares during the period. Fiera Capital Corp lifted its stake in Hyatt Hotels by 1.2% in the second quarter. Fiera Capital Corp now owns 574,045 shares of the company's stock worth $87,209,000 after acquiring an additional 6,896 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Hyatt Hotels by 10.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company's stock worth $73,822,000 after acquiring an additional 46,574 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Hyatt Hotels by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company's stock valued at $71,371,000 after purchasing an additional 20,997 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Hyatt Hotels by 9.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 354,900 shares of the company's stock valued at $54,016,000 after purchasing an additional 29,300 shares in the last quarter. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the firm's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total value of $6,550,602.66. Following the transaction, the insider now owns 623,556 shares of the company's stock, valued at approximately $92,373,585.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 23.50% of the company's stock.

Hyatt Hotels Trading Down 0.0 %

H traded down $0.03 during trading on Tuesday, hitting $156.55. The company's stock had a trading volume of 544,720 shares, compared to its average volume of 582,813. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $162.24. The stock has a market cap of $15.71 billion, a PE ratio of 16.80 and a beta of 1.50. The firm's 50 day moving average price is $150.49 and its 200-day moving average price is $148.91. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the firm posted $0.82 EPS. On average, analysts expect that Hyatt Hotels Co. will post 3.87 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Tuesday, August 27th. Hyatt Hotels's dividend payout ratio is currently 6.47%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on H. Deutsche Bank Aktiengesellschaft cut their target price on Hyatt Hotels from $127.00 to $120.00 and set a "hold" rating on the stock in a research report on Wednesday, August 7th. StockNews.com downgraded shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research report on Monday, August 12th. Mizuho dropped their target price on shares of Hyatt Hotels from $204.00 to $200.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Hyatt Hotels from $171.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, July 19th. Finally, The Goldman Sachs Group began coverage on Hyatt Hotels in a report on Wednesday, September 18th. They set a "neutral" rating and a $151.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of "Hold" and a consensus target price of $152.25.

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.