Hyatt Hotels Co. (NYSE:H) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 4.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,683,826 shares of the company's stock after selling 71,709 shares during the quarter. Wellington Management Group LLP owned about 1.75% of Hyatt Hotels worth $264,327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in shares of Hyatt Hotels by 583.3% during the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company's stock worth $32,000 after buying an additional 175 shares during the period. UMB Bank n.a. raised its stake in Hyatt Hotels by 99.0% during the 4th 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 last quarter. iA Global Asset Management Inc. acquired a new stake in Hyatt Hotels during the 3rd quarter worth approximately $51,000. Venturi Wealth Management LLC grew its stake in shares of Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock valued at $53,000 after purchasing an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Hyatt Hotels by 31.9% in the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company's stock valued at $73,000 after purchasing an additional 113 shares during the period. Hedge funds and other institutional investors own 73.54% of the company's stock.

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Hyatt Hotels Price Performance

Shares of NYSE:H traded down $5.61 during midday trading on Friday, hitting $109.63. 1,116,841 shares of the stock were exchanged, compared to its average volume of 617,136. Hyatt Hotels Co. has a twelve month low of $107.47 and a twelve month high of $168.20. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average price of $138.73 and a 200-day moving average price of $149.31. The stock has a market cap of $10.54 billion, a P/E ratio of 8.81 and a beta of 1.35.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its 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 net margin of 19.50% and a return on equity of 9.81%. The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.63 billion. During the same quarter last year, the business posted $0.64 earnings per share. On average, research analysts forecast that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued 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 (DPR) is presently 4.82%.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, the director now owns 37,927 shares of the company's stock, 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 is available at the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the completion of the sale, the insider now directly owns 811 shares of the company's stock, 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. In the last 90 days, insiders have sold 12,600 shares of company stock worth $1,517,798. 23.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. 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 report on Friday, February 14th. StockNews.com lowered shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Robert W. Baird reduced their price objective on shares of Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price objective on Hyatt Hotels from $163.00 to $168.00 and gave the company an "overweight" rating in a report on Friday, December 13th. Finally, Mizuho cut their target price on Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating for the company in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Hyatt Hotels currently has an average rating of "Hold" and an average price target of $161.97.

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.