Bank of America Corp DE Has $102.16 Million Stake in Hyatt Hotels Corporation $H

Bank of America Corp DE cut its stake in shares of Hyatt Hotels Corporation (NYSE:HFree Report) by 13.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 710,474 shares of the company’s stock after selling 107,734 shares during the quarter. Bank of America Corp DE’s holdings in Hyatt Hotels were worth $102,159,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in H. Los Angeles Capital Management LLC bought a new stake in Hyatt Hotels in the fourth quarter valued at approximately $26,000. Johnson Financial Group Inc. lifted its position in shares of Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after acquiring an additional 144 shares during the period. DV Equities LLC bought a new position in Hyatt Hotels during the fourth quarter worth $32,000. Ares Financial Consulting LLC acquired a new stake in Hyatt Hotels in the fourth quarter worth $34,000. Finally, NewEdge Advisors LLC grew its stake in shares of Hyatt Hotels by 121.4% in the 4th quarter. NewEdge Advisors LLC now owns 228 shares of the company’s stock valued at $37,000 after buying an additional 125 shares during the period. Institutional investors own 73.54% of the company’s stock.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Peter Sears sold 10,217 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the transaction, the insider owned 6,374 shares in the company, valued at $1,183,396.84. The trade was a 61.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan D. Kronick sold 1,119 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total value of $195,276.69. Following the transaction, the director directly owned 31,225 shares of the company’s stock, valued at $5,449,074.75. The trade was a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 23,224 shares of company stock valued at $4,173,605. Insiders own 23.60% of the company’s stock.

Analyst Ratings Changes

H has been the subject of several recent research reports. Stifel Nicolaus set a $182.00 target price on shares of Hyatt Hotels in a research report on Friday, May 29th. Wells Fargo & Company lifted their price target on Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Truist Financial upped their price target on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Morgan Stanley boosted their price target on shares of Hyatt Hotels from $208.00 to $218.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Hyatt Hotels has an average rating of “Moderate Buy” and an average target price of $196.93.

View Our Latest Research Report on Hyatt Hotels

Hyatt Hotels Trading Down 0.7%

Shares of H stock opened at $177.67 on Friday. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 216.67 and a beta of 1.33. The company’s fifty day simple moving average is $189.98 and its two-hundred day simple moving average is $170.92. Hyatt Hotels Corporation has a 1 year low of $134.00 and a 1 year high of $206.86. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62.

Hyatt Hotels (NYSE:HGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.91 by $0.21. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. As a group, analysts anticipate that Hyatt Hotels Corporation will post 3.58 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, August 27th. Hyatt Hotels’s payout ratio is presently 73.17%.

Hyatt Hotels Profile

(Free Report)

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.

Further Reading

Want to see what other hedge funds are holding H? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyatt Hotels Corporation (NYSE:HFree Report).

Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

Receive News & Ratings for Hyatt Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels and related companies with MarketBeat.com's FREE daily email newsletter.