Corient Private Wealth LLC Makes New Investment in Hyatt Hotels Corporation $H

Corient Private Wealth LLC acquired a new position in shares of Hyatt Hotels Corporation (NYSE:H) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,952 shares of the company’s stock, valued at approximately $2,237,000.

Several other institutional investors have also recently added to or reduced their stakes in H. Los Angeles Capital Management LLC purchased a new position in Hyatt Hotels during the fourth quarter worth about $26,000. Johnson Financial Group Inc. grew its holdings in Hyatt Hotels by 450.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after buying an additional 144 shares during the period. DV Equities LLC purchased a new stake in Hyatt Hotels in the 4th quarter valued at about $32,000. Ares Financial Consulting LLC acquired a new position in shares of Hyatt Hotels during the 4th quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Hyatt Hotels by 98.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after acquiring an additional 107 shares during the period. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Trading Down 0.0%

Shares of H stock opened at $197.67 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels Corporation has a fifty-two week low of $133.51 and a fifty-two week high of $206.86. The firm’s 50 day moving average price is $179.96 and its two-hundred day moving average price is $166.28. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of -564.78 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm posted $0.46 EPS. On average, analysts anticipate that Hyatt Hotels Corporation will post 3.58 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is presently -171.43%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on H shares. JPMorgan Chase & Co. raised their target price on shares of Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Barclays increased their price target on shares of Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Morgan Stanley lifted their price target on shares of Hyatt Hotels from $195.00 to $208.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Stifel Nicolaus set a $182.00 price objective on shares of Hyatt Hotels in a research note on Friday, May 29th. Finally, Truist Financial upped their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.40.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Peter Sears sold 10,217 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the completion of the transaction, the insider owned 6,374 shares in the company, valued at $1,183,396.84. This represents a 61.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan D. Kronick sold 1,119 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total transaction of $195,276.69. Following the completion of the sale, the director directly owned 31,225 shares of the company’s stock, valued at $5,449,074.75. This trade represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 236,658 shares of company stock worth $39,977,159. Insiders own 23.60% of the company’s stock.

Hyatt Hotels Company Profile

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.