Evolve Private Wealth LLC Purchases Shares of 2,918 Hyatt Hotels Corporation $H

Evolve Private Wealth LLC purchased a new stake in shares of Hyatt Hotels Corporation (NYSE:H) during the 2nd quarter, HoldingsChannel reports. The fund purchased 2,918 shares of the company’s stock, valued at approximately $322,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Callan Family Office LLC bought a new position in Hyatt Hotels during the second quarter valued at about $1,624,000. Heartland Advisors Inc. bought a new position in shares of Hyatt Hotels during the 2nd quarter valued at about $7,594,000. NewEdge Wealth LLC acquired a new position in shares of Hyatt Hotels in the 2nd quarter worth approximately $2,227,000. Great Lakes Advisors LLC acquired a new position in shares of Hyatt Hotels in the 2nd quarter worth approximately $415,000. Finally, Meeder Advisory Services Inc. bought a new stake in shares of Hyatt Hotels in the 2nd quarter worth approximately $204,000. Institutional investors own 73.54% of the company’s stock.

Insider Transactions at Hyatt Hotels

In other news, insider Peter Sears sold 10,217 shares of Hyatt Hotels stock in a transaction on 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 approximately $1,183,396.84. The trade was a 61.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Udell sold 2,087 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total value of $392,356.00. Following the completion of the transaction, the insider owned 16,638 shares in the company, valued at $3,127,944. This represents a 11.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,004 shares of company stock valued at $2,595,040 over the last quarter. Company insiders own 23.60% of the company’s stock.

Analyst Ratings Changes

H has been the subject of several recent research reports. Susquehanna increased their target price on shares of Hyatt Hotels from $180.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Wells Fargo & Company lifted their price target on shares of Hyatt Hotels from $182.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Truist Financial upped their price target on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Morgan Stanley cut their price objective on Hyatt Hotels from $218.00 to $209.00 and set an “overweight” rating for the company in a research report on Tuesday, August 18th. Finally, Robert W. Baird reduced their price objective on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Moderate Buy” and an average target price of $196.64.

Hyatt Hotels Price Performance

H stock opened at $177.34 on Thursday. Hyatt Hotels Corporation has a one year low of $134.18 and a one year high of $206.86. The firm has a 50-day moving average of $186.14 and a two-hundred day moving average of $172.65. The firm has a market capitalization of $16.71 billion, a PE ratio of 216.27 and a beta of 1.33. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.21. The business had revenue of $1.83 billion for 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 firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. On average, analysts forecast that Hyatt Hotels Corporation will post 3.54 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

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

About Hyatt Hotels

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.