Gilbert & Cook Inc. Sells 237 Shares of Hyatt Hotels Co. (NYSE:H)

Gilbert & Cook Inc. lowered its position in shares of Hyatt Hotels Co. (NYSE:H) by 11.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,782 shares of the company’s stock after selling 237 shares during the quarter. Gilbert & Cook Inc.’s holdings in Hyatt Hotels were worth $271,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake in shares of Hyatt Hotels by 165.7% in the 1st quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock valued at $8,601,000 after acquiring an additional 33,603 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Hyatt Hotels by 0.3% in the first quarter. Retirement Systems of Alabama now owns 55,530 shares of the company’s stock valued at $8,864,000 after buying an additional 146 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Hyatt Hotels by 31.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 39,485 shares of the company’s stock valued at $6,300,000 after buying an additional 9,559 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Hyatt Hotels during the 1st quarter worth approximately $3,413,000. Finally, Vanguard Group Inc. grew its holdings in Hyatt Hotels by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after acquiring an additional 144,356 shares during the last quarter. 71.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on H. Mizuho reduced their price objective on shares of Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Sanford C. Bernstein reduced their target price on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Susquehanna dropped their price objective on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels presently has a consensus rating of “Hold” and an average target price of $148.50.

Hyatt Hotels Stock Up 1.9 %

H opened at $151.92 on Tuesday. Hyatt Hotels Co. has a 12 month low of $96.77 and a 12 month high of $162.24. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70. The business’s 50-day moving average price is $147.11 and its 200-day moving average price is $149.61. The company has a market cap of $15.24 billion, a P/E ratio of 23.59 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the company earned $0.82 EPS. On average, equities analysts expect that Hyatt Hotels Co. will post 3.97 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.39%. Hyatt Hotels’s payout ratio is 9.32%.

Insiders Place Their Bets

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the sale, the insider now owns 623,556 shares in the company, valued at approximately $93,389,982.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Michael A. Rocca sold 1,189 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,796 shares of company stock worth $14,424,763. Company insiders own 23.50% of the company’s stock.

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.