Wellington Management Group LLP Lowers Position in Hyatt Hotels Co. (NYSE:H)

Wellington Management Group LLP lowered its stake in shares of Hyatt Hotels Co. (NYSE:H) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,683,826 shares of the company’s stock after selling 71,709 shares during the period. Wellington Management Group LLP’s holdings in Hyatt Hotels were worth $264,327,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in H. Kensington Investment Counsel LLC increased its position in Hyatt Hotels by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company’s stock worth $2,136,000 after purchasing an additional 95 shares in the last quarter. Bridges Investment Management Inc. grew its stake in Hyatt Hotels by 2.3% during the fourth quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company’s stock worth $681,000 after buying an additional 99 shares during the period. UMB Bank n.a. raised its stake in shares of Hyatt Hotels by 99.0% in 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 period. Arizona State Retirement System lifted its holdings in shares of Hyatt Hotels by 0.9% during the 4th quarter. Arizona State Retirement System now owns 13,050 shares of the company’s stock valued at $2,049,000 after acquiring an additional 110 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Hyatt Hotels by 31.9% during the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock worth $73,000 after purchasing an additional 113 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Price Performance

Shares of H opened at $121.77 on Wednesday. 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 firm has a market cap of $11.71 billion, a price-to-earnings ratio of 9.79 and a beta of 1.51. Hyatt Hotels Co. has a 52 week low of $116.13 and a 52 week high of $168.20. The stock has a 50 day moving average of $141.03 and a 200-day moving average of $149.96.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company posted $0.64 earnings per share. As a group, analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Analyst Ratings Changes

Several research firms have commented on H. Evercore ISI raised Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research report on Wednesday, March 5th. Susquehanna raised their target price on Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Jefferies Financial Group upped their price target on Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Robert W. Baird lowered 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. Finally, Wells Fargo & Company reduced their target price on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, Hyatt Hotels presently has an average rating of “Hold” and a consensus target price of $161.97.

Insider Transactions at Hyatt Hotels

In other news, insider Kinsey Wolf sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total transaction of $122,950.00. Following the completion of the transaction, the insider now owns 811 shares in the company, valued at approximately $99,712.45. This represents a 55.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the sale, the insider now owns 9,337 shares in the company, valued at approximately $1,090,561.60. This represents a 51.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,600 shares of company stock worth $1,517,798. 23.50% of the stock is currently owned by company insiders.

About Hyatt Hotels

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.