Northwestern Mutual Wealth Management Co. Raises Stock Position in Hyatt Hotels Corporation $H

Northwestern Mutual Wealth Management Co. boosted its position in shares of Hyatt Hotels Corporation (NYSE:H) by 8,321.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 188,551 shares of the company’s stock after purchasing an additional 186,312 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Hyatt Hotels were worth $30,228,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC grew its stake in Hyatt Hotels by 0.8% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock valued at $1,339,000 after acquiring an additional 72 shares in the last quarter. Allworth Financial LP grew its stake in Hyatt Hotels by 17.8% during the third quarter. Allworth Financial LP now owns 483 shares of the company’s stock valued at $69,000 after acquiring an additional 73 shares in the last quarter. Gilbert & Cook Inc. grew its stake in Hyatt Hotels by 3.5% during the fourth quarter. Gilbert & Cook Inc. now owns 2,439 shares of the company’s stock valued at $391,000 after acquiring an additional 83 shares in the last quarter. US Bancorp DE grew its stake in Hyatt Hotels by 2.3% during the third quarter. US Bancorp DE now owns 3,788 shares of the company’s stock valued at $538,000 after acquiring an additional 85 shares in the last quarter. Finally, Ethic Inc. grew its stake in Hyatt Hotels by 3.5% during the fourth quarter. Ethic Inc. now owns 2,533 shares of the company’s stock valued at $406,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on H. Sanford C. Bernstein lifted their target price on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday. Evercore reiterated an “in-line” rating and set a $175.00 target price (up from $170.00) on shares of Hyatt Hotels in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Friday, March 27th. Barclays lifted their target price on shares of Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company lifted their target price on shares of Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $185.07.

Hyatt Hotels Trading Up 0.6%

Shares of Hyatt Hotels stock opened at $169.74 on Tuesday. Hyatt Hotels Corporation has a 1 year low of $124.82 and a 1 year high of $180.53. The firm has a market cap of $15.98 billion, a PE ratio of -484.96 and a beta of 1.33. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. The company has a 50 day simple moving average of $156.01 and a two-hundred day simple moving average of $158.85.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same period in the previous year, the business posted $0.46 EPS. Analysts expect that Hyatt Hotels Corporation will post 3.46 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, May 29th. Hyatt Hotels’s payout ratio is presently -171.43%.

Insider Buying and Selling

In other news, insider Jnp 2010-Pg Trust sold 213,434 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $167.75, for a total value of $35,803,553.50. Following the completion of the sale, the insider directly owned 213,434 shares in the company, valued at approximately $35,803,553.50. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kinsey Wolf sold 400 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total transaction of $58,912.00. Following the completion of the sale, the insider owned 545 shares of the company’s stock, valued at approximately $80,267.60. The trade was a 42.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 214,234 shares of company stock valued at $35,920,202. Company insiders own 23.60% of the company’s stock.

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.