4,718 Shares in Hyatt Hotels Corporation $H Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC acquired a new stake in Hyatt Hotels Corporation (NYSE:H) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,718 shares of the company’s stock, valued at approximately $520,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Delta Global Management LP acquired a new stake in shares of Hyatt Hotels in the first quarter valued at about $2,151,000. Truist Financial Corp increased its position in Hyatt Hotels by 970.8% during the 4th quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock valued at $2,970,000 after purchasing an additional 16,794 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Hyatt Hotels by 345.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company’s stock worth $1,422,000 after purchasing an additional 6,877 shares during the last quarter. Accredited Investors Inc. acquired a new position in shares of Hyatt Hotels in the 4th quarter worth approximately $1,146,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Hyatt Hotels by 8,321.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 188,551 shares of the company’s stock valued at $30,228,000 after purchasing an additional 186,312 shares during the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Price Performance

H stock opened at $177.00 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. The company’s 50-day moving average is $186.64 and its 200-day moving average is $172.53. The stock has a market capitalization of $16.68 billion, a PE ratio of 215.85 and a beta of 1.33. Hyatt Hotels Corporation has a 1 year low of $134.18 and a 1 year high of $206.86.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.21. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. Equities research analysts expect that Hyatt Hotels Corporation will post 3.54 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company 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 dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 27th. Hyatt Hotels’s dividend payout ratio is presently 73.17%.

Insider Buying and Selling

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,700 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the transaction, the director owned 29,525 shares in the company, valued at approximately $5,310,957. This represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Peter Sears sold 10,217 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the completion of the transaction, the insider directly owned 6,374 shares in the company, valued at $1,183,396.84. This trade represents a 61.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,004 shares of company stock worth $2,595,040 in the last ninety days. Corporate insiders own 23.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. HSBC raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a research note on Thursday, June 4th. Sanford C. Bernstein upped their price target on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. decreased their price target on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Susquehanna lifted their price objective on Hyatt Hotels from $180.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Finally, Robert W. Baird cut their target price on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating on the stock in a research report 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $196.64.

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.