Charles Schwab Investment Management Inc. Sells 1,680 Shares of Hyatt Hotels Co. (NYSE:H)

Charles Schwab Investment Management Inc. trimmed its stake in Hyatt Hotels Co. (NYSE:H) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 509,757 shares of the company’s stock after selling 1,680 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Hyatt Hotels were worth $77,585,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. LRI Investments LLC bought a new stake in shares of Hyatt Hotels during the first quarter valued at approximately $26,000. Summit Securities Group LLC bought a new stake in shares of Hyatt Hotels in the 2nd quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Hyatt Hotels in the 3rd quarter worth $30,000. Blue Trust Inc. lifted its holdings in shares of Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after purchasing an additional 213 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Hyatt Hotels by 1,107.1% during the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after buying an additional 310 shares during the last quarter. 71.02% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Performance

NYSE H opened at $156.03 on Thursday. The business has a 50-day moving average price of $153.35 and a 200-day moving average price of $149.42. The firm has a market cap of $14.98 billion, a price-to-earnings ratio of 11.76 and a beta of 1.50. Hyatt Hotels Co. has a twelve month low of $112.85 and a twelve month high of $162.24. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm posted $0.70 EPS. As a group, equities research analysts predict that Hyatt Hotels Co. will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Insider Activity

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the transaction, the insider now owns 5,798 shares in the company, valued at $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 23.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on H shares. Susquehanna lowered their target price on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Morgan Stanley lowered their price objective on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. HSBC downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research note on Friday, November 1st. Finally, Mizuho reduced their price objective on Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $151.88.

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.