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

Charles Schwab Investment Management Inc. decreased its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 509,757 shares of the company’s stock after selling 1,680 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.53% of Hyatt Hotels worth $77,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in H. LRI Investments LLC purchased a new position in Hyatt Hotels during the first quarter valued at approximately $26,000. Summit Securities Group LLC purchased a new position in shares of Hyatt Hotels during the 2nd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Hyatt Hotels in the third quarter worth $30,000. Blue Trust Inc. increased its holdings in shares of Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after purchasing an additional 213 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in 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 period. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Insiders Place Their Bets

In other news, insider Mark R. Vondrasek sold 3,776 shares of the business’s 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 sale, the insider now owns 5,798 shares in the company, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 23.50% of the stock is currently owned by company insiders.

Hyatt Hotels Trading Down 0.3 %

NYSE H opened at $156.03 on Thursday. The stock has a market cap of $14.98 billion, a P/E ratio of 11.76 and a beta of 1.50. Hyatt Hotels Co. has a fifty-two week low of $112.85 and a fifty-two week high of $162.24. The stock has a 50 day simple moving average of $153.35 and a two-hundred day simple moving average of $149.42. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79.

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

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s payout ratio is currently 4.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on H shares. Morgan Stanley decreased their target price on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Hsbc Global Res raised shares of Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a research report on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 target price for the company. Finally, Mizuho dropped their price target on Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $151.88.

Hyatt Hotels Company 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.