Goldman Sachs Group Inc. Purchases 126,877 Shares of Hyatt Hotels Corporation $H

Goldman Sachs Group Inc. grew its position in Hyatt Hotels Corporation (NYSE:H) by 27.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 585,530 shares of the company’s stock after acquiring an additional 126,877 shares during the period. Goldman Sachs Group Inc.’s holdings in Hyatt Hotels were worth $93,872,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Hyatt Hotels by 0.8% in 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 during the last quarter. Allworth Financial LP raised its position in Hyatt Hotels by 17.8% in the 3rd quarter. Allworth Financial LP now owns 483 shares of the company’s stock worth $69,000 after purchasing an additional 73 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Hyatt Hotels by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock worth $372,000 after purchasing an additional 79 shares during the last quarter. Gilbert & Cook Inc. raised its position in Hyatt Hotels by 3.5% in the 4th quarter. Gilbert & Cook Inc. now owns 2,439 shares of the company’s stock worth $391,000 after purchasing an additional 83 shares during the last quarter. Finally, US Bancorp DE raised its position in Hyatt Hotels by 2.3% in the 3rd quarter. US Bancorp DE now owns 3,788 shares of the company’s stock worth $538,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Insider Activity

In other news, insider Jnp 2010-Pg Trust sold 213,434 shares of the business’s stock in a transaction 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 transaction, the insider owned 213,434 shares of the company’s stock, valued at $35,803,553.50. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 1,119 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total transaction of $195,780.24. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 237,458 shares of company stock worth $40,093,807. Corporate insiders own 23.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Mizuho boosted their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Stifel Nicolaus set a $182.00 price objective on shares of Hyatt Hotels in a research report on Friday, May 29th. Morgan Stanley boosted their price objective on shares of Hyatt Hotels from $195.00 to $208.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.40.

Hyatt Hotels Price Performance

H opened at $194.08 on Wednesday. The company has a fifty day moving average price of $167.52 and a two-hundred day moving average price of $162.79. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. Hyatt Hotels Corporation has a 52 week low of $127.59 and a 52 week high of $199.87. The firm has a market capitalization of $18.27 billion, a PE ratio of -554.50 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business earned $0.46 EPS. As a group, analysts anticipate that Hyatt Hotels Corporation will post 3.58 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, May 29th. Hyatt Hotels’s payout ratio is currently -171.43%.

Hyatt Hotels Company Profile

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.