Kensington Investment Counsel LLC Purchases 95 Shares of Hyatt Hotels Co. (NYSE:H)

Kensington Investment Counsel LLC boosted its stake in Hyatt Hotels Co. (NYSE:H) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,604 shares of the company’s stock after acquiring an additional 95 shares during the period. Kensington Investment Counsel LLC’s holdings in Hyatt Hotels were worth $2,136,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Hyatt Hotels by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 84,971 shares of the company’s stock worth $12,933,000 after purchasing an additional 610 shares during the period. Victory Capital Management Inc. grew its stake in shares of Hyatt Hotels by 12.3% during the 3rd quarter. Victory Capital Management Inc. now owns 29,076 shares of the company’s stock worth $4,425,000 after acquiring an additional 3,176 shares during the period. Natixis Advisors LLC grew its stake in shares of Hyatt Hotels by 14.0% during the 3rd quarter. Natixis Advisors LLC now owns 13,982 shares of the company’s stock worth $2,128,000 after acquiring an additional 1,720 shares during the period. Swiss National Bank grew its stake in shares of Hyatt Hotels by 0.6% during the 3rd quarter. Swiss National Bank now owns 134,000 shares of the company’s stock worth $20,395,000 after acquiring an additional 800 shares during the period. Finally, AMG National Trust Bank boosted its stake in Hyatt Hotels by 0.5% in the 3rd quarter. AMG National Trust Bank now owns 50,883 shares of the company’s stock worth $7,744,000 after purchasing an additional 241 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Price Performance

NYSE:H opened at $126.59 on Tuesday. Hyatt Hotels Co. has a 12 month low of $119.30 and a 12 month high of $168.20. The stock has a 50 day moving average of $147.74 and a two-hundred day moving average of $151.78. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm has a market cap of $12.17 billion, a P/E ratio of 10.18 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter last year, the company earned $0.64 earnings per share. On average, analysts expect that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is 4.82%.

Analyst Ratings Changes

Several analysts have weighed in on H shares. Robert W. Baird lowered their price target on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Truist Financial lifted their price target on Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group cut their price objective on Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. lifted their price objective on Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Barclays dropped their price target on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and an average price target of $162.24.

Insider Activity

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, the director now owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. This trade represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 23.50% of the company’s stock.

About Hyatt Hotels

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.