Whittier Trust Co. of Nevada Inc. Raises Position in Hyatt Hotels Co. (NYSE:H)

Whittier Trust Co. of Nevada Inc. lifted its stake in Hyatt Hotels Co. (NYSE:H) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,689 shares of the company’s stock after purchasing an additional 1,154 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Hyatt Hotels were worth $4,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc increased its position in Hyatt Hotels by 583.3% during the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock valued at $32,000 after acquiring an additional 175 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Hyatt Hotels by 99.0% during the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after purchasing an additional 104 shares during the period. iA Global Asset Management Inc. bought a new position in Hyatt Hotels during the 3rd quarter valued at about $51,000. Venturi Wealth Management LLC raised its position in Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after purchasing an additional 300 shares during the period. Finally, Fifth Third Bancorp lifted its stake in Hyatt Hotels by 31.9% in the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock worth $73,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Trading Down 1.8 %

Shares of NYSE H opened at $121.68 on Friday. The business has a fifty day moving average price of $145.42 and a 200 day moving average price of $150.99. Hyatt Hotels Co. has a 1-year low of $116.13 and a 1-year high of $168.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $11.70 billion, a P/E ratio of 9.78 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate 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 in the prior year, the business posted $0.64 earnings per share. Equities research analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s payout ratio is presently 4.82%.

Insider Activity

In other Hyatt Hotels news, insider Kinsey Wolf sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total transaction of $122,950.00. Following the transaction, the insider now owns 811 shares in the company, valued at approximately $99,712.45. This represents a 55.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now owns 37,927 shares of the company’s stock, valued at $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,600 shares of company stock worth $1,517,798. Insiders own 23.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on H shares. Barclays cut their target price on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Stifel Nicolaus increased their target price on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. boosted their target price on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. StockNews.com downgraded shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Finally, Evercore ISI raised shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $161.97.

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.