Hyatt Hotels Co. (NYSE:H) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT cut its position in shares of Hyatt Hotels Co. (NYSE:H) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,230 shares of the company’s stock after selling 290 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Hyatt Hotels were worth $1,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ING Groep NV increased its stake in Hyatt Hotels by 233.3% during the fourth quarter. ING Groep NV now owns 64,000 shares of the company’s stock worth $10,047,000 after acquiring an additional 44,800 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Hyatt Hotels by 15.4% in the fourth quarter. Handelsbanken Fonder AB now owns 409,600 shares of the company’s stock valued at $64,299,000 after buying an additional 54,700 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Hyatt Hotels by 750.0% in the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after buying an additional 300 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $307,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $217,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

H has been the subject of a number of recent research reports. Barclays lowered their target price on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Stifel Nicolaus increased their target price on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Finally, Truist Financial raised their price objective on Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hyatt Hotels currently has an average rating of “Hold” and a consensus price target of $162.29.

Hyatt Hotels Stock Down 3.8 %

Shares of H stock opened at $140.20 on Friday. Hyatt Hotels Co. has a 1 year low of $128.91 and a 1 year high of $168.20. The stock has a market cap of $13.48 billion, a PE ratio of 11.27 and a beta of 1.48. The business’s fifty day moving average is $155.26 and its 200-day moving average is $152.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83.

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

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Hyatt Hotels’s payout ratio is 4.82%.

Insider Buying and Selling

In other news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares of the company’s stock, valued at $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 23.50% of the company’s stock.

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.