Hyatt Hotels Co. (NYSE:H) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in shares of Hyatt Hotels Co. (NYSE:H) by 5.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 127,000 shares of the company’s stock after selling 7,000 shares during the period. Swiss National Bank’s holdings in Hyatt Hotels were worth $19,936,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in H. Raymond James Financial Inc. acquired a new stake in Hyatt Hotels in the 4th quarter valued at $77,136,000. Icon Wealth Advisors LLC increased its holdings in Hyatt Hotels by 17,641.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after purchasing an additional 130,724 shares in the last quarter. KBC Group NV increased its holdings in Hyatt Hotels by 978.3% in the 4th quarter. KBC Group NV now owns 108,966 shares of the company’s stock valued at $17,106,000 after purchasing an additional 98,861 shares in the last quarter. Bamco Inc. NY grew its stake in shares of Hyatt Hotels by 1.3% during the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after acquiring an additional 68,608 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of Hyatt Hotels by 87.2% during the third quarter. Worldquant Millennium Advisors LLC now owns 140,805 shares of the company’s stock valued at $21,431,000 after acquiring an additional 65,577 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction that occurred 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 approximately $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of NYSE H opened at $122.30 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm’s 50-day moving average price is $147.13 and its two-hundred day moving average price is $151.57. Hyatt Hotels Co. has a 52-week low of $119.30 and a 52-week high of $168.20. The stock has a market capitalization of $11.76 billion, a P/E ratio of 9.83 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 business had revenue of $1.60 billion for 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 period last year, the firm posted $0.64 EPS. As a group, sell-side analysts forecast that Hyatt Hotels Co. will post 3.05 earnings per share for the current 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 issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Analyst Upgrades and Downgrades

H has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 4th. Stifel Nicolaus raised 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. JPMorgan Chase & Co. raised their target price on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Evercore ISI upgraded Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 target price for the company in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company lowered their target price on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. One investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $162.24.

Hyatt Hotels 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.