Hyatt Hotels Co. (NYSE:H) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hyatt Hotels Co. (NYSE:H) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,460 shares of the company’s stock after purchasing an additional 827 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hyatt Hotels were worth $6,194,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its stake in shares of 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 purchasing an additional 175 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after buying an additional 104 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in shares of Hyatt Hotels in the 3rd quarter valued at about $51,000. Venturi Wealth Management LLC boosted its holdings in shares of Hyatt Hotels by 750.0% during the fourth 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 grew its holdings in shares of Hyatt Hotels by 31.9% during the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after acquiring an additional 113 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Trading Down 3.1 %

H stock opened at $120.90 on Friday. The business has a fifty day moving average price of $149.68 and a 200 day moving average price of $152.27. Hyatt Hotels Co. has a fifty-two week low of $119.30 and a fifty-two week high of $168.20. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 9.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83.

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

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid 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 0.50%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on H. Truist Financial boosted their target price on Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Susquehanna upped their price target on Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Barclays cut their price objective on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Mizuho cut their price objective on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Finally, Stifel Nicolaus upped their price target on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $162.24.

Insider Buying and Selling

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels 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 directly owns 37,927 shares in the company, 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 legal filing with the SEC, which is accessible through this link. 23.50% of the stock is owned by insiders.

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.