Vontobel Holding Ltd. Decreases Stake in Hyatt Hotels Co. (NYSE:H)

Vontobel Holding Ltd. trimmed its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,814 shares of the company’s stock after selling 194 shares during the period. Vontobel Holding Ltd.’s holdings in Hyatt Hotels were worth $1,341,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of H. Creative Planning boosted its position in Hyatt Hotels by 7.1% during the 3rd quarter. Creative Planning now owns 4,544 shares of the company’s stock worth $692,000 after purchasing an additional 300 shares during the period. Procyon Advisors LLC boosted its position in shares of Hyatt Hotels by 6.2% in the third quarter. Procyon Advisors LLC now owns 3,125 shares of the company’s stock worth $476,000 after buying an additional 183 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Hyatt Hotels by 31.1% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 485 shares of the company’s stock valued at $74,000 after buying an additional 115 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Hyatt Hotels by 81.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,363 shares of the company’s stock worth $1,425,000 after acquiring an additional 4,216 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Hyatt Hotels during the 3rd quarter worth approximately $30,000. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on H. JPMorgan Chase & Co. lifted their price objective on shares of Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Evercore ISI decreased their price objective on shares of Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Wednesday, August 7th. Morgan Stanley lowered their target price on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Robert W. Baird set a $157.00 price target on Hyatt Hotels in a report on Thursday. Finally, Barclays lifted their price objective on Hyatt Hotels from $146.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $148.75.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the sale, the insider now owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 23.50% of the stock is currently owned by company insiders.

Hyatt Hotels Stock Performance

Shares of H stock opened at $153.93 on Friday. The company has a market cap of $15.58 billion, a P/E ratio of 23.90 and a beta of 1.50. The business has a 50 day moving average of $148.92 and a two-hundred day moving average of $149.13. Hyatt Hotels Co. has a 52 week low of $96.77 and a 52 week high of $162.24. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.76 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same quarter in the previous year, the firm posted $0.82 EPS. As a group, analysts anticipate that Hyatt Hotels Co. will post 3.93 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a $0.15 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.39%. Hyatt Hotels’s dividend payout ratio is presently 9.32%.

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.