Hyatt Hotels Co. (NYSE:H) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC reduced its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 666 shares of the company’s stock after selling 75 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Hyatt Hotels were worth $101,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in H. Summit Securities Group LLC acquired a new stake in Hyatt Hotels during the 2nd quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Hyatt Hotels during the third quarter worth about $30,000. Blue Trust Inc. lifted its holdings in shares of Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after purchasing an additional 213 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Hyatt Hotels by 1,107.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after buying an additional 310 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Hyatt Hotels during the second quarter worth approximately $56,000. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the transaction, the insider now directly owns 5,798 shares in the company, valued at approximately $927,622.02. This represents a 39.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 23.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on H shares. Cfra set a $155.00 target price on shares of Hyatt Hotels in a research report on Thursday, October 17th. Evercore ISI lifted their price objective on shares of Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a research note on Wednesday, September 18th. They set a “neutral” rating and a $151.00 target price for the company. Macquarie dropped their price target on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Wells Fargo & Company decreased their price objective on Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Hyatt Hotels currently has a consensus rating of “Hold” and a consensus target price of $151.88.

Hyatt Hotels Stock Performance

NYSE H opened at $157.94 on Monday. The business has a 50 day moving average price of $153.60 and a 200 day moving average price of $149.57. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $15.17 billion, a P/E ratio of 11.90 and a beta of 1.50. Hyatt Hotels Co. has a 1-year low of $112.85 and a 1-year high of $162.24.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the previous year, the company posted $0.70 EPS. Sell-side analysts expect that Hyatt Hotels Co. will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. Hyatt Hotels’s dividend payout ratio (DPR) is 4.52%.

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.