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

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hyatt Hotels Co. (NYSE:H) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Crossmark Global Holdings Inc. raised its stake in Hyatt Hotels by 18.9% during the third quarter. Crossmark Global Holdings Inc. now owns 3,917 shares of the company’s stock worth $596,000 after purchasing an additional 622 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Hyatt Hotels by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 84,971 shares of the company’s stock valued at $12,933,000 after purchasing an additional 610 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Hyatt Hotels in the third quarter valued at approximately $621,000. Victory Capital Management Inc. grew its holdings in shares of Hyatt Hotels by 12.3% in the third quarter. Victory Capital Management Inc. now owns 29,076 shares of the company’s stock valued at $4,425,000 after purchasing an additional 3,176 shares in the last quarter. Finally, ING Groep NV acquired a new position in shares of Hyatt Hotels in the third quarter valued at approximately $2,922,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Activity at Hyatt Hotels

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 shares were 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 in the company, valued at $5,377,290.06. This trade represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.50% of the stock is currently owned by insiders.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $120.90 on Friday. The stock has a market capitalization of $11.63 billion, a P/E ratio of 9.72 and a beta of 1.51. Hyatt Hotels Co. has a 12-month low of $119.30 and a 12-month high of $168.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The firm’s 50-day moving average is $149.68 and its two-hundred day moving average is $152.27.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the company earned $0.64 earnings per share. Equities analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.50%. Hyatt Hotels’s payout ratio is 4.82%.

Wall Street Analyst Weigh In

Several research firms have commented on H. Barclays lowered their price target on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Wells Fargo & Company reduced their price target on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Truist Financial upped their price target on shares of Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley cut their price objective on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. Finally, Robert W. Baird lowered their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $162.24.

About Hyatt Hotels

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.