Whittier Trust Co. Buys 5,902 Shares of Hyatt Hotels Corporation $H

Whittier Trust Co. grew its stake in Hyatt Hotels Corporation (NYSE:H) by 9.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 69,131 shares of the company’s stock after buying an additional 5,902 shares during the period. Whittier Trust Co.’s holdings in Hyatt Hotels were worth $10,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Los Angeles Capital Management LLC acquired a new position in shares of Hyatt Hotels during the fourth quarter valued at about $26,000. Johnson Financial Group Inc. grew its position in Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after buying an additional 144 shares in the last quarter. DV Equities LLC bought a new position in Hyatt Hotels during the fourth quarter valued at about $32,000. Ares Financial Consulting LLC acquired a new position in Hyatt Hotels in the 4th quarter valued at approximately $34,000. Finally, NewEdge Advisors LLC raised its holdings in Hyatt Hotels by 121.4% in the 4th quarter. NewEdge Advisors LLC now owns 228 shares of the company’s stock valued at $37,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Buying and Selling

In other news, Director Susan D. Kronick sold 1,119 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total value of $195,276.69. Following the transaction, the director directly owned 31,225 shares of the company’s stock, valued at $5,449,074.75. The trade was a 3.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $167.75, for a total value of $35,803,553.50. Following the sale, the insider owned 213,434 shares in the company, valued at approximately $35,803,553.50. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 236,658 shares of company stock valued at $39,977,159 in the last ninety days. 23.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on H. JPMorgan Chase & Co. lifted their price objective on Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Stifel Nicolaus set a $182.00 target price on Hyatt Hotels in a research report on Friday, May 29th. HSBC upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research note on Thursday, June 4th. Finally, Sanford C. Bernstein increased their price objective on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.36.

Hyatt Hotels Price Performance

Shares of H traded up $0.29 during trading hours on Tuesday, hitting $193.77. The stock had a trading volume of 66,041 shares, compared to its average volume of 869,817. The stock has a market capitalization of $18.25 billion, a price-to-earnings ratio of -553.28 and a beta of 1.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. The company’s fifty day moving average is $182.89 and its two-hundred day moving average is $167.68. Hyatt Hotels Corporation has a 52 week low of $133.51 and a 52 week high of $206.86.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same period last year, the firm posted $0.46 EPS. On average, analysts anticipate that Hyatt Hotels Corporation will post 3.58 EPS for the current year.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.