Fifth Third Wealth Advisors LLC Decreases Stock Position in Hyatt Hotels Co. (NYSE:H)

Fifth Third Wealth Advisors LLC reduced its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,402 shares of the company’s stock after selling 135 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Hyatt Hotels were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of H. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Hyatt Hotels during the 3rd quarter worth about $30,000. Versant Capital Management Inc boosted its stake in shares of Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after buying an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after buying an additional 310 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new position in shares of Hyatt Hotels during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Stock Up 0.8 %

Shares of Hyatt Hotels stock opened at $156.18 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $156.88 and a 200 day moving average price of $151.76. Hyatt Hotels Co. has a fifty-two week low of $125.44 and a fifty-two week high of $168.20. The firm has a market cap of $15.00 billion, a P/E ratio of 11.77 and a beta of 1.48.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. On average, sell-side analysts forecast that Hyatt Hotels Co. will post 3.82 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. Hyatt Hotels’s payout ratio is currently 4.52%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. StockNews.com upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Cfra set a $155.00 price target on shares of Hyatt Hotels in a research report on Thursday, October 17th. Barclays lifted their price target on shares of Hyatt Hotels from $144.00 to $161.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Stifel Nicolaus upped their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $156.48.

Insiders Place Their Bets

In other news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the transaction, the insider now directly owns 5,798 shares in the company, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 23.50% of the stock is owned by corporate insiders.

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.