Venturi Wealth Management LLC Grows Holdings in Hyatt Hotels Co. (NYSE:H)

Venturi Wealth Management LLC increased its position in shares of Hyatt Hotels Co. (NYSE:H) by 750.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 340 shares of the company’s stock after buying an additional 300 shares during the period. Venturi Wealth Management LLC’s holdings in Hyatt Hotels were worth $53,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after buying an additional 7,440 shares during the period. TT International Asset Management LTD acquired a new position in shares of Hyatt Hotels in the 4th quarter valued at about $5,283,000. Assetmark Inc. boosted its holdings in shares of Hyatt Hotels by 162.2% in the 3rd quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock valued at $7,464,000 after buying an additional 30,339 shares during the period. Bamco Inc. NY boosted its holdings in shares of Hyatt Hotels by 1.3% in the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after buying an additional 68,608 shares during the period. Finally, Icon Wealth Advisors LLC boosted its holdings in shares of Hyatt Hotels by 17,641.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after buying an additional 130,724 shares during the period. Institutional investors own 73.54% of the company’s stock.

Wall Street Analyst Weigh In

H has been the subject of a number of analyst reports. Truist Financial boosted their target price on shares of Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. boosted their target price on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Jefferies Financial Group boosted their target price on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. Finally, StockNews.com downgraded shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $162.55.

Hyatt Hotels Price Performance

NYSE H opened at $138.72 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $154.45 and a 200 day simple moving average of $152.84. The company has a market cap of $13.34 billion, a P/E ratio of 11.15 and a beta of 1.48. Hyatt Hotels Co. has a 1 year low of $128.91 and a 1 year high of $168.20.

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

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Hyatt Hotels’s payout ratio is currently 4.82%.

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.