PNC Financial Services Group Inc. Lowers Stake in Hyatt Hotels Co. (NYSE:H)

PNC Financial Services Group Inc. lessened its holdings in Hyatt Hotels Co. (NYSE:H) by 26.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,303 shares of the company’s stock after selling 844 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Hyatt Hotels were worth $362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. raised its position in shares of Hyatt Hotels by 12.3% in the 3rd quarter. Victory Capital Management Inc. now owns 29,076 shares of the company’s stock worth $4,425,000 after purchasing an additional 3,176 shares during the last quarter. Natixis Advisors LLC increased its stake in Hyatt Hotels by 14.0% during the 3rd quarter. Natixis Advisors LLC now owns 13,982 shares of the company’s stock valued at $2,128,000 after purchasing an additional 1,720 shares in the last quarter. Swiss National Bank raised its holdings in Hyatt Hotels by 0.6% in the third quarter. Swiss National Bank now owns 134,000 shares of the company’s stock worth $20,395,000 after buying an additional 800 shares during the last quarter. Quest Partners LLC grew its holdings in shares of Hyatt Hotels by 1,073.2% during the third quarter. Quest Partners LLC now owns 1,443 shares of the company’s stock valued at $220,000 after buying an additional 1,320 shares during the last quarter. Finally, Commerce Bank increased its position in shares of Hyatt Hotels by 18.7% during the third quarter. Commerce Bank now owns 49,474 shares of the company’s stock valued at $7,530,000 after acquiring an additional 7,808 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Trading Down 1.4 %

Shares of H stock opened at $123.91 on Friday. The stock has a fifty day simple moving average of $146.02 and a two-hundred day simple moving average of $151.20. Hyatt Hotels Co. has a 52-week low of $119.30 and a 52-week high of $168.20. The firm has a market capitalization of $11.91 billion, a PE ratio of 9.96 and a beta of 1.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83.

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

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.48%. Hyatt Hotels’s payout ratio is 4.82%.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,600 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the sale, the director now directly owns 37,927 shares in the company, valued at $5,377,290.06. The trade was a 4.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total transaction of $122,950.00. Following the completion of the transaction, the insider now directly owns 811 shares of the company’s stock, valued at approximately $99,712.45. The trade was a 55.22 % decrease in their position. The disclosure for this sale can be found here. 23.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

H has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. The Goldman Sachs Group dropped their price objective on Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Jefferies Financial Group boosted their target price on Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Stifel Nicolaus raised their price target on shares of Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a report on Tuesday, November 26th. Finally, Truist Financial lifted their price target on shares of Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.