Hyatt Hotels Co. (NYSE:H) Position Trimmed by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in Hyatt Hotels Co. (NYSE:H) by 5.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,951 shares of the company’s stock after selling 604 shares during the period. Thrivent Financial for Lutherans’ holdings in Hyatt Hotels were worth $1,562,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of H. Versant Capital Management Inc increased its position in Hyatt Hotels by 583.3% in the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after buying an additional 175 shares during the period. UMB Bank n.a. grew its stake in shares of Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after purchasing an additional 104 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in shares of Hyatt Hotels in the 3rd quarter worth approximately $51,000. Venturi Wealth Management LLC lifted its stake in Hyatt Hotels by 750.0% during the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after purchasing an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Hyatt Hotels by 31.9% during the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on H shares. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Macquarie cut their target price on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price target on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Jefferies Financial Group boosted their price target on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Finally, Morgan Stanley dropped their price target on Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $161.97.

Hyatt Hotels Stock Performance

H stock opened at $121.50 on Monday. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 9.77 and a beta of 1.51. The firm has a 50 day moving average of $142.39 and a two-hundred day moving average of $150.28. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a 12 month low of $116.13 and a 12 month high of $168.20.

Hyatt Hotels (NYSE:H) last posted 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). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the company earned $0.64 earnings per share. As a group, equities analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s payout ratio is 4.82%.

Insider Buying and Selling

In other news, insider Mark R. Vondrasek sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the sale, the insider now directly owns 9,337 shares of the company’s stock, valued at approximately $1,090,561.60. This trade represents a 51.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the transaction, the director now directly owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,600 shares of company stock worth $1,517,798. 23.50% of the stock is currently owned by insiders.

Hyatt Hotels Profile

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.