Creative Planning Has $692,000 Stake in Hyatt Hotels Co. (NYSE:H)

Creative Planning lifted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,544 shares of the company’s stock after buying an additional 300 shares during the quarter. Creative Planning’s holdings in Hyatt Hotels were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Procyon Advisors LLC grew its position in Hyatt Hotels by 6.2% in the 3rd quarter. Procyon Advisors LLC now owns 3,125 shares of the company’s stock valued at $476,000 after purchasing an additional 183 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Hyatt Hotels by 31.1% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 485 shares of the company’s stock valued at $74,000 after purchasing an additional 115 shares during the period. Exchange Traded Concepts LLC grew its position in Hyatt Hotels by 81.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,363 shares of the company’s stock valued at $1,425,000 after purchasing an additional 4,216 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Hyatt Hotels in the 3rd quarter valued at $30,000. Finally, New England Research & Management Inc. grew its position in Hyatt Hotels by 95.1% in the 3rd quarter. New England Research & Management Inc. now owns 9,025 shares of the company’s stock valued at $1,374,000 after purchasing an additional 4,400 shares during the period. Institutional investors and hedge funds own 71.02% of the company’s stock.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock opened at $145.04 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. The company has a market cap of $14.55 billion, a PE ratio of 10.93 and a beta of 1.50. The business has a 50 day moving average of $150.93 and a 200 day moving average of $148.92. Hyatt Hotels Co. has a 52 week low of $96.77 and a 52 week high of $162.24.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a return on equity of 10.75% and a net margin of 20.55%. During the same quarter in the prior year, the company earned $0.70 earnings per share. As a group, equities research analysts forecast that Hyatt Hotels Co. will post 3.87 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.41%. Hyatt Hotels’s payout ratio is 4.52%.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the sale, the insider now directly owns 623,556 shares of the company’s stock, valued at $93,389,982.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.50% of the stock is owned by insiders.

Analysts Set New Price Targets

H has been the topic of several recent analyst reports. Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a research note on Friday. Evercore ISI raised their price objective on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. The Goldman Sachs Group assumed coverage on Hyatt Hotels in a research note on Wednesday, September 18th. They set a “neutral” rating and a $151.00 price objective on the stock. Mizuho lowered their target price on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, HSBC cut Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research note on Friday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Hyatt Hotels has a consensus rating of “Hold” and an average price target of $151.62.

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.