Bernard Wealth Management Corp. Invests $26,000 in Hyatt Hotels Co. (NYSE:H)

Bernard Wealth Management Corp. bought a new stake in shares of Hyatt Hotels Co. (NYSE:H) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 166 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Nova Scotia increased its position in shares of Hyatt Hotels by 2.2% in the fourth quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company’s stock valued at $269,532,000 after acquiring an additional 37,057 shares during the period. Twin Capital Management Inc. increased its holdings in Hyatt Hotels by 4.3% during the 4th quarter. Twin Capital Management Inc. now owns 13,896 shares of the company’s stock valued at $2,181,000 after purchasing an additional 572 shares during the period. Invesco Ltd. raised its position in Hyatt Hotels by 241.4% during the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company’s stock valued at $106,677,000 after purchasing an additional 480,523 shares during the last quarter. Bank of Montreal Can lifted its holdings in Hyatt Hotels by 68.6% in the 4th quarter. Bank of Montreal Can now owns 71,065 shares of the company’s stock worth $11,156,000 after buying an additional 28,907 shares during the period. Finally, Cerity Partners LLC grew its position in shares of Hyatt Hotels by 260.0% in the 4th quarter. Cerity Partners LLC now owns 5,908 shares of the company’s stock worth $924,000 after buying an additional 4,267 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Price Performance

Shares of H opened at $104.05 on Wednesday. Hyatt Hotels Co. has a twelve month low of $101.62 and a twelve month high of $168.20. The company has a market capitalization of $10.01 billion, a P/E ratio of 8.36 and a beta of 1.35. The firm has a 50 day moving average of $135.57 and a 200 day moving average of $148.30. 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 (NYSE:H) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. As a group, equities research analysts anticipate that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders 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 dividend on an annualized basis and a yield of 0.58%. Hyatt Hotels’s dividend payout ratio is presently 4.82%.

Insider Activity at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 10,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now directly owns 9,337 shares in the company, valued at $1,090,561.60. This represents a 51.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the transaction, the director now owns 37,927 shares in the company, valued at $5,377,290.06. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,600 shares of company stock worth $1,517,798. 23.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on H. Truist Financial dropped their price target on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Robert W. Baird cut their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Susquehanna raised their price objective on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Wells Fargo & Company reduced their target price on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group lowered their target price on Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $161.97.

Hyatt Hotels Company 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.