Ethic Inc. Acquires 934 Shares of Hyatt Hotels Co. (NYSE:H)

Ethic Inc. lifted its holdings in Hyatt Hotels Co. (NYSE:H) by 15.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,873 shares of the company’s stock after purchasing an additional 934 shares during the quarter. Ethic Inc.’s holdings in Hyatt Hotels were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Bernard Wealth Management Corp. bought a new stake in shares of Hyatt Hotels during the 4th quarter valued at $26,000. UMB Bank n.a. grew its holdings in Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after purchasing an additional 104 shares during the period. Venturi Wealth Management LLC grew its holdings 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 period. Fifth Third Bancorp increased its position in Hyatt Hotels by 31.9% in the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock worth $73,000 after buying an additional 113 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Hyatt Hotels by 78.8% in the fourth quarter. Blue Trust Inc. now owns 581 shares of the company’s stock worth $88,000 after buying an additional 256 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the transaction, the insider now directly owns 9,337 shares of the company’s stock, valued at approximately $1,090,561.60. The trade was a 51.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the completion of the sale, the insider now directly owns 811 shares in the company, valued at $99,712.45. This trade represents a 55.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,600 shares of company stock worth $1,517,798 over the last ninety days. Company insiders own 23.70% of the company’s stock.

Hyatt Hotels Trading Up 1.3%

H stock opened at $136.64 on Wednesday. The firm has a fifty day moving average price of $118.63 and a 200 day moving average price of $141.68. Hyatt Hotels Co. has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The firm has a market cap of $13.14 billion, a PE ratio of 10.98 and a beta of 1.36. 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 quarterly earnings data on Thursday, May 1st. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.16. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period last year, the company posted $0.71 EPS. Sell-side analysts anticipate that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.44%. Hyatt Hotels’s payout ratio is currently 7.79%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on H shares. Barclays increased their target price on shares of Hyatt Hotels from $122.00 to $127.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. The Goldman Sachs Group increased their price objective on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a “sell” rating in a research note on Friday, May 2nd. Evercore ISI lowered their target price on shares of Hyatt Hotels from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company cut their price target on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, StockNews.com downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and an average target price of $151.17.

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.