Cullen Frost Bankers Inc. Has $13.50 Million Stock Position in Hyatt Hotels Corporation $H

Cullen Frost Bankers Inc. raised its stake in Hyatt Hotels Corporation (NYSE:H) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,223 shares of the company’s stock after purchasing an additional 5,203 shares during the period. Cullen Frost Bankers Inc. owned approximately 0.09% of Hyatt Hotels worth $13,503,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bamco Inc. NY lifted its stake in shares of Hyatt Hotels by 2.7% in the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after buying an additional 161,461 shares during the period. Principal Financial Group Inc. raised its holdings in Hyatt Hotels by 21.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after acquiring an additional 843,121 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Hyatt Hotels by 7.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,159,562 shares of the company’s stock worth $448,437,000 after acquiring an additional 211,112 shares during the period. Bank of America Corp DE increased its position in shares of Hyatt Hotels by 15.8% during the third quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after purchasing an additional 193,530 shares during the period. Finally, UBS Group AG increased its position in shares of Hyatt Hotels by 47.5% during the third quarter. UBS Group AG now owns 673,727 shares of the company’s stock valued at $95,622,000 after purchasing an additional 217,071 shares during the period. Institutional investors own 73.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Hyatt Hotels from $181.00 to $186.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Friday, March 27th. Citigroup lifted their price objective on Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Barclays upped their price target on Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Evercore reaffirmed an “in-line” rating and issued a $175.00 target price (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.07.

Insider Activity at Hyatt Hotels

In other news, insider Kinsey Wolf sold 400 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $147.28, for a total transaction of $58,912.00. Following the completion of the transaction, the insider directly owned 545 shares of the company’s stock, valued at $80,267.60. This represents a 42.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Udell sold 8,682 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $172.00, for a total transaction of $1,493,304.00. Following the transaction, the insider directly owned 13,338 shares of the company’s stock, valued at $2,294,136. This represents a 39.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 222,916 shares of company stock worth $37,413,506. 23.60% of the stock is owned by company insiders.

Hyatt Hotels Price Performance

Shares of H stock opened at $173.03 on Thursday. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of -494.36 and a beta of 1.33. Hyatt Hotels Corporation has a 12 month low of $124.82 and a 12 month high of $180.53. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average price of $156.65 and a 200 day moving average price of $159.23.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same quarter in the previous year, the company posted $0.46 EPS. Research analysts expect that Hyatt Hotels Corporation will post 3.46 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, May 29th. Hyatt Hotels’s payout ratio is -171.43%.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.