Crossmark Global Holdings Inc. Has $596,000 Position in Hyatt Hotels Co. (NYSE:H)

Crossmark Global Holdings Inc. increased its stake in shares of Hyatt Hotels Co. (NYSE:H) by 18.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,917 shares of the company’s stock after purchasing an additional 622 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Hyatt Hotels were worth $596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. LRI Investments LLC acquired a new stake in shares of Hyatt Hotels during the first quarter valued at about $26,000. Summit Securities Group LLC acquired a new stake in Hyatt Hotels during the 2nd quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Hyatt Hotels during the 3rd quarter worth approximately $30,000. Blue Trust Inc. increased its position in Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after acquiring an additional 213 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Hyatt Hotels by 1,107.1% during the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after acquiring an additional 310 shares during the last quarter. Institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $152.94 on Friday. The business has a 50-day simple moving average of $151.92 and a 200 day simple moving average of $149.19. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 11.53 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. Hyatt Hotels Co. has a one year low of $112.04 and a one year high of $162.24.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm earned $0.70 earnings per share. On average, research analysts anticipate that Hyatt Hotels Co. will post 3.85 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

Insider Transactions at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the 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 completion of the sale, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. This represents a 7.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 23.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

H has been the topic of several analyst reports. Mizuho reduced their price objective on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Sanford C. Bernstein reduced their price target on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Company lowered their price objective on Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. HSBC cut Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a report on Friday, November 1st. Finally, Morgan Stanley dropped their price target on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $151.57.

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.