Kensington Investment Counsel LLC Boosts Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Kensington Investment Counsel LLC boosted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,604 shares of the company’s stock after purchasing an additional 95 shares during the period. Kensington Investment Counsel LLC’s holdings in Hyatt Hotels were worth $2,136,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of H. Versant Capital Management Inc increased its position in shares of Hyatt Hotels by 583.3% in the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after acquiring an additional 175 shares in the last quarter. UMB Bank n.a. increased its position in shares of Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after acquiring an additional 104 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of Hyatt Hotels in the third quarter worth $51,000. Venturi Wealth Management LLC increased its position in shares of Hyatt Hotels by 750.0% in the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after acquiring an additional 300 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of 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 acquiring an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on H shares. Barclays dropped their price objective on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Jefferies Financial Group raised their price target on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Truist Financial raised their price target on shares of Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. The Goldman Sachs Group lowered their price target on shares of Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, Stifel Nicolaus raised their price target on shares of Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and an average target price of $162.24.

Hyatt Hotels Trading Up 3.6 %

Shares of NYSE:H opened at $126.59 on Tuesday. The company has a market cap of $12.17 billion, a PE ratio of 10.18 and a beta of 1.51. The company’s 50-day moving average price is $147.74 and its 200 day moving average price is $151.78. Hyatt Hotels Co. has a fifty-two week low of $119.30 and a fifty-two week high of $168.20. 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 announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.22). The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period in the prior year, the firm earned $0.64 EPS. Sell-side analysts anticipate that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s dividend payout ratio is currently 4.82%.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the transaction, the director now directly owns 37,927 shares in the company, valued at $5,377,290.06. This represents a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 23.50% of the company’s stock.

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.