Cullen Frost Bankers Inc. Purchases Shares of 35,495 Hyatt Hotels Co. (NYSE:H)

Cullen Frost Bankers Inc. acquired a new position in Hyatt Hotels Co. (NYSE:H) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 35,495 shares of the company’s stock, valued at approximately $4,629,000.

Several other institutional investors have also recently made changes to their positions in H. GAMMA Investing LLC purchased a new stake in Hyatt Hotels in the 4th quarter worth $59,000. Banque Cantonale Vaudoise bought a new stake in Hyatt Hotels in the 3rd quarter worth approximately $83,000. SG Americas Securities LLC purchased a new stake in shares of Hyatt Hotels during the 3rd quarter worth approximately $157,000. Gilbert & Cook Inc. boosted its position in shares of Hyatt Hotels by 10.6% during the 3rd quarter. Gilbert & Cook Inc. now owns 1,934 shares of the company’s stock valued at $205,000 after acquiring an additional 185 shares during the last quarter. Finally, HMS Capital Management LLC purchased a new position in shares of Hyatt Hotels in the fourth quarter valued at $217,000. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Insider Activity

In other Hyatt Hotels news, insider Traubert Foundation Pritzker sold 704,229 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total transaction of $111,247,055.13. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Mark Samuel Hoplamazian sold 75,457 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the transaction, the insider now directly owns 459,000 shares of the company’s stock, valued at $72,737,730. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Traubert Foundation Pritzker sold 704,229 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total value of $111,247,055.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,084,248 shares of company stock worth $326,572,489. 23.50% of the stock is currently owned by corporate insiders.

Hyatt Hotels Price Performance

Shares of H stock opened at $147.84 on Thursday. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $161.50. The company has a market capitalization of $14.96 billion, a P/E ratio of 72.47, a P/E/G ratio of 21.47 and a beta of 1.49. The company’s 50-day simple moving average is $154.47 and its two-hundred day simple moving average is $134.38. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59.

Hyatt Hotels (NYSE:H) last issued its earnings results on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.26. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. During the same period in the prior year, the business earned $2.55 EPS. As a group, equities analysts anticipate that Hyatt Hotels Co. will post 3.24 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Tuesday, February 27th. Hyatt Hotels’s dividend payout ratio (DPR) is 29.41%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on H shares. Redburn Atlantic cut shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $120.00 to $130.00 in a research note on Tuesday, January 16th. Barclays reduced their price objective on Hyatt Hotels from $156.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, April 19th. JPMorgan Chase & Co. raised their price objective on Hyatt Hotels from $162.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. StockNews.com upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Monday. Finally, Robert W. Baird raised their price target on Hyatt Hotels from $116.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $143.19.

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.