Zurcher Kantonalbank Zurich Cantonalbank Buys 5,340 Shares of Hyatt Hotels Corporation $H

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 61.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,984 shares of the company’s stock after buying an additional 5,340 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hyatt Hotels were worth $2,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of H. Asset Management One Co. Ltd. lifted its holdings in Hyatt Hotels by 25.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 17,362 shares of the company’s stock worth $2,858,000 after buying an additional 3,523 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Hyatt Hotels by 3.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 32,287 shares of the company’s stock worth $5,412,000 after acquiring an additional 949 shares in the last quarter. LBP AM SA bought a new position in shares of Hyatt Hotels in the 4th quarter worth approximately $570,000. Farther Finance Advisors LLC lifted its stake in shares of Hyatt Hotels by 59.2% in the 4th quarter. Farther Finance Advisors LLC now owns 269 shares of the company’s stock valued at $43,000 after purchasing an additional 100 shares during the period. Finally, Third View Private Wealth LLC bought a new stake in shares of Hyatt Hotels during the fourth quarter valued at approximately $768,000. 73.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

H has been the subject of a number of research reports. Truist Financial increased their price objective on Hyatt Hotels from $168.00 to $181.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Barclays dropped their target price on shares of Hyatt Hotels from $200.00 to $197.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Mizuho lifted their price target on shares of Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Finally, Susquehanna boosted their price objective on shares of Hyatt Hotels from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $181.47.

Insider Transactions at Hyatt Hotels

In other news, insider Jnp 2010-Pg Trust sold 213,434 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the sale, the insider owned 213,434 shares in the company, valued at $35,803,553.50. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kinsey Wolf sold 400 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $147.28, for a total transaction of $58,912.00. Following the sale, the insider directly owned 545 shares of the company’s stock, valued at $80,267.60. This trade represents a 42.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 214,234 shares of company stock valued at $35,920,202. 23.60% of the stock is owned by company insiders.

Hyatt Hotels Stock Down 0.1%

Shares of NYSE:H opened at $164.10 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The stock has a fifty day simple moving average of $155.61 and a two-hundred day simple moving average of $157.07. Hyatt Hotels Corporation has a 12-month low of $108.24 and a 12-month high of $180.53. The stock has a market capitalization of $15.50 billion, a price-to-earnings ratio of -293.04, a PEG ratio of 1.97 and a beta of 1.28.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, February 12th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $1.04. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.During the same period in the prior year, the firm posted $0.42 earnings per share. On average, research analysts anticipate that Hyatt Hotels Corporation will post 3.13 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio is -107.14%.

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.