Cullen Frost Bankers Inc. Boosts Stake in Hyatt Hotels Co. (NYSE:H)

Cullen Frost Bankers Inc. increased its stake in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,088 shares of the company's stock after purchasing an additional 8,510 shares during the quarter. Cullen Frost Bankers Inc. owned approximately 0.07% of Hyatt Hotels worth $10,845,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc increased its position in Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company's stock valued at $32,000 after buying an additional 175 shares in the last quarter. UMB Bank n.a. increased its position in Hyatt Hotels by 99.0% during the 4th quarter. UMB Bank n.a. now owns 209 shares of the company's stock valued at $33,000 after buying an additional 104 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in Hyatt Hotels during the 3rd quarter valued at about $51,000. Venturi Wealth Management LLC grew its holdings in Hyatt Hotels by 750.0% during 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 during the period. Finally, Fifth Third Bancorp grew its holdings in Hyatt Hotels by 31.9% during the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company's stock worth $73,000 after acquiring an additional 113 shares during the period. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the sale, the director now directly owns 37,927 shares of the company's stock, valued at $5,377,290.06. The trade was a 4.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 23.50% of the stock is owned by company insiders.

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Hyatt Hotels Trading Down 0.9 %

H stock traded down $1.17 during midday trading on Friday, hitting $135.86. 1,256,792 shares of the company's stock were exchanged, compared to its average volume of 708,095. The business has a 50-day simple moving average of $151.47 and a two-hundred day simple moving average of $152.71. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $13.06 billion, a PE ratio of 10.92 and a beta of 1.51. Hyatt Hotels Co. has a 1-year low of $128.91 and a 1-year high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.22). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, sell-side analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, February 28th. Hyatt Hotels's dividend payout ratio (DPR) is 4.82%.

Analyst Ratings Changes

H has been the topic of several analyst reports. Morgan Stanley dropped their target price on Hyatt Hotels from $157.00 to $144.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 4th. Wells Fargo & Company lowered their price target on Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Jefferies Financial Group increased their price target on Hyatt Hotels from $150.00 to $176.00 and gave the stock a "hold" rating in a research report on Thursday, January 2nd. Robert W. Baird lowered their price target on Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Finally, Barclays lowered their price target on Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Hyatt Hotels has an average rating of "Hold" and a consensus price target of $162.24.

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.