Hyatt Hotels Co. (NYSE:H) Shares Sold by Providence First Trust Co

Providence First Trust Co cut its stake in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 67.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 887 shares of the company's stock after selling 1,839 shares during the quarter. Providence First Trust Co's holdings in Hyatt Hotels were worth $139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its stake in Hyatt Hotels by 0.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company's stock valued at $2,365,000 after acquiring an additional 66 shares during the period. UMB Bank n.a. raised its holdings in shares of Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company's stock worth $33,000 after purchasing an additional 104 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Hyatt Hotels by 21.6% during the third quarter. Nisa Investment Advisors LLC now owns 620 shares of the company's stock valued at $94,000 after purchasing an additional 110 shares during the period. Fifth Third Bancorp boosted its holdings in Hyatt Hotels by 31.9% in the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company's stock valued at $73,000 after purchasing an additional 113 shares during the last quarter. Finally, US Bancorp DE grew its position in Hyatt Hotels by 3.7% during the 4th quarter. US Bancorp DE now owns 3,311 shares of the company's stock worth $520,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 73.54% of the company's stock.

Hyatt Hotels Price Performance

Shares of NYSE:H traded up $2.80 during trading on Wednesday, reaching $140.05. The stock had a trading volume of 583,524 shares, compared to its average volume of 697,329. The business has a fifty day moving average price of $152.75 and a 200-day moving average price of $152.87. Hyatt Hotels Co. has a 1-year low of $128.91 and a 1-year high of $168.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $13.47 billion, a PE ratio of 11.26 and a beta of 1.51.

Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.22). The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations 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 previous year, the company earned $0.64 EPS. On average, equities analysts forecast that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, February 28th. Hyatt Hotels's dividend payout ratio (DPR) is 4.82%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on Hyatt Hotels from $150.00 to $176.00 and gave the company a "hold" rating in a report on Thursday, January 2nd. The Goldman Sachs Group boosted their price target on Hyatt Hotels from $151.00 to $167.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. StockNews.com lowered shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Truist Financial boosted their target price on shares of Hyatt Hotels from $158.00 to $163.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company dropped their price target on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. One equities 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $163.13.

Insider Transactions at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, the director now owns 37,927 shares of the company's stock, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 23.50% of the company's stock.

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.