Allstate Corp Takes Position in Hyatt Hotels Co. (NYSE:H)

Allstate Corp bought a new position in Hyatt Hotels Co. (NYSE:H) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,409 shares of the company’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake 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 during the period. UMB Bank n.a. boosted its holdings in Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. iA Global Asset Management Inc. acquired a new stake in Hyatt Hotels during the 3rd quarter worth about $51,000. Venturi Wealth Management LLC raised its stake in shares of Hyatt Hotels by 750.0% during the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after buying an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Hyatt Hotels by 31.9% in the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after buying an additional 113 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Activity

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 shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark R. Vondrasek sold 10,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the sale, the insider now directly owns 9,337 shares of the company’s stock, valued at approximately $1,090,561.60. This trade represents a 51.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,600 shares of company stock worth $1,517,798 over the last ninety days. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Up 2.6 %

NYSE H opened at $124.93 on Thursday. The business has a fifty day moving average price of $140.44 and a 200 day moving average price of $149.78. 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 company has a market cap of $12.01 billion, a P/E ratio of 10.04 and a beta of 1.51. Hyatt Hotels Co. has a one year low of $116.13 and a one year high of $168.20.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 19.50% and a return on equity of 9.81%. During the same quarter last year, the company earned $0.64 earnings per share. Research analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders 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 0.48%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s dividend payout ratio is currently 4.82%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Morgan Stanley cut their target price on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a report on Tuesday, March 4th. Susquehanna increased their price target on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Evercore ISI upgraded shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price target on the stock in a research report on Wednesday, March 5th. Finally, Macquarie decreased their price objective on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $161.97.

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.