Cullen Frost Bankers Inc. Has $10.85 Million Stock Position in Hyatt Hotels Co. (NYSE:H)

Cullen Frost Bankers Inc. lifted its position in shares of Hyatt Hotels Co. (NYSE:H) by 14.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 69,088 shares of the company’s stock after purchasing an additional 8,510 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Hyatt Hotels were worth $10,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System lifted its position in Hyatt Hotels by 0.9% in the fourth quarter. Arizona State Retirement System now owns 13,050 shares of the company’s stock worth $2,049,000 after purchasing an additional 110 shares during the period. Aigen Investment Management LP raised its stake in shares of Hyatt Hotels by 15.6% in the 4th quarter. Aigen Investment Management LP now owns 4,715 shares of the company’s stock valued at $740,000 after buying an additional 637 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Hyatt Hotels during the 4th quarter worth about $7,072,000. Assetmark Inc. boosted its position in shares of Hyatt Hotels by 29.5% during the 4th quarter. Assetmark Inc. now owns 63,525 shares of the company’s stock valued at $9,972,000 after acquiring an additional 14,484 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Hyatt Hotels in the fourth quarter valued at about $88,000. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Stock Performance

H stock opened at $136.82 on Friday. The company has a 50 day moving average price of $152.38 and a 200 day moving average price of $152.78. Hyatt Hotels Co. has a fifty-two week low of $128.91 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $13.16 billion, a PE ratio of 11.00 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.22). The firm had revenue of $1.60 billion for 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 last year, the company earned $0.64 EPS. Analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 28th. Hyatt Hotels’s dividend payout ratio is 4.82%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

H has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. The Goldman Sachs Group cut their target price on Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating for the company in a research report on Thursday. Macquarie lowered their price target on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Susquehanna lifted their price objective on Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Finally, Truist Financial upped their target price on shares of Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $162.24.

About Hyatt Hotels

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.