Cibc World Markets Corp Has $319,000 Holdings in Hyatt Hotels Co. (NYSE:H)

Cibc World Markets Corp decreased its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 22.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,033 shares of the company’s stock after selling 599 shares during the period. Cibc World Markets Corp’s holdings in Hyatt Hotels were worth $319,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of H. SouthState Corp lifted its stake in Hyatt Hotels by 1.5% in the fourth quarter. SouthState Corp now owns 27,491 shares of the company’s stock valued at $4,316,000 after buying an additional 399 shares during the period. Twin Tree Management LP increased its stake in shares of Hyatt Hotels by 39.3% in the 4th quarter. Twin Tree Management LP now owns 10,716 shares of the company’s stock valued at $1,682,000 after acquiring an additional 3,021 shares during the last quarter. Natixis Advisors LLC boosted its stake in Hyatt Hotels by 6.3% during the 4th quarter. Natixis Advisors LLC now owns 14,863 shares of the company’s stock worth $2,333,000 after acquiring an additional 881 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in Hyatt Hotels by 21.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,322 shares of the company’s stock valued at $1,949,000 after purchasing an additional 2,185 shares during the period. Finally, Wealthfront Advisers LLC bought a new stake in Hyatt Hotels in the fourth quarter valued at approximately $8,269,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on H shares. Robert W. Baird decreased their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Barclays decreased their target price on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Truist Financial dropped their price target on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a research report on Friday. Stifel Nicolaus boosted their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Finally, Mizuho dropped their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $161.97.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the transaction, the insider now directly owns 811 shares of the company’s stock, valued at $99,712.45. This represents a 55.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the business’s stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,600 shares of company stock worth $1,517,798. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of NYSE H opened at $123.87 on Tuesday. The stock has a market capitalization of $11.91 billion, a PE ratio of 9.96 and a beta of 1.51. Hyatt Hotels Co. has a 52 week low of $116.13 and a 52 week high of $168.20. The stock has a 50 day moving average price of $144.85 and a 200 day moving average price of $150.86. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). The company 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 company posted $0.64 EPS. Analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.48%. Hyatt Hotels’s dividend payout ratio is presently 4.82%.

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.