Icon Wealth Advisors LLC Raises Holdings in Hyatt Hotels Co. (NYSE:H)

Icon Wealth Advisors LLC boosted its stake in Hyatt Hotels Co. (NYSE:H) by 17,641.6% during the third quarter, Holdings Channel.com reports. The firm owned 131,465 shares of the company’s stock after buying an additional 130,724 shares during the period. Hyatt Hotels accounts for about 0.8% of Icon Wealth Advisors LLC’s portfolio, making the stock its 16th largest position. Icon Wealth Advisors LLC’s holdings in Hyatt Hotels were worth $20,009,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. LRI Investments LLC bought a new stake in Hyatt Hotels during the 1st quarter valued at $26,000. Summit Securities Group LLC purchased a new position in shares of Hyatt Hotels in the second quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Hyatt Hotels during the third quarter valued at about $30,000. Blue Trust Inc. boosted its holdings in shares of Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after purchasing an additional 213 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. This trade represents a 7.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 23.50% of the company’s stock.

Hyatt Hotels Trading Up 0.6 %

NYSE:H opened at $155.78 on Friday. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 11.74 and a beta of 1.50. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average price is $152.66 and its 200-day moving average price is $149.30. Hyatt Hotels Co. has a 52 week low of $112.85 and a 52 week high of $162.24.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the company earned $0.70 EPS. On average, equities research analysts forecast that Hyatt Hotels Co. will post 3.91 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s payout ratio is presently 4.52%.

Analyst Ratings Changes

Several research firms have weighed in on H. Truist Financial dropped their price objective on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a report on Friday, November 1st. HSBC lowered Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Cfra set a $155.00 target price on shares of Hyatt Hotels in a research report on Thursday, October 17th. Finally, StockNews.com upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Fifteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $151.57.

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.