Cullen Frost Bankers Inc. Raises Holdings in Hyatt Hotels Corporation $H

Cullen Frost Bankers Inc. raised its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,342 shares of the company’s stock after purchasing an additional 2,164 shares during the period. Cullen Frost Bankers Inc. owned approximately 0.08% of Hyatt Hotels worth $10,522,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Long Pond Capital LP purchased a new position in shares of Hyatt Hotels in the 1st quarter worth $191,922,000. Principal Financial Group Inc. boosted its stake in shares of Hyatt Hotels by 16.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company’s stock worth $384,132,000 after buying an additional 441,417 shares during the last quarter. Nuveen LLC purchased a new position in shares of Hyatt Hotels in the 1st quarter worth $36,229,000. Senator Investment Group LP purchased a new position in shares of Hyatt Hotels in the 1st quarter worth $24,500,000. Finally, Bank of Nova Scotia boosted its stake in shares of Hyatt Hotels by 9.3% in the 1st quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company’s stock worth $229,987,000 after buying an additional 160,461 shares during the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Raymond James Financial upgraded Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 price target on the stock in a research note on Tuesday, July 1st. Morgan Stanley upgraded Hyatt Hotels from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $147.00 to $168.00 in a research note on Wednesday. Robert W. Baird raised their target price on Hyatt Hotels from $150.00 to $154.00 and gave the stock a “neutral” rating in a report on Tuesday. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and raised their target price for the stock from $138.00 to $167.00 in a report on Tuesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a “hold” rating to a “buy” rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.76.

Hyatt Hotels Price Performance

NYSE:H opened at $152.21 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45. The business’s 50-day simple moving average is $143.66 and its two-hundred day simple moving average is $135.66. The stock has a market cap of $14.53 billion, a PE ratio of 36.15, a P/E/G ratio of 2.35 and a beta of 1.41. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.During the same period last year, the firm earned $1.53 earnings per share. As a group, analysts forecast that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 14.25%.

Insider Buying and Selling

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the sale, the insider directly owned 16,756 shares of the company’s stock, valued at $2,429,620. This trade represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.70% of the stock is currently owned by corporate insiders.

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.