Crossmark Global Holdings Inc. Sells 295 Shares of Hyatt Hotels Co. (NYSE:H)

Crossmark Global Holdings Inc. cut its position in Hyatt Hotels Co. (NYSE:H) by 8.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,295 shares of the company’s stock after selling 295 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Hyatt Hotels were worth $501,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of H. Principal Financial Group Inc. grew its holdings in Hyatt Hotels by 6.5% in the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after purchasing an additional 162,562 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Hyatt Hotels by 4.2% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 26,680 shares of the company’s stock worth $4,053,000 after buying an additional 1,068 shares during the last quarter. Whittier Trust Co. increased its position in Hyatt Hotels by 5.0% during the 2nd quarter. Whittier Trust Co. now owns 54,409 shares of the company’s stock valued at $8,266,000 after buying an additional 2,605 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Hyatt Hotels in the second quarter valued at about $30,000. Finally, GAM Holding AG acquired a new stake in Hyatt Hotels in the second quarter worth about $11,212,000. 71.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on H shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Truist Financial decreased their price target on shares of Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating for the company in a report on Monday, August 12th. Morgan Stanley dropped their price objective on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Finally, Mizuho cut their price objective on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and an average target price of $148.50.

Hyatt Hotels Stock Performance

H opened at $151.92 on Tuesday. The stock has a market cap of $15.24 billion, a P/E ratio of 23.59 and a beta of 1.51. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a fifty day moving average price of $147.11 and a 200 day moving average price of $149.61. Hyatt Hotels Co. has a 1 year low of $96.77 and a 1 year high of $162.24.

Hyatt Hotels (NYSE:H) last posted its earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the company posted $0.82 EPS. Equities research analysts anticipate that Hyatt Hotels Co. will post 3.97 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Tuesday, August 27th. Hyatt Hotels’s payout ratio is currently 9.32%.

Insider Activity

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the transaction, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Samuel Hoplamazian sold 51,388 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at $93,389,982.12. The disclosure for this sale can be found here. Insiders sold 96,796 shares of company stock worth $14,424,763 over the last three months. 23.50% of the stock is currently owned by corporate insiders.

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.