Nicola Wealth Management LTD. Has $16.97 Million Position in Hyatt Hotels Corporation $H

Key Points

• Nicola Wealth Management LTD. increased its holdings in Hyatt Hotels Corporation by 18.9%, owning approximately 138,500 shares after acquiring an additional 22,000 shares in the first quarter.
• Hyatt Hotels received mixed ratings from analysts, with two analysts giving a Strong Buy rating and an average price target of $152.68, while other firms have downgraded their assessments.
• Hyatt Hotels declared a quarterly dividend of $0.15, with a current yield of 0.4%, reflecting a payout ratio of 14.25%.

Nicola Wealth Management LTD. grew its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 18.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 138,500 shares of the company's stock after acquiring an additional 22,000 shares during the period. Hyatt Hotels comprises about 1.7% of Nicola Wealth Management LTD.'s portfolio, making the stock its 21st largest holding. Nicola Wealth Management LTD. owned 0.15% of Hyatt Hotels worth $16,966,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bernard Wealth Management Corp. acquired a new stake in shares of Hyatt Hotels during the 4th quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Hyatt Hotels during the 1st quarter valued at $31,000. UMB Bank n.a. lifted its position in shares of Hyatt Hotels by 138.8% during the 1st quarter. UMB Bank n.a. now owns 499 shares of the company's stock valued at $61,000 after acquiring an additional 290 shares during the last quarter. Harold Davidson & Associates Inc. acquired a new stake in shares of Hyatt Hotels during the 1st quarter valued at $203,000. Finally, Flynn Zito Capital Management LLC lifted its position in shares of Hyatt Hotels by 13.2% during the 1st quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock valued at $234,000 after acquiring an additional 223 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on H. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Citigroup upgraded Hyatt Hotels from a "neutral" rating to a "buy" rating and increased their target price for the company from $138.00 to $167.00 in a report on Tuesday, September 9th. Barclays reduced their target price on Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. Robert W. Baird increased their target price on Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Truist Financial increased their target price on Hyatt Hotels from $140.00 to $159.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Hyatt Hotels currently has an average rating of "Moderate Buy" and a consensus price target of $152.68.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Cary D. Mcmillan sold 1,000 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $132.70, for a total transaction of $132,700.00. Following the transaction, the director directly owned 498 shares of the company's stock, valued at $66,084.60. This represents a 66.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David Udell sold 4,051 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the transaction, the insider directly owned 16,756 shares in the company, valued at $2,429,620. The trade was a 19.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 23.70% of the company's stock.

Hyatt Hotels Stock Down 1.5%

Shares of NYSE:H traded down $2.26 during midday trading on Friday, hitting $143.56. 789,705 shares of the stock were exchanged, compared to its average volume of 793,472. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.20. The business's fifty day simple moving average is $143.77 and its two-hundred day simple moving average is $132.32. The company has a market capitalization of $13.71 billion, a PE ratio of 34.10, a P/E/G ratio of 2.26 and a beta of 1.43.

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

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Hyatt Hotels's dividend payout ratio is presently 14.25%.

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.