Cullen Frost Bankers Inc. Acquires Shares of 35,495 Hyatt Hotels Co. (NYSE:H)

Cullen Frost Bankers Inc. purchased a new position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,495 shares of the company's stock, valued at approximately $4,629,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in shares of Hyatt Hotels during the 4th quarter valued at approximately $1,472,000. Whittier Trust Co. grew its holdings in Hyatt Hotels by 2.6% in the fourth quarter. Whittier Trust Co. now owns 49,812 shares of the company's stock valued at $6,496,000 after purchasing an additional 1,260 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Hyatt Hotels by 0.5% in the third quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company's stock valued at $239,367,000 after buying an additional 11,041 shares in the last quarter. State of Michigan Retirement System purchased a new stake in shares of Hyatt Hotels in the 4th quarter worth about $1,382,000. Finally, Gulf International Bank UK Ltd grew its stake in Hyatt Hotels by 8,771.9% in the 4th quarter. Gulf International Bank UK Ltd now owns 5,057 shares of the company's stock valued at $659,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 71.02% of the company's stock.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 75,457 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total value of $11,957,670.79. Following the sale, the insider now directly owns 459,000 shares in the company, valued at approximately $72,737,730. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 75,457 shares of the firm's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the transaction, the insider now owns 459,000 shares of the company's stock, valued at approximately $72,737,730. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joan Bottarini sold 10,695 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the completion of the sale, the insider now directly owns 16,104 shares of the company's stock, valued at $2,398,207.68. The disclosure for this sale can be found here. Insiders sold 2,084,248 shares of company stock valued at $326,572,489 in the last ninety days. Company insiders own 23.50% of the company's stock.

Wall Street Analyst Weigh In

H has been the topic of several analyst reports. Barclays decreased their price target on shares of Hyatt Hotels from $156.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 19th. Evercore ISI reiterated an "in-line" rating and set a $135.00 target price on shares of Hyatt Hotels in a research report on Monday, February 5th. Mizuho dropped their price objective on shares of Hyatt Hotels from $197.00 to $195.00 and set a "buy" rating for the company in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. increased their price objective on shares of Hyatt Hotels from $162.00 to $172.00 and gave the stock an "overweight" rating in a report on Friday, March 1st. Finally, Stifel Nicolaus boosted their target price on shares of Hyatt Hotels from $146.00 to $154.00 and gave the company a "hold" rating in a report on Thursday, April 11th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $143.19.

Hyatt Hotels Stock Performance

Shares of NYSE H traded up $4.41 during trading on Thursday, reaching $152.23. The stock had a trading volume of 1,475,721 shares, compared to its average volume of 669,037. The firm's 50 day moving average price is $154.47 and its two-hundred day moving average price is $134.38. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $161.50. The stock has a market cap of $15.40 billion, a PE ratio of 72.47, a P/E/G ratio of 21.47 and a beta of 1.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.60.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm earned $2.55 EPS. On average, research analysts forecast that Hyatt Hotels Co. will post 3.24 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.39%. Hyatt Hotels's dividend payout ratio is presently 29.41%.

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.