Nicola Wealth Management LTD. Has $18.29 Million Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Nicola Wealth Management LTD. trimmed its stake in shares of Hyatt Hotels Co. (NYSE:H) by 9.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 116,500 shares of the company’s stock after selling 12,000 shares during the quarter. Hyatt Hotels comprises approximately 1.9% of Nicola Wealth Management LTD.’s investment portfolio, making the stock its 18th biggest position. Nicola Wealth Management LTD.’s holdings in Hyatt Hotels were worth $18,288,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bamco Inc. NY increased its position in Hyatt Hotels by 1.3% in the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after acquiring an additional 68,608 shares during the period. Principal Financial Group Inc. increased its position in Hyatt Hotels by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock valued at $422,960,000 after acquiring an additional 46,413 shares during the period. Wellington Management Group LLP increased its position in Hyatt Hotels by 3.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after acquiring an additional 56,082 shares during the period. State Street Corp increased its position in Hyatt Hotels by 0.4% in the 3rd quarter. State Street Corp now owns 1,441,148 shares of the company’s stock valued at $219,343,000 after acquiring an additional 6,007 shares during the period. Finally, Geode Capital Management LLC increased its position in Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after acquiring an additional 7,440 shares during the period. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Susquehanna upped their price target on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. upped their price target on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Robert W. Baird decreased their price objective on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Mizuho decreased their price objective on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Finally, Stifel Nicolaus increased their price objective on shares of Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $162.55.

Hyatt Hotels Stock Down 0.7 %

Shares of NYSE H opened at $139.96 on Tuesday. The firm has a market cap of $13.46 billion, a PE ratio of 11.25 and a beta of 1.48. Hyatt Hotels Co. has a 12-month low of $128.91 and a 12-month high of $168.20. The company’s fifty day simple moving average is $153.17 and its 200 day simple moving average is $152.91. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the business posted $0.64 earnings per share. As a group, sell-side analysts forecast that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is 4.82%.

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.