Hyatt Hotels Co. (NYSE:H) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in Hyatt Hotels Co. (NYSE:H) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 123,645 shares of the company’s stock after selling 3,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Hyatt Hotels were worth $19,410,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bamco Inc. NY lifted its position in shares of Hyatt Hotels by 1.3% during the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after purchasing an additional 68,608 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Hyatt Hotels by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock worth $422,960,000 after buying an additional 46,413 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Hyatt Hotels by 3.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock worth $267,192,000 after buying an additional 56,082 shares in the last quarter. State Street Corp lifted its holdings in Hyatt Hotels by 0.4% during the 3rd quarter. State Street Corp now owns 1,441,148 shares of the company’s stock worth $219,343,000 after buying an additional 6,007 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Hyatt Hotels by 1.0% in the third 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 in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 23.50% of the stock is currently owned by insiders.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $140.20 on Friday. The stock has a market cap of $13.48 billion, a P/E ratio of 11.27 and a beta of 1.48. Hyatt Hotels Co. has a twelve month low of $128.91 and a twelve month high of $168.20. The stock has a 50 day moving average of $155.26 and a two-hundred day moving average of $152.63. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.63 billion. During the same quarter last year, the company earned $0.64 EPS. On average, research analysts forecast that Hyatt Hotels Co. will post 3.05 earnings per share for the current 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.43%. Hyatt Hotels’s dividend payout ratio is presently 4.82%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley reduced their price target on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Barclays reduced their target price on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Macquarie reduced their target price on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Finally, Robert W. Baird reduced their price objective on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels has an average rating of “Hold” and a consensus target price of $162.29.

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.