Sumitomo Mitsui DS Asset Management Company Ltd Sells 3,624 Shares of Hyatt Hotels Co. (NYSE:H)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 22.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,342 shares of the company’s stock after selling 3,624 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Hyatt Hotels were worth $1,610,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Greenleaf Trust bought a new stake in shares of Hyatt Hotels during the fourth quarter worth $220,000. Xponance Inc. acquired a new position in shares of Hyatt Hotels during the fourth quarter valued at $702,000. Flynn Zito Capital Management LLC acquired a new position in shares of Hyatt Hotels during the fourth quarter valued at $247,000. Federated Hermes Inc. acquired a new position in shares of Hyatt Hotels during the fourth quarter valued at $529,000. Finally, Cookson Peirce & Co. Inc. lifted its stake in shares of Hyatt Hotels by 16.9% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 2,578 shares of the company’s stock valued at $336,000 after acquiring an additional 372 shares during the period. Institutional investors own 71.02% of the company’s stock.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Traubert Foundation Pritzker sold 704,229 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total value of $111,247,055.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Hyatt Hotels news, insider Traubert Foundation Pritzker sold 704,229 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total value of $111,247,055.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The disclosure for this sale can be found here. Insiders sold a total of 2,077,803 shares of company stock worth $325,526,849 over the last ninety days. 23.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on Hyatt Hotels from $146.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, April 11th. Robert W. Baird increased their target price on Hyatt Hotels from $116.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Royal Bank of Canada increased their target price on Hyatt Hotels from $37.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Mizuho cut their target price on Hyatt Hotels from $197.00 to $195.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Jefferies Financial Group increased their target price on Hyatt Hotels from $104.00 to $127.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels presently has an average rating of “Hold” and an average target price of $141.88.

Hyatt Hotels Stock Up 1.3 %

NYSE:H opened at $151.80 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.60. The company has a market cap of $15.36 billion, a PE ratio of 74.41, a PEG ratio of 21.37 and a beta of 1.49. Hyatt Hotels Co. has a 52-week low of $96.77 and a 52-week high of $161.50. The stock has a 50-day simple moving average of $152.51 and a 200 day simple moving average of $131.28.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.56 billion. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. During the same period last year, the company earned $2.55 earnings per share. On average, sell-side analysts expect that Hyatt Hotels Co. will post 3.24 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Wednesday, February 28th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. Hyatt Hotels’s dividend payout ratio is 29.41%.

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.