New York State Common Retirement Fund Sells 37,644 Shares of Hyatt Hotels Corporation (NYSE:H)

New York State Common Retirement Fund cut its position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 30.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 86,001 shares of the company's stock after selling 37,644 shares during the quarter. New York State Common Retirement Fund owned 0.09% of Hyatt Hotels worth $10,535,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of H. Invesco Ltd. grew its position in Hyatt Hotels by 241.4% during the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company's stock worth $106,677,000 after acquiring an additional 480,523 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Hyatt Hotels by 16.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock valued at $384,132,000 after buying an additional 441,417 shares in the last quarter. Norges Bank bought a new position in Hyatt Hotels during the 4th quarter worth about $61,572,000. Alyeska Investment Group L.P. acquired a new stake in Hyatt Hotels in the 4th quarter valued at about $43,953,000. Finally, Deutsche Bank AG lifted its stake in Hyatt Hotels by 209.8% in the 4th quarter. Deutsche Bank AG now owns 255,563 shares of the company's stock valued at $40,118,000 after purchasing an additional 173,075 shares during the last quarter. 73.54% of the stock is owned by institutional investors.

Insider Activity

In other news, insider David Udell sold 3,891 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $134.03, for a total value of $521,510.73. Following the completion of the transaction, the insider owned 16,756 shares of the company's stock, valued at approximately $2,245,806.68. This trade represents a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $135.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director directly owned 37,825 shares in the company, valued at $5,106,375. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 371,111 shares of company stock valued at $49,273,516 in the last three months. Corporate insiders own 23.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on H. Barclays boosted their target price on shares of Hyatt Hotels from $122.00 to $127.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Jefferies Financial Group dropped their target price on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus dropped their target price on shares of Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Melius Research upgraded shares of Hyatt Hotels to a "strong-buy" rating in a report on Monday, April 21st. Finally, Robert W. Baird upped their price objective on shares of Hyatt Hotels from $146.00 to $148.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Hyatt Hotels has an average rating of "Moderate Buy" and an average price target of $150.63.

Hyatt Hotels Stock Up 0.3%

NYSE H traded up $0.45 during trading hours on Friday, hitting $147.86. The company's stock had a trading volume of 586,458 shares, compared to its average volume of 774,182. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20. The company's 50-day simple moving average is $137.25 and its two-hundred day simple moving average is $135.48. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $14.11 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 4.89 and a beta of 1.42.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.16. The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.71 billion. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. During the same quarter in the previous year, the company earned $0.71 earnings per share. Research analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.41%. The ex-dividend date was Thursday, May 29th. Hyatt Hotels's dividend payout ratio is presently 7.79%.

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.