State of Alaska Department of Revenue Buys 6,170 Shares of Hyatt Hotels Corporation (NYSE:H)

State of Alaska Department of Revenue grew its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 127.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,995 shares of the company's stock after acquiring an additional 6,170 shares during the period. State of Alaska Department of Revenue's holdings in Hyatt Hotels were worth $1,346,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Bernard Wealth Management Corp. bought a new stake in Hyatt Hotels in the 4th quarter valued at $26,000. Venturi Wealth Management LLC boosted its stake in shares of Hyatt Hotels by 750.0% during the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock worth $53,000 after purchasing an additional 300 shares during the period. UMB Bank n.a. boosted its stake in shares of Hyatt Hotels by 138.8% during the 1st quarter. UMB Bank n.a. now owns 499 shares of the company's stock worth $61,000 after purchasing an additional 290 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Hyatt Hotels during the 4th quarter worth about $88,000. Finally, CIBC Asset Management Inc purchased a new stake in Hyatt Hotels in the 4th quarter valued at about $217,000. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $136.15 on Wednesday. The firm has a market capitalization of $13.00 billion, a P/E ratio of 17.68, a PEG ratio of 4.36 and a beta of 1.42. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20. The company's fifty day moving average is $126.15 and its two-hundred day moving average is $136.88. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98.

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

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Thursday, May 29th were issued a $0.15 dividend. The ex-dividend date was Thursday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.44%. Hyatt Hotels's payout ratio is 7.79%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, major shareholder Hotels Corp Hyatt acquired 996,587 shares of the firm's stock in a transaction on Friday, June 13th. The stock was purchased at an average price of $13.50 per share, with a total value of $13,453,924.50. Following the completion of the acquisition, the insider now directly owns 117,077,441 shares in the company, valued at $1,580,545,453.50. This trade represents a 0.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 1,000 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $132.70, for a total value of $132,700.00. Following the completion of the sale, the director now owns 498 shares in the company, valued at $66,084.60. The trade was a 66.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 371,111 shares of company stock worth $49,273,516. Company insiders own 23.70% of the company's stock.

Analyst Ratings Changes

H has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on shares of Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Evercore ISI dropped their target price on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group dropped their price objective 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. Barclays upped their price objective on shares of Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, Truist Financial lowered their price target on shares of Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $149.72.

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.

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