Sumitomo Mitsui Trust Group Inc. Lowers Position in Hyatt Hotels Corporation (NYSE:H)

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,318 shares of the company's stock after selling 2,749 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.08% of Hyatt Hotels worth $9,716,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bernard Wealth Management Corp. bought a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $26,000. 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 acquiring an additional 290 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Hyatt Hotels during the 4th quarter worth about $88,000. Allstate Corp bought a new stake in shares of Hyatt Hotels during the fourth quarter worth approximately $221,000. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of Hyatt Hotels by 120.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,518 shares of the company's stock valued at $238,000 after acquiring an additional 829 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Jnp 2010-Pg Trust sold 266,793 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $35,416,770.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Hotels Corp Hyatt purchased 996,587 shares of the business's stock in a transaction on Friday, June 13th. The shares were acquired at an average price of $13.50 per share, with a total value of $13,453,924.50. Following the completion of the transaction, the insider owned 117,077,441 shares of the company's stock, valued at approximately $1,580,545,453.50. This trade represents a 0.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 371,111 shares of company stock worth $49,273,516. 23.70% of the stock is owned by corporate insiders.

Hyatt Hotels Stock Performance

Shares of H traded down $1.90 during trading hours on Monday, hitting $145.57. The company's stock had a trading volume of 1,022,950 shares, compared to its average volume of 757,215. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 4.76 and a beta of 1.42. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day simple moving average of $132.28 and a two-hundred day simple moving average of $135.77. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.16. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates 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 firm earned $0.71 EPS. On average, equities analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on H shares. Robert W. Baird upped their price target on shares of Hyatt Hotels from $146.00 to $148.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Morgan Stanley dropped their price objective on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group raised their price objective on Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research report on Friday, May 2nd. Stifel Nicolaus lowered their target price on shares of Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Finally, Macquarie dropped their target price on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $150.63.

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.