Mutual of America Capital Management LLC Takes $3.57 Million Position in Hyatt Hotels Co. (NYSE:H)

Mutual of America Capital Management LLC bought a new position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 27,342 shares of the company's stock, valued at approximately $3,566,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Hyatt Hotels by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,469,443 shares of the company's stock worth $361,847,000 after purchasing an additional 37,317 shares during the period. Principal Financial Group Inc. raised its stake in Hyatt Hotels by 0.5% in the third quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company's stock worth $239,367,000 after buying an additional 11,041 shares in the last quarter. Select Equity Group L.P. raised its stake in Hyatt Hotels by 196.2% in the first quarter. Select Equity Group L.P. now owns 2,206,791 shares of the company's stock worth $246,697,000 after buying an additional 1,461,693 shares in the last quarter. Morgan Stanley raised its stake in Hyatt Hotels by 1.1% in the third quarter. Morgan Stanley now owns 2,194,911 shares of the company's stock worth $232,836,000 after buying an additional 24,121 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Hyatt Hotels by 14.6% in the second quarter. BlackRock Inc. now owns 2,168,020 shares of the company's stock worth $248,412,000 after buying an additional 275,503 shares in the last quarter. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

Hyatt Hotels Price Performance

Hyatt Hotels stock traded down $1.09 during mid-day trading on Thursday, hitting $147.75. The stock had a trading volume of 428,029 shares, compared to its average volume of 684,891. The firm has a market capitalization of $14.95 billion, a P/E ratio of 72.43, a P/E/G ratio of 21.36 and a beta of 1.49. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. The firm's 50 day moving average is $150.99 and its 200 day moving average is $129.84. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $161.50.

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

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Tuesday, February 27th. Hyatt Hotels's dividend payout ratio is 29.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Evercore ISI reaffirmed an "in-line" rating and set a $135.00 target price on shares of Hyatt Hotels in a research note on Monday, February 5th. Stifel Nicolaus raised their price target on shares of Hyatt Hotels from $146.00 to $154.00 and gave the company a "hold" rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. raised their price target on shares of Hyatt Hotels from $162.00 to $172.00 and gave the company an "overweight" rating in a research report on Friday, March 1st. Mizuho assumed coverage on shares of Hyatt Hotels in a research report on Tuesday, March 26th. They set a "buy" rating and a $197.00 price target for the company. Finally, TD Cowen raised their price target on shares of Hyatt Hotels from $95.00 to $160.00 and gave the company a "market perform" rating in a research report on Thursday, March 21st. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Hyatt Hotels has a consensus rating of "Hold" and a consensus price target of $140.53.

Insider Activity

In related news, insider Joan Bottarini sold 4,250 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $128.72, for a total value of $547,060.00. Following the sale, the insider now directly owns 11,301 shares of the company's stock, valued at approximately $1,454,664.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hyatt Hotels news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Joan Bottarini sold 4,250 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $128.72, for a total transaction of $547,060.00. Following the completion of the transaction, the insider now owns 11,301 shares in the company, valued at $1,454,664.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,077,803 shares of company stock worth $325,526,849. 23.50% of the stock is currently owned by corporate insiders.

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.