New York State Common Retirement Fund Lowers Stock Position in Hyatt Hotels Co. (NYSE:H)

New York State Common Retirement Fund lowered its holdings in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,377 shares of the company's stock after selling 5,654 shares during the quarter. New York State Common Retirement Fund owned about 0.19% of Hyatt Hotels worth $25,479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of H. New York State Teachers Retirement System bought a new position in Hyatt Hotels in the 4th quarter worth $1,472,000. Whittier Trust Co. grew its position in Hyatt Hotels by 2.6% in the 4th quarter. Whittier Trust Co. now owns 49,812 shares of the company's stock worth $6,496,000 after purchasing an additional 1,260 shares during the last quarter. Principal Financial Group Inc. grew its position in Hyatt Hotels by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company's stock worth $239,367,000 after purchasing an additional 11,041 shares during the last quarter. State of Michigan Retirement System acquired a new stake in Hyatt Hotels in the 4th quarter worth $1,382,000. Finally, Gulf International Bank UK Ltd grew its position in Hyatt Hotels by 8,771.9% in the 4th quarter. Gulf International Bank UK Ltd now owns 5,057 shares of the company's stock worth $659,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 71.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on H shares. Royal Bank of Canada lifted their target price on shares of Hyatt Hotels from $37.00 to $41.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 14th. Truist Financial lifted their target price on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. Mizuho decreased their target price on shares of Hyatt Hotels from $197.00 to $195.00 and set a "buy" rating on the stock in a research report on Tuesday. Wells Fargo & Company lifted their target price on shares of Hyatt Hotels from $138.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday, February 26th. Finally, Barclays decreased their target price on shares of Hyatt Hotels from $156.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $141.88.

Insider Activity at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 75,457 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total value of $11,957,670.79. Following the completion of the transaction, the insider now owns 459,000 shares in the company, valued at $72,737,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Traubert Foundation Pritzker sold 704,229 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $157.97, for a total transaction of $111,247,055.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Samuel Hoplamazian sold 75,457 shares of the firm's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the completion of the transaction, the insider now directly owns 459,000 shares of the company's stock, valued at approximately $72,737,730. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,077,803 shares of company stock worth $325,526,849. 23.50% of the stock is currently owned by company insiders.

Hyatt Hotels Trading Up 0.0 %

Shares of H traded up $0.06 on Friday, reaching $151.32. 375,464 shares of the company's stock were exchanged, compared to its average volume of 465,820. 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 stock has a market capitalization of $15.31 billion, a P/E ratio of 74.18, a price-to-earnings-growth ratio of 21.58 and a beta of 1.49. The business has a 50 day moving average price of $153.22 and a two-hundred day moving average price of $131.89. Hyatt Hotels Co. has a 12 month low of $96.77 and a 12 month high of $161.50.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.64 earnings per share 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 net margin of 3.30% and a return on equity of 7.59%. During the same period in the previous year, the firm posted $2.55 earnings per share. Research analysts anticipate that Hyatt Hotels Co. will post 3.24 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Tuesday, February 27th. Hyatt Hotels's dividend payout ratio is currently 29.41%.

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.