California Public Employees Retirement System Sells 9,499 Shares of Hyatt Hotels Co. (NYSE:H)

California Public Employees Retirement System lessened its position in Hyatt Hotels Co. (NYSE:H - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,406 shares of the company's stock after selling 9,499 shares during the period. California Public Employees Retirement System owned about 0.08% of Hyatt Hotels worth $10,616,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board raised its position in shares of Hyatt Hotels by 33.3% in the third quarter. Canada Pension Plan Investment Board now owns 903,230 shares of the company's stock valued at $95,815,000 after purchasing an additional 225,530 shares during the period. HighTower Advisors LLC grew its stake in Hyatt Hotels by 1,480.6% in the 3rd quarter. HighTower Advisors LLC now owns 121,357 shares of the company's stock valued at $12,881,000 after buying an additional 113,679 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Hyatt Hotels by 25.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,383 shares of the company's stock valued at $55,627,000 after acquiring an additional 105,816 shares during the period. Tudor Investment Corp Et Al boosted its holdings in shares of Hyatt Hotels by 1,141.6% during the third quarter. Tudor Investment Corp Et Al now owns 97,517 shares of the company's stock worth $10,345,000 after acquiring an additional 89,663 shares during the period. Finally, Nordea Investment Management AB acquired a new position in shares of Hyatt Hotels in the third quarter valued at approximately $5,509,000. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Hyatt Hotels from $138.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, February 26th. Truist Financial boosted 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 dropped their price objective on shares of Hyatt Hotels from $197.00 to $195.00 and set a "buy" rating for the company in a research note on Tuesday, April 23rd. 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. Finally, Stifel Nicolaus lifted 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $141.88.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 9,867 shares of the company's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $154.11, for a total value of $1,520,603.37. Following the sale, the insider now owns 5,100 shares in the company, valued at approximately $785,961. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Mark R. Vondrasek sold 9,867 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $154.11, for a total value of $1,520,603.37. Following the sale, the insider now directly owns 5,100 shares of the company's stock, valued at approximately $785,961. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mark Samuel Hoplamazian sold 75,457 shares of Hyatt Hotels stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following 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. Insiders sold a total of 2,073,553 shares of company stock valued at $324,979,789 in the last three months. Insiders own 23.50% of the company's stock.

Hyatt Hotels Price Performance

Shares of H traded up $2.67 during trading hours on Thursday, reaching $151.68. The stock had a trading volume of 474,511 shares, compared to its average volume of 663,644. The stock has a market capitalization of $15.35 billion, a PE ratio of 73.91, a PEG ratio of 21.23 and a beta of 1.49. Hyatt Hotels Co. has a 12 month low of $96.77 and a 12 month high of $161.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.60. The company's 50-day moving average is $154.24 and its two-hundred day moving average is $132.79.

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

Hyatt Hotels Dividend Announcement

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