Hyatt Hotels Co. (NYSE:H) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 2.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 123,645 shares of the company’s stock after selling 3,500 shares during the period. New York State Common Retirement Fund owned approximately 0.13% of Hyatt Hotels worth $19,410,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc boosted its position in Hyatt Hotels by 583.3% in the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock valued at $32,000 after buying an additional 175 shares during the last quarter. UMB Bank n.a. boosted its holdings in Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Blue Trust Inc. boosted its holdings in Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after purchasing an additional 213 shares during the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of Hyatt Hotels in the third quarter worth about $51,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Hyatt Hotels by 750.0% in the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Insider Activity

In related news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the transaction, the insider now directly owns 5,798 shares in the company, valued at approximately $927,622.02. This represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 23.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on H shares. Morgan Stanley lowered their price objective on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Barclays dropped their price target on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. The Goldman Sachs Group raised their target price on Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Robert W. Baird dropped their target price on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $162.29.

Hyatt Hotels Stock Performance

H opened at $140.20 on Friday. The firm has a market capitalization of $13.48 billion, a PE ratio of 11.27 and a beta of 1.48. Hyatt Hotels Co. has a twelve month low of $128.91 and a twelve month high of $168.20. The firm’s 50-day moving average price is $155.26 and its 200 day moving average price is $152.63. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter in the prior year, the firm earned $0.64 earnings per share. As a group, sell-side analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.82%.

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.