Hyatt Hotels Co. (NYSE:H) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in shares of Hyatt Hotels Co. (NYSE:H) by 10.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,406 shares of the company’s stock after selling 9,499 shares during the period. California Public Employees Retirement System’s holdings in Hyatt Hotels were worth $10,616,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in Hyatt Hotels during the third quarter valued at approximately $83,000. SG Americas Securities LLC purchased a new position in shares of Hyatt Hotels in the 3rd quarter valued at $157,000. HMS Capital Management LLC acquired a new position in shares of Hyatt Hotels during the 4th quarter valued at $217,000. Greenleaf Trust purchased a new stake in Hyatt Hotels during the 4th quarter worth $220,000. Finally, Flynn Zito Capital Management LLC acquired a new stake in Hyatt Hotels in the 4th quarter valued at $247,000. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hyatt Hotels

In other news, insider Margaret C. Egan sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $157.78, for a total transaction of $157,780.00. Following the completion of the transaction, the insider now directly owns 20,546 shares of the company’s stock, valued at $3,241,747.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hyatt Hotels news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total transaction of $200,096,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Margaret C. Egan sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $157.78, for a total transaction of $157,780.00. Following the completion of the sale, the insider now owns 20,546 shares in the company, valued at approximately $3,241,747.88. 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 quarter. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Up 0.2 %

Shares of Hyatt Hotels stock opened at $149.14 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average price of $153.93 and a 200 day moving average price of $132.68. Hyatt Hotels Co. has a fifty-two week low of $96.77 and a fifty-two week high of $161.50. The firm has a market cap of $15.09 billion, a P/E ratio of 73.11, a P/E/G ratio of 21.72 and a beta of 1.49.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.26. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the business 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 declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 28th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Tuesday, February 27th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 29.41%.

Analysts Set New Price Targets

H has been the topic of a number of recent research reports. Morgan Stanley cut Hyatt Hotels from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $149.00 to $156.00 in a research note on Monday, March 11th. TD Cowen upped their price target on Hyatt Hotels from $95.00 to $160.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Stifel Nicolaus lifted their price objective on shares of Hyatt Hotels from $146.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, April 11th. Evercore ISI restated an “in-line” rating and issued a $135.00 target price on shares of Hyatt Hotels in a research note on Monday, February 5th. Finally, 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 report on Friday, March 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and a consensus target price of $141.88.

Hyatt Hotels 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.