Sumitomo Mitsui Trust Holdings Inc. Sells 2,890 Shares of Hyatt Hotels Co. (NYSE:H)

Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Hyatt Hotels Co. (NYSE:HFree Report) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,268 shares of the company’s stock after selling 2,890 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.10% of Hyatt Hotels worth $15,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. New York State Teachers Retirement System purchased a new position in Hyatt Hotels in the fourth quarter valued at about $1,472,000. Whittier Trust Co. grew its holdings in Hyatt Hotels by 2.6% during the fourth quarter. Whittier Trust Co. now owns 49,812 shares of the company’s stock valued at $6,496,000 after purchasing an additional 1,260 shares during the period. State of Michigan Retirement System purchased a new stake in Hyatt Hotels in the 4th quarter worth about $1,382,000. Vanguard Group Inc. boosted its position in Hyatt Hotels by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after purchasing an additional 144,356 shares during the period. Finally, Gulf International Bank UK Ltd boosted its holdings 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 buying an additional 5,000 shares during the period. 71.02% of the stock is owned by institutional investors.

Hyatt Hotels Trading Up 0.0 %

NYSE H opened at $148.69 on Wednesday. The stock has a 50-day moving average of $148.73 and a 200-day moving average of $145.02. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. Hyatt Hotels Co. has a 1-year low of $96.77 and a 1-year high of $161.50. The firm has a market cap of $15.04 billion, a PE ratio of 23.09 and a beta of 1.51.

Hyatt Hotels (NYSE:HGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the company posted $0.41 EPS. As a group, sell-side analysts forecast that Hyatt Hotels Co. will post 3.48 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Wednesday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is 9.32%.

Wall Street Analysts Forecast Growth

H has been the subject of several analyst reports. Mizuho raised their target price on Hyatt Hotels from $195.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Susquehanna initiated coverage on shares of Hyatt Hotels in a report on Friday, June 21st. They issued a “neutral” rating and a $160.00 price target for the company. TD Cowen boosted their target price on Hyatt Hotels from $95.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Robert W. Baird raised their price target on Hyatt Hotels from $160.00 to $162.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Finally, Truist Financial decreased their price objective on shares of Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $150.69.

View Our Latest Research Report on H

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the completion of the transaction, the director now owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now owns 20,219 shares in the company, valued at $3,023,144.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joan Bottarini sold 10,695 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the completion of the transaction, the insider now owns 16,104 shares of the company’s stock, valued at $2,398,207.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,189 shares of company stock worth $1,815,619. Company insiders own 23.50% of the company’s stock.

About Hyatt Hotels

(Free Report)

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.

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Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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