State of Alaska Department of Revenue Has $1.50 Million Holdings in Hyatt Hotels Corporation $H

State of Alaska Department of Revenue cut its position in Hyatt Hotels Corporation (NYSE:H) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,720 shares of the company’s stock after selling 275 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hyatt Hotels were worth $1,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of H. Bank of Jackson Hole Trust acquired a new position in Hyatt Hotels in the 1st quarter valued at $31,000. MassMutual Private Wealth & Trust FSB grew its stake in Hyatt Hotels by 86.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the last quarter. Fifth Third Bancorp grew its stake in Hyatt Hotels by 33.2% in the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock valued at $54,000 after buying an additional 96 shares during the last quarter. UMB Bank n.a. grew its stake in Hyatt Hotels by 138.8% in the 1st quarter. UMB Bank n.a. now owns 499 shares of the company’s stock valued at $61,000 after buying an additional 290 shares during the last quarter. Finally, Harold Davidson & Associates Inc. acquired a new stake in Hyatt Hotels in the 1st quarter worth $203,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Stock Up 1.0%

Hyatt Hotels stock opened at $146.80 on Friday. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20. The company has a 50 day moving average of $142.01 and a 200-day moving average of $133.45. The stock has a market capitalization of $14.02 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 2.29 and a beta of 1.41. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. On average, equities research analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio is presently 14.25%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on H. Raymond James Financial upgraded shares of Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 price target on the stock in a research report on Tuesday, July 1st. Barclays decreased their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a research report on Monday, July 14th. Citigroup upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and raised their price target for the stock from $138.00 to $167.00 in a research report on Tuesday, September 9th. Finally, Robert W. Baird raised their price target on shares of Hyatt Hotels from $148.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.68.

Insider Buying and Selling

In related news, insider David Udell sold 4,051 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total transaction of $587,395.00. Following the completion of the transaction, the insider owned 16,756 shares in the company, valued at approximately $2,429,620. This represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 23.70% of the company’s stock.

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.