State of New Jersey Common Pension Fund D Has $2.06 Million Stock Holdings in Hyatt Hotels Corporation $H

State of New Jersey Common Pension Fund D grew its position in shares of Hyatt Hotels Corporation (NYSE:H) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,767 shares of the company’s stock after purchasing an additional 249 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Hyatt Hotels were worth $2,062,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in H. Long Pond Capital LP acquired a new stake in shares of Hyatt Hotels during the first quarter valued at about $191,922,000. Principal Financial Group Inc. boosted its stake in shares of Hyatt Hotels by 16.4% during the first quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company’s stock valued at $384,132,000 after purchasing an additional 441,417 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Hyatt Hotels during the first quarter valued at about $36,229,000. Senator Investment Group LP acquired a new stake in shares of Hyatt Hotels during the first quarter valued at about $24,500,000. Finally, Bank of Nova Scotia boosted its stake in shares of Hyatt Hotels by 9.3% during the first quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company’s stock valued at $229,987,000 after purchasing an additional 160,461 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on H. Barclays cut their price objective on Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Friday, August 8th. Wall Street Zen lowered Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hyatt Hotels in a research note on Wednesday, October 8th. Morgan Stanley raised Hyatt Hotels from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $147.00 to $168.00 in a research note on Wednesday, October 22nd. Finally, Robert W. Baird lifted their price objective on Hyatt Hotels from $150.00 to $154.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.76.

Insider Activity at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the completion of the sale, the insider owned 16,756 shares in the company, valued at $2,429,620. The trade was a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 23.70% of the stock is currently owned by corporate insiders.

Hyatt Hotels Trading Down 0.4%

Shares of H stock opened at $143.80 on Thursday. The company has a market cap of $13.73 billion, a P/E ratio of 34.16, a PEG ratio of 2.55 and a beta of 1.41. The stock has a 50 day simple moving average of $144.30 and a two-hundred day simple moving average of $137.26. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.During the same quarter in the previous year, the company posted $1.53 earnings per share. Research analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 dividend yield of 0.4%. Hyatt Hotels’s payout ratio is currently 14.25%.

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.