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

California Public Employees Retirement System trimmed its holdings in Hyatt Hotels Co. (NYSE:H) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,937 shares of the company’s stock after selling 4,245 shares during the quarter. California Public Employees Retirement System owned about 0.08% of Hyatt Hotels worth $11,764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in H. Kensington Investment Counsel LLC lifted its holdings in shares of Hyatt Hotels by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company’s stock valued at $2,136,000 after purchasing an additional 95 shares during the last quarter. Bridges Investment Management Inc. lifted its stake in Hyatt Hotels by 2.3% in the fourth quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company’s stock valued at $681,000 after buying an additional 99 shares during the last quarter. UMB Bank n.a. lifted its stake 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 buying an additional 104 shares during the last quarter. Arizona State Retirement System grew its position in shares of Hyatt Hotels by 0.9% during the fourth quarter. Arizona State Retirement System now owns 13,050 shares of the company’s stock worth $2,049,000 after acquiring an additional 110 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Hyatt Hotels by 31.9% during the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock worth $73,000 after acquiring an additional 113 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on H shares. The Goldman Sachs Group decreased their price target on shares of Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Susquehanna increased their price objective on Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Wells Fargo & Company dropped their target price on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, Truist Financial decreased their price target on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus target price of $161.97.

Hyatt Hotels Stock Performance

NYSE:H opened at $109.63 on Friday. Hyatt Hotels Co. has a twelve month low of $107.47 and a twelve month high of $168.20. The company has a market capitalization of $10.54 billion, a P/E ratio of 8.81 and a beta of 1.35. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $138.73 and a two-hundred day moving average price of $149.30.

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

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.55%. Hyatt Hotels’s dividend payout ratio (DPR) is 4.82%.

Insiders Place Their Bets

In related news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, the director now directly owns 37,927 shares in the company, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kinsey Wolf sold 1,000 shares of Hyatt Hotels stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the sale, the insider now owns 811 shares of the company’s stock, valued at $99,712.45. This trade represents a 55.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,600 shares of company stock valued at $1,517,798 in the last ninety days. Insiders own 23.50% of the company’s stock.

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.