California Public Employees Retirement System Decreases Stake in Hyatt Hotels Co. (NYSE:H)

California Public Employees Retirement System decreased its holdings in Hyatt Hotels Co. (NYSE:H) by 5.4% during the 4th quarter, HoldingsChannel reports. 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’s holdings in Hyatt Hotels were worth $11,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in shares of Hyatt Hotels by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock valued at $422,960,000 after acquiring an additional 46,413 shares during the period. Wellington Management Group LLP raised its position in Hyatt Hotels by 3.3% in the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after purchasing an additional 56,082 shares during the period. State Street Corp lifted its stake in shares of Hyatt Hotels by 0.4% during the third quarter. State Street Corp now owns 1,441,148 shares of the company’s stock worth $219,343,000 after purchasing an additional 6,007 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Hyatt Hotels by 1.0% in the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after buying an additional 7,440 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $77,136,000. 73.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, the director now owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark R. Vondrasek sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the transaction, the insider now directly owns 9,337 shares in the company, valued at approximately $1,090,561.60. The trade was a 51.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,600 shares of company stock worth $1,517,798. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $109.63 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm has a 50-day simple moving average of $138.73 and a 200 day simple moving average of $149.30. Hyatt Hotels Co. has a fifty-two week low of $107.47 and a fifty-two week high of $168.20. The company has a market cap of $10.54 billion, a PE ratio of 8.81 and a beta of 1.35.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. On average, sell-side analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Susquehanna upped their price target on Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Barclays decreased their target price on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Truist Financial dropped their price target on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Morgan Stanley decreased their price objective on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. Finally, Macquarie dropped their target price on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and a consensus price target of $161.97.

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.