New York State Common Retirement Fund Sells 5,654 Shares of Hyatt Hotels Co. (NYSE:H)

New York State Common Retirement Fund trimmed its stake in Hyatt Hotels Co. (NYSE:H) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,377 shares of the company’s stock after selling 5,654 shares during the period. New York State Common Retirement Fund’s holdings in Hyatt Hotels were worth $25,479,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Procyon Advisors LLC grew its holdings in Hyatt Hotels by 3.8% during the 4th quarter. Procyon Advisors LLC now owns 2,627 shares of the company’s stock worth $343,000 after acquiring an additional 96 shares during the period. Red Spruce Capital LLC grew its stake in shares of Hyatt Hotels by 1.0% in the 4th quarter. Red Spruce Capital LLC now owns 13,912 shares of the company’s stock valued at $1,814,000 after buying an additional 136 shares during the period. Gilbert & Cook Inc. grew its stake in shares of Hyatt Hotels by 10.6% in the 3rd quarter. Gilbert & Cook Inc. now owns 1,934 shares of the company’s stock valued at $205,000 after buying an additional 185 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Hyatt Hotels by 9.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,655 shares of the company’s stock valued at $282,000 after buying an additional 221 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Hyatt Hotels by 6.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,432 shares of the company’s stock valued at $470,000 after buying an additional 254 shares during the period. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $151.36 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. The stock has a market cap of $15.31 billion, a P/E ratio of 74.20, a P/E/G ratio of 21.58 and a beta of 1.49. The company’s 50 day moving average price is $153.22 and its two-hundred day moving average price is $131.74. Hyatt Hotels Co. has a 52 week low of $96.77 and a 52 week high of $161.50.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the business earned $2.55 EPS. On average, equities analysts predict that Hyatt Hotels Co. will post 3.24 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 29.41%.

Analyst Ratings Changes

H has been the subject of several research reports. Barclays reduced their target price on Hyatt Hotels from $156.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th. StockNews.com downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Thursday. Robert W. Baird raised their target price on Hyatt Hotels from $116.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Truist Financial raised their target price on Hyatt Hotels from $143.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $135.00 price target on shares of Hyatt Hotels in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $141.88.

Insider Activity

In other news, insider Traubert Foundation Pritzker sold 704,229 shares of Hyatt Hotels stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $157.97, for a total transaction of $111,247,055.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Traubert Foundation Pritzker sold 704,229 shares of Hyatt Hotels stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $157.97, for a total transaction of $111,247,055.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Margaret C. Egan sold 1,000 shares of Hyatt Hotels stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $157.78, for a total transaction of $157,780.00. Following the sale, the insider now directly owns 20,546 shares of the company’s stock, valued at $3,241,747.88. The disclosure for this sale can be found here. Insiders sold 2,077,803 shares of company stock worth $325,526,849 in the last three months. Corporate insiders own 23.50% 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.