Sumitomo Mitsui Trust Group Inc. Has $9.72 Million Position in Hyatt Hotels Corporation (NYSE:H)

Sumitomo Mitsui Trust Group Inc. lessened its position in Hyatt Hotels Corporation (NYSE:H) by 3.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,318 shares of the company’s stock after selling 2,749 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.08% of Hyatt Hotels worth $9,716,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bernard Wealth Management Corp. bought a new position in shares of Hyatt Hotels in the 4th quarter valued at about $26,000. UMB Bank n.a. grew its position in shares of 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 acquiring an additional 290 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Hyatt Hotels during the 4th quarter worth about $88,000. Allstate Corp bought a new stake in shares of Hyatt Hotels during the 4th quarter worth about $221,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in shares of Hyatt Hotels by 120.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,518 shares of the company’s stock worth $238,000 after buying an additional 829 shares during the period. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

H stock opened at $147.36 on Friday. The company has a 50 day simple moving average of $130.93 and a 200 day simple moving average of $136.18. The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 4.69 and a beta of 1.42. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $168.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.16. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. During the same period in the prior year, the company earned $0.71 EPS. Research analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Thursday, May 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Thursday, May 29th. Hyatt Hotels’s dividend payout ratio is 7.79%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total value of $7,083,672.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jnp Parachute Mirror Trust K sold 44,466 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total transaction of $5,902,861.50. The disclosure for this sale can be found here. Insiders sold 371,111 shares of company stock worth $49,273,516 over the last 90 days. 23.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Raymond James Financial raised shares of Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 target price for the company in a report on Tuesday. Stifel Nicolaus reduced their target price on shares of Hyatt Hotels from $156.75 to $132.00 and set a “hold” rating for the company in a report on Wednesday, April 16th. Barclays lifted their target price on shares of Hyatt Hotels from $122.00 to $127.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. The Goldman Sachs Group boosted their price objective on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a “sell” rating in a report on Friday, May 2nd. Finally, Evercore ISI cut their price objective on shares of Hyatt Hotels from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and an average price target of $150.63.

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.