New York State Teachers Retirement System Makes New $1.47 Million Investment in Hyatt Hotels Co. (NYSE:H)

New York State Teachers Retirement System acquired a new stake in Hyatt Hotels Co. (NYSE:H) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 11,286 shares of the company’s stock, valued at approximately $1,472,000.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Hyatt Hotels by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,469,443 shares of the company’s stock valued at $361,847,000 after acquiring an additional 37,317 shares in the last quarter. Principal Financial Group Inc. increased its stake in Hyatt Hotels by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company’s stock valued at $239,367,000 after buying an additional 11,041 shares during the last quarter. Select Equity Group L.P. lifted its position in Hyatt Hotels by 196.2% during the 1st quarter. Select Equity Group L.P. now owns 2,206,791 shares of the company’s stock worth $246,697,000 after buying an additional 1,461,693 shares in the last quarter. Morgan Stanley boosted its stake in shares of Hyatt Hotels by 1.1% during the 3rd quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock worth $232,836,000 after buying an additional 24,121 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Hyatt Hotels by 14.6% in the 2nd quarter. BlackRock Inc. now owns 2,168,020 shares of the company’s stock valued at $248,412,000 after acquiring an additional 275,503 shares in the last quarter. 71.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Hyatt Hotels from $162.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Jefferies Financial Group raised their target price on shares of Hyatt Hotels from $104.00 to $127.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Barclays boosted their price target on Hyatt Hotels from $119.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Royal Bank of Canada raised their price objective on Hyatt Hotels from $37.00 to $41.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 14th. Finally, TD Cowen increased their price target on Hyatt Hotels from $95.00 to $160.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and an average price target of $140.53.

Hyatt Hotels Trading Down 0.6 %

H opened at $148.81 on Thursday. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 72.94, a P/E/G ratio of 21.69 and a beta of 1.49. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $161.50. The company has a 50-day simple moving average of $150.66 and a 200 day simple moving average of $129.72.

Hyatt Hotels (NYSE:H) last released its earnings results on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.26. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the company earned $2.55 earnings per share. Analysts predict that Hyatt Hotels Co. will post 3.24 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

Insider Buying and Selling

In related news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total transaction of $200,096,680.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Traubert Foundation Pritzker sold 704,229 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $157.97, for a total transaction of $111,247,055.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total transaction of $200,096,680.00. The disclosure for this sale can be found here. Insiders sold a total of 2,077,803 shares of company stock worth $325,526,849 in the last three months. 21.24% of the stock is owned by corporate insiders.

About Hyatt Hotels

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.