Sumitomo Mitsui DS Asset Management Company Ltd Sells 3,624 Shares of Hyatt Hotels Co. (NYSE:H)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in shares of Hyatt Hotels Co. (NYSE:H) by 22.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,342 shares of the company’s stock after selling 3,624 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Hyatt Hotels were worth $1,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Procyon Advisors LLC grew its holdings in shares of Hyatt Hotels by 3.8% in the fourth quarter. Procyon Advisors LLC now owns 2,627 shares of the company’s stock valued at $343,000 after acquiring an additional 96 shares in the last quarter. Red Spruce Capital LLC grew its holdings in shares of Hyatt Hotels by 1.0% in the fourth quarter. Red Spruce Capital LLC now owns 13,912 shares of the company’s stock valued at $1,814,000 after acquiring an additional 136 shares in the last quarter. Gilbert & Cook Inc. grew its holdings in shares of Hyatt Hotels by 10.6% in the third quarter. Gilbert & Cook Inc. now owns 1,934 shares of the company’s stock valued at $205,000 after acquiring an additional 185 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Hyatt Hotels by 9.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,655 shares of the company’s stock valued at $282,000 after acquiring an additional 221 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Hyatt Hotels by 6.1% in the third quarter. Advisors Asset Management Inc. now owns 4,432 shares of the company’s stock valued at $470,000 after acquiring an additional 254 shares in the last quarter. 71.02% of the stock is owned by institutional investors.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $151.80 on Thursday. The stock has a market cap of $15.36 billion, a PE ratio of 74.41, a price-to-earnings-growth ratio of 21.37 and a beta of 1.49. Hyatt Hotels Co. has a fifty-two week low of $96.77 and a fifty-two week high of $161.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.60. The stock has a fifty day moving average of $152.51 and a 200-day moving average of $131.28.

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

Hyatt Hotels Dividend Announcement

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

Insider Activity at Hyatt Hotels

In related news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of Hyatt Hotels 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 document filed with the Securities & Exchange Commission, which is available at this link. In other Hyatt Hotels news, insider Joan Bottarini sold 4,250 shares of Hyatt Hotels stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $128.72, for a total transaction of $547,060.00. Following the completion of the sale, the insider now owns 11,301 shares of the company’s stock, valued at $1,454,664.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of Hyatt Hotels stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total value of $200,096,680.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,077,803 shares of company stock valued at $325,526,849. Company insiders own 23.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird upped their target price on Hyatt Hotels from $116.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Thursday. Redburn Atlantic lowered Hyatt Hotels from a “buy” rating to a “neutral” rating and increased their price objective for the company from $120.00 to $130.00 in a report on Tuesday, January 16th. Mizuho reduced their price objective on Hyatt Hotels from $197.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Barclays reduced their price objective on Hyatt Hotels from $156.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Hyatt Hotels has an average rating of “Hold” and a consensus target price of $141.88.

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.