Mutual of America Capital Management LLC Has $3.93 Million Stock Position in Hyatt Hotels Co. (NYSE:H)

Mutual of America Capital Management LLC lowered its stake in Hyatt Hotels Co. (NYSE:H) by 1.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 25,866 shares of the company’s stock after selling 482 shares during the period. Mutual of America Capital Management LLC’s holdings in Hyatt Hotels were worth $3,930,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of H. Norges Bank acquired a new position in Hyatt Hotels in the 4th quarter valued at about $72,086,000. Bain Capital Public Equity Management II LLC acquired a new position in Hyatt Hotels in the 4th quarter valued at about $57,284,000. Artemis Investment Management LLP acquired a new position in Hyatt Hotels in the 1st quarter valued at about $48,302,000. Allspring Global Investments Holdings LLC boosted its holdings in Hyatt Hotels by 333.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock valued at $39,440,000 after purchasing an additional 199,773 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Hyatt Hotels by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after purchasing an additional 162,562 shares during the period. Institutional investors and hedge funds own 71.02% of the company’s stock.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the transaction, the insider now directly owns 623,556 shares in the company, valued at approximately $92,373,585.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $154.89 on Monday. The company has a market cap of $15.67 billion, a price-to-earnings ratio of 24.05 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $146.34 and a 200 day simple moving average of $149.66. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $162.24.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $0.95 by $0.58. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.76 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same quarter in the prior year, the firm earned $0.82 EPS. Research analysts predict that Hyatt Hotels Co. will post 3.97 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 9.32%.

Analyst Ratings Changes

H has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Sanford C. Bernstein cut their price objective on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Stifel Nicolaus boosted their price objective on shares of Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a report on Tuesday, August 20th. Truist Financial cut their price objective on shares of Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating for the company in a report on Monday, August 12th. Finally, The Goldman Sachs Group started coverage on shares of Hyatt Hotels in a report on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 price objective for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Hyatt Hotels currently has an average rating of “Hold” and a consensus target price of $148.21.

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.