State of New Jersey Common Pension Fund D Has $2.05 Million Stock Position in Hyatt Hotels Co. (NYSE:H)

State of New Jersey Common Pension Fund D lessened its stake in Hyatt Hotels Co. (NYSE:H) by 9.3% in the third quarter, HoldingsChannel reports. The firm owned 13,486 shares of the company’s stock after selling 1,381 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hyatt Hotels were worth $2,053,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LRI Investments LLC acquired a new stake in Hyatt Hotels in the 1st quarter valued at $26,000. Summit Securities Group LLC acquired a new stake in Hyatt Hotels in the 2nd quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Hyatt Hotels during the third quarter worth about $30,000. Blue Trust Inc. increased its position in Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after buying an additional 213 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Hyatt Hotels in the first quarter valued at approximately $53,000. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the sale, the insider now owns 623,556 shares in the company, valued at $93,389,982.12. This trade represents a 7.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 23.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on H shares. Bank of America boosted their target price on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Sanford C. Bernstein dropped their price objective on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. StockNews.com raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Robert W. Baird increased their price target on shares of Hyatt Hotels from $157.00 to $158.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Truist Financial reduced their price objective on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a report on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $151.57.

Hyatt Hotels Trading Down 3.1 %

Shares of Hyatt Hotels stock opened at $152.94 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. Hyatt Hotels Co. has a 12-month low of $112.04 and a 12-month high of $162.24. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 11.53 and a beta of 1.50. The firm’s 50-day moving average price is $151.92 and its two-hundred day moving average price is $149.19.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business posted $0.70 EPS. On average, analysts forecast that Hyatt Hotels Co. will post 3.85 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

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.