Texas Permanent School Fund Corp Buys 506 Shares of Hyatt Hotels Co. (NYSE:H)

Texas Permanent School Fund Corp increased its stake in Hyatt Hotels Co. (NYSE:H) by 1.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 38,702 shares of the company’s stock after purchasing an additional 506 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Hyatt Hotels were worth $6,178,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in H. Norges Bank acquired a new stake in shares of Hyatt Hotels in the fourth quarter worth $72,086,000. Bain Capital Public Equity Management II LLC acquired a new position in shares of Hyatt Hotels during the fourth quarter valued at about $57,284,000. Franklin Resources Inc. lifted its stake in shares of Hyatt Hotels by 28.5% in the fourth quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock valued at $254,061,000 after buying an additional 432,594 shares during the period. Artemis Investment Management LLP acquired a new stake in Hyatt Hotels during the first quarter worth about $48,302,000. Finally, Principal Financial Group Inc. increased its stake in Hyatt Hotels by 6.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,405,283 shares of the company’s stock valued at $313,673,000 after acquiring an additional 148,804 shares during the period. Institutional investors own 71.02% of the company’s stock.

Insider Activity

In other news, insider Joan Bottarini sold 10,695 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the sale, the insider now owns 16,104 shares of the company’s stock, valued at $2,398,207.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Michael A. Rocca sold 1,189 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the completion of the transaction, the director now directly owns 20,219 shares in the company, valued at $3,023,144.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joan Bottarini sold 10,695 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the sale, the insider now owns 16,104 shares in the company, valued at approximately $2,398,207.68. The disclosure for this sale can be found here. Insiders sold 12,189 shares of company stock valued at $1,815,619 in the last quarter. Company insiders own 23.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Truist Financial reduced their price objective on Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Stifel Nicolaus lifted their price target on shares of Hyatt Hotels from $146.00 to $154.00 and gave the stock a “hold” rating in a research note on Thursday, April 11th. Susquehanna started coverage on shares of Hyatt Hotels in a research note on Friday, June 21st. They issued a “neutral” rating and a $160.00 price objective for the company. StockNews.com lowered shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Wednesday, July 3rd. Finally, Sanford C. Bernstein increased their price target on shares of Hyatt Hotels from $184.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $150.69.

Hyatt Hotels Price Performance

NYSE H traded up $0.75 on Friday, hitting $153.46. 16,794 shares of the company were exchanged, compared to its average volume of 601,705. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The company has a market cap of $15.53 billion, a P/E ratio of 23.71 and a beta of 1.51. Hyatt Hotels Co. has a 1-year low of $96.77 and a 1-year high of $161.50. The firm has a 50 day moving average of $148.82 and a two-hundred day moving average of $145.12.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, May 9th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. During the same quarter last year, the business posted $0.41 EPS. On average, equities analysts predict that Hyatt Hotels Co. will post 3.48 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio is 9.32%.

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.