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

Mutual of America Capital Management LLC decreased its position in shares of Hyatt Hotels Co. (NYSE:H) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at approximately $72,086,000. Bain Capital Public Equity Management II LLC acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at approximately $57,284,000. Artemis Investment Management LLP acquired a new stake in shares of Hyatt Hotels in the first quarter valued at approximately $48,302,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Hyatt Hotels by 333.9% in the second 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 in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Hyatt Hotels by 6.5% in the second 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 in the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on H. JPMorgan Chase & Co. raised their price target on shares of Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Stifel Nicolaus lifted their target price on shares of Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a report on Tuesday, August 20th. Truist Financial lowered their target price 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. Barclays lifted their target price on shares of Hyatt Hotels from $146.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 4th. Finally, Robert W. Baird lowered their target price on shares of Hyatt Hotels from $162.00 to $158.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $148.21.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the sale, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Trading Up 0.5 %

H opened at $154.89 on Monday. The stock has a market capitalization of $15.67 billion, a P/E ratio of 24.05 and a beta of 1.50. Hyatt Hotels Co. has a 12 month low of $96.77 and a 12 month high of $162.24. The firm’s fifty day simple moving average is $146.34 and its 200 day simple moving average is $149.66. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the firm posted $0.82 EPS. As a group, research analysts anticipate that Hyatt Hotels Co. will post 3.97 EPS 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 dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.39%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 9.32%.

Hyatt Hotels 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.