Hyatt Hotels Co. (NYSE:H) Position Increased by State Street Corp

State Street Corp raised its holdings in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,441,148 shares of the company's stock after acquiring an additional 6,007 shares during the quarter. State Street Corp owned approximately 1.50% of Hyatt Hotels worth $219,343,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bamco Inc. NY lifted its stake in Hyatt Hotels by 1.3% in the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company's stock valued at $834,574,000 after buying an additional 68,608 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company's stock worth $401,827,000 after purchasing an additional 162,562 shares in the last quarter. Fiera Capital Corp boosted its holdings in Hyatt Hotels by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 574,045 shares of the company's stock valued at $87,209,000 after purchasing an additional 6,896 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hyatt Hotels by 10.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company's stock worth $73,822,000 after buying an additional 46,574 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Hyatt Hotels by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company's stock valued at $71,371,000 after buying an additional 20,997 shares during the period. Hedge funds and other institutional investors own 71.02% of the company's stock.

Insider Transactions at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now directly owns 5,798 shares of the company's stock, valued at $927,622.02. This represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 23.50% of the company's stock.

Hyatt Hotels Stock Down 0.3 %

H stock traded down $0.44 during trading on Thursday, reaching $160.97. The stock had a trading volume of 191,712 shares, compared to its average volume of 585,101. The firm has a fifty day moving average price of $154.69 and a 200 day moving average price of $150.20. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $15.46 billion, a P/E ratio of 12.16 and a beta of 1.50. Hyatt Hotels Co. has a 1-year low of $124.40 and a 1-year high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.04. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the prior year, the business posted $0.70 earnings per share. On average, equities analysts anticipate that Hyatt Hotels Co. will post 3.89 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.37%. Hyatt Hotels's dividend payout ratio (DPR) is 4.52%.

Analysts Set New Price Targets

Several research firms have issued reports on H. Wells Fargo & Company cut their price objective on Hyatt Hotels from $178.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Bank of America raised their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Robert W. Baird increased their price objective on shares of Hyatt Hotels from $157.00 to $158.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Evercore ISI upped their target price on shares of Hyatt Hotels from $145.00 to $155.00 and gave the company an "in-line" rating in a report on Monday, October 21st. Finally, Hsbc Global Res raised Hyatt Hotels to a "hold" rating in a research report on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Hyatt Hotels has an average rating of "Hold" and an average price target of $152.64.

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.