State of New Jersey Common Pension Fund D Buys 249 Shares of Hyatt Hotels Corporation $H

State of New Jersey Common Pension Fund D increased its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,767 shares of the company’s stock after buying an additional 249 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Hyatt Hotels were worth $2,062,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of H. Bank of Jackson Hole Trust bought a new stake in Hyatt Hotels during the first quarter worth $31,000. MassMutual Private Wealth & Trust FSB grew its holdings in Hyatt Hotels by 86.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after buying an additional 111 shares in the last quarter. Fifth Third Bancorp grew its holdings in Hyatt Hotels by 33.2% during the second quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock worth $54,000 after buying an additional 96 shares in the last quarter. Harold Davidson & Associates Inc. bought a new stake in Hyatt Hotels during the first quarter worth $203,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Hyatt Hotels during the second quarter worth $232,000. Institutional investors own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

H has been the topic of several research analyst reports. Morgan Stanley raised Hyatt Hotels from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $147.00 to $168.00 in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a “hold” rating to a “buy” rating in a research report on Monday, July 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Hyatt Hotels in a research report on Wednesday, October 8th. Wall Street Zen cut Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Finally, Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $138.00 to $167.00 in a research report on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $154.76.

Hyatt Hotels Stock Down 0.4%

Shares of NYSE H opened at $143.80 on Thursday. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. The business’s fifty day moving average price is $144.30 and its 200-day moving average price is $137.26. The stock has a market capitalization of $13.73 billion, a PE ratio of 34.16, a P/E/G ratio of 2.55 and a beta of 1.41.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the firm earned $1.53 EPS. On average, equities research analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Hyatt Hotels’s dividend payout ratio is currently 14.25%.

Insider Transactions at Hyatt Hotels

In related news, insider David Udell sold 4,051 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the sale, the insider owned 16,756 shares of the company’s stock, valued at approximately $2,429,620. This represents a 19.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 23.70% of the company’s stock.

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.