Retirement Systems of Alabama Has $17.44 Million Position in Hyatt Hotels Co. (NYSE:H)

Retirement Systems of Alabama trimmed its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,613 shares of the company’s stock after selling 1,183 shares during the period. Retirement Systems of Alabama’s holdings in Hyatt Hotels were worth $17,444,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of H. Summit Securities Group LLC acquired a new position in Hyatt Hotels during the second quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Hyatt Hotels during the 3rd quarter worth approximately $30,000. Blue Trust Inc. boosted its holdings in shares of Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after buying an additional 213 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after buying an additional 310 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in Hyatt Hotels during the third quarter worth $51,000. Institutional investors own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

H has been the subject of a number of analyst reports. Evercore ISI lifted their price objective on shares of Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Barclays boosted their target price on Hyatt Hotels from $144.00 to $161.00 and gave the stock an “equal weight” rating in a report on Friday. Sanford C. Bernstein cut their price target on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Macquarie lowered their price target on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Robert W. Baird boosted their price objective on Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $152.88.

Hyatt Hotels Stock Down 0.3 %

Shares of H opened at $158.99 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. Hyatt Hotels Co. has a 52 week low of $124.40 and a 52 week high of $168.20. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 11.98 and a beta of 1.50. The stock has a fifty day moving average of $154.99 and a 200-day moving average of $150.36.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate 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 period last year, the company earned $0.70 earnings per share. As a group, sell-side analysts anticipate that Hyatt Hotels Co. will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.38%. Hyatt Hotels’s dividend payout ratio is presently 4.52%.

Insiders Place Their Bets

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