Sumitomo Mitsui Trust Group Inc. Purchases 610 Shares of Hyatt Hotels Co. (NYSE:H)

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,971 shares of the company’s stock after buying an additional 610 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.08% of Hyatt Hotels worth $12,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its holdings in Hyatt Hotels by 18.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,917 shares of the company’s stock valued at $596,000 after acquiring an additional 622 shares during the period. Bridges Investment Management Inc. boosted its stake in shares of Hyatt Hotels by 7.3% in the 3rd quarter. Bridges Investment Management Inc. now owns 4,242 shares of the company’s stock worth $646,000 after buying an additional 287 shares during the last quarter. Assetmark Inc. lifted its position in Hyatt Hotels by 162.2% during the third quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock valued at $7,464,000 after purchasing an additional 30,339 shares in the last quarter. Malaga Cove Capital LLC lifted its position in Hyatt Hotels by 37.9% during the third quarter. Malaga Cove Capital LLC now owns 4,241 shares of the company’s stock valued at $645,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of Hyatt Hotels by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of Hyatt Hotels stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the sale, the insider now owns 623,556 shares of the company’s stock, valued at $92,373,585.84. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 23.50% of the stock is owned by company insiders.

Hyatt Hotels Stock Performance

Shares of H stock opened at $152.94 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. Hyatt Hotels Co. has a 12 month low of $112.04 and a 12 month high of $162.24. The company has a market cap of $14.69 billion, a P/E ratio of 11.53 and a beta of 1.50. The firm has a fifty day moving average price of $151.92 and a 200 day moving average price of $149.19.

Hyatt Hotels (NYSE:H) last announced its 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 business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the prior year, the company earned $0.70 earnings per share. Sell-side analysts predict that Hyatt Hotels Co. will post 3.85 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio is presently 4.52%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on H. HSBC cut Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a report on Friday, November 1st. The Goldman Sachs Group started coverage on Hyatt Hotels in a report on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price target on Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. StockNews.com raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Bank of America increased their price target on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $151.57.

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.