Public Employees Retirement System of Ohio Invests $2.24 Million in Hyatt Hotels Corporation $H

Public Employees Retirement System of Ohio bought a new stake in Hyatt Hotels Corporation (NYSE:H) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,566 shares of the company’s stock, valued at approximately $2,242,000.

Other institutional investors also recently bought and sold shares of the company. Johnson Financial Group Inc. raised its position in shares of Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after acquiring an additional 144 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Hyatt Hotels in the fourth quarter valued at approximately $26,000. DV Equities LLC purchased a new position in Hyatt Hotels in the fourth quarter valued at approximately $32,000. Measured Wealth Private Client Group LLC acquired a new stake in Hyatt Hotels during the third quarter worth approximately $34,000. Finally, NewEdge Advisors LLC raised its holdings in Hyatt Hotels by 121.4% during the fourth quarter. NewEdge Advisors LLC now owns 228 shares of the company’s stock worth $37,000 after purchasing an additional 125 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on H. Morgan Stanley reduced their price target on shares of Hyatt Hotels from $218.00 to $209.00 and set an “overweight” rating for the company in a research report on Tuesday, August 18th. Susquehanna lifted their target price on Hyatt Hotels from $180.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Truist Financial boosted their target price on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. decreased their target price on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Finally, HSBC raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research report on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $197.07.

Hyatt Hotels Trading Up 0.4%

NYSE H opened at $166.00 on Friday. The firm’s fifty day moving average is $181.79 and its two-hundred day moving average is $172.69. Hyatt Hotels Corporation has a one year low of $134.18 and a one year high of $206.86. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $15.64 billion, a PE ratio of 202.44 and a beta of 1.34.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Analysts expect that Hyatt Hotels Corporation will post 3.54 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 73.17%.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan Kronick sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.88, for a total value of $305,796.00. Following the transaction, the director owned 29,525 shares of the company’s stock, valued at approximately $5,310,957. The trade was a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 23.60% of the company’s stock.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.