Hyatt Hotels Co. (NYSE:H) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp reduced its position in Hyatt Hotels Co. (NYSE:H) by 14.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 33,098 shares of the company’s stock after selling 5,604 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Hyatt Hotels were worth $5,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of H. LRI Investments LLC acquired a new position in shares of Hyatt Hotels in the 1st quarter valued at about $26,000. Riverview Trust Co acquired a new position in Hyatt Hotels during the 1st quarter worth approximately $27,000. Summit Securities Group LLC acquired a new position in Hyatt Hotels during the 2nd quarter worth approximately $30,000. Quadrant Capital Group LLC lifted its position in Hyatt Hotels by 49.8% during the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after acquiring an additional 127 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Hyatt Hotels during the 1st quarter worth approximately $53,000. 71.02% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $145.29 on Friday. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $162.24. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 22.56 and a beta of 1.50. The business has a 50 day simple moving average of $146.54 and a 200-day simple moving average of $149.97.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.76 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same period in the prior year, the business earned $0.82 EPS. As a group, equities research analysts expect that Hyatt Hotels Co. will post 3.97 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. Hyatt Hotels’s payout ratio is currently 9.32%.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the transaction, the insider now directly owns 623,556 shares in the company, valued at approximately $93,389,982.12. The sale was disclosed in a document filed with the SEC, which is available through this link. 23.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

H has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Susquehanna reduced their price target on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Mizuho dropped their price objective on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Barclays lifted their price objective on Hyatt Hotels from $146.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $148.06.

About Hyatt Hotels

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.