Mutual of America Capital Management LLC Sells 1,583 Shares of Hyatt Hotels Co. (NYSE:H)

Mutual of America Capital Management LLC trimmed its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,283 shares of the company’s stock after selling 1,583 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hyatt Hotels were worth $3,696,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Hyatt Hotels by 333.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after purchasing an additional 199,773 shares in the last quarter. Interval Partners LP raised its stake in shares of Hyatt Hotels by 314.1% during the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company’s stock valued at $36,510,000 after buying an additional 182,297 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Hyatt Hotels by 6.5% in the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after acquiring an additional 162,562 shares during the period. Millennium Management LLC boosted its holdings in Hyatt Hotels by 700.5% during the second quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock worth $18,648,000 after buying an additional 107,412 shares in the last quarter. Finally, GAM Holding AG purchased a new stake in shares of Hyatt Hotels during the 2nd quarter worth about $11,212,000. Institutional investors own 71.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. Truist Financial dropped their price target on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Susquehanna lowered their target price on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hyatt Hotels currently has an average rating of “Hold” and a consensus target price of $151.57.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the 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 transaction, the insider now directly owns 623,556 shares in the company, valued at $92,373,585.84. This represents a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.50% of the stock is currently owned by corporate insiders.

Hyatt Hotels Price Performance

Shares of H opened at $155.78 on Friday. 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 twelve month low of $112.85 and a twelve month high of $162.24. The firm has a market capitalization of $14.96 billion, a PE ratio of 11.74 and a beta of 1.50. The stock’s 50 day moving average is $152.66 and its two-hundred day moving average is $149.30.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The business 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 quarter in the previous year, the company posted $0.70 EPS. Research analysts anticipate that Hyatt Hotels Co. will post 3.91 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors 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%.

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.