New York Life Investment Management LLC Buys 134 Shares of Hyatt Hotels Co. (NYSE:H)

New York Life Investment Management LLC increased its stake in shares of Hyatt Hotels Co. (NYSE:H) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,189 shares of the company’s stock after buying an additional 134 shares during the period. New York Life Investment Management LLC’s holdings in Hyatt Hotels were worth $1,068,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC bought a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $59,000. Banque Cantonale Vaudoise bought a new stake in Hyatt Hotels in the 3rd quarter valued at about $83,000. SG Americas Securities LLC acquired a new position in shares of Hyatt Hotels during the 3rd quarter worth approximately $157,000. HMS Capital Management LLC bought a new position in shares of Hyatt Hotels during the fourth quarter worth approximately $217,000. Finally, Greenleaf Trust acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds own 71.02% of the company’s stock.

Hyatt Hotels Stock Down 0.6 %

NYSE:H opened at $150.41 on Wednesday. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $161.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59. The company has a market cap of $15.22 billion, a PE ratio of 73.73, a P/E/G ratio of 21.47 and a beta of 1.49. The firm’s 50 day simple moving average is $154.56 and its 200 day simple moving average is $134.29.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.56 billion. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. During the same quarter in the previous year, the business earned $2.55 earnings per share. On average, research analysts anticipate that Hyatt Hotels Co. will post 3.24 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. Hyatt Hotels’s dividend payout ratio (DPR) is 29.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wells Fargo & Company raised their price objective on Hyatt Hotels from $138.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Royal Bank of Canada raised their price target on Hyatt Hotels from $37.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. StockNews.com upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Monday. Morgan Stanley cut shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $149.00 to $156.00 in a research report on Monday, March 11th. Finally, Redburn Atlantic lowered shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and increased their price target for the stock from $120.00 to $130.00 in a research report on Tuesday, January 16th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $143.19.

Insider Activity at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 75,457 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the completion of the sale, the insider now directly owns 459,000 shares in the company, valued at $72,737,730. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Mark Samuel Hoplamazian sold 75,457 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the sale, the insider now owns 459,000 shares in the company, valued at approximately $72,737,730. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joan Bottarini sold 10,695 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the sale, the insider now owns 16,104 shares of the company’s stock, valued at $2,398,207.68. The disclosure for this sale can be found here. Insiders have sold 2,084,248 shares of company stock worth $326,572,489 over the last ninety days. Insiders own 23.50% of the company’s stock.

Hyatt Hotels 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.