Hyatt Hotels Co. (NYSE:H) Director Susan D. Kronick Sells 1,600 Shares

Hyatt Hotels Co. (NYSE:H) Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total value of $216,000.00. Following the completion of the sale, the director now directly owns 37,825 shares in the company, valued at $5,106,375. This trade represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hyatt Hotels Stock Performance

H stock opened at $133.21 on Friday. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 10.71 and a beta of 1.42. Hyatt Hotels Co. has a twelve month low of $102.43 and a twelve month high of $168.20. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The business’s fifty day simple moving average is $122.61 and its two-hundred day simple moving average is $138.45.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.16. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter last year, the business posted $0.71 EPS. Analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Thursday, May 29th were issued a $0.15 dividend. The ex-dividend date was Thursday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.45%. Hyatt Hotels’s payout ratio is 7.79%.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new position in Hyatt Hotels during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new stake in Hyatt Hotels during the 1st quarter valued at $31,000. Venturi Wealth Management LLC increased its holdings in shares of Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after acquiring an additional 300 shares during the period. UMB Bank n.a. raised its position in shares of Hyatt Hotels by 138.8% in the 1st quarter. UMB Bank n.a. now owns 499 shares of the company’s stock worth $61,000 after acquiring an additional 290 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Hyatt Hotels by 78.8% during the 4th quarter. Blue Trust Inc. now owns 581 shares of the company’s stock worth $88,000 after purchasing an additional 256 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on H shares. The Goldman Sachs Group upped their price target on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a “sell” rating in a research note on Friday, May 2nd. Robert W. Baird upped their target price on shares of Hyatt Hotels from $142.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, May 30th. Morgan Stanley dropped their price target on Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Evercore ISI reduced their price objective on Hyatt Hotels from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, Mizuho lowered their price objective on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and a consensus target price of $149.72.

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.