Hyatt Hotels (NYSE:H) Director Cary Mcmillan Sells 1,119 Shares

Hyatt Hotels Corporation (NYSE:H) Director Cary Mcmillan sold 1,119 shares of Hyatt Hotels stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.96, for a total value of $195,780.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hyatt Hotels Trading Up 3.2%

NYSE:H traded up $5.65 on Tuesday, reaching $179.80. 1,030,923 shares of the stock traded hands, compared to its average volume of 852,115. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels Corporation has a 1-year low of $127.54 and a 1-year high of $180.53. The company’s 50 day moving average is $158.18 and its 200-day moving average is $160.03. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of -513.71 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company earned $0.46 EPS. Equities research analysts anticipate that Hyatt Hotels Corporation will post 3.48 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio is -171.43%.

Hedge Funds Weigh In On Hyatt Hotels

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Glenmede Trust Co. NA increased its position in Hyatt Hotels by 4.0% in the 1st quarter. Glenmede Trust Co. NA now owns 3,943 shares of the company’s stock valued at $567,000 after buying an additional 151 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in Hyatt Hotels by 1.0% in the first quarter. Segall Bryant & Hamill LLC now owns 99,317 shares of the company’s stock worth $14,281,000 after acquiring an additional 982 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Hyatt Hotels by 5.9% in the first quarter. Arkadios Wealth Advisors now owns 2,760 shares of the company’s stock valued at $397,000 after acquiring an additional 154 shares during the period. Amundi increased its holdings in shares of Hyatt Hotels by 70.9% during the first quarter. Amundi now owns 189,272 shares of the company’s stock valued at $27,215,000 after acquiring an additional 78,544 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Hyatt Hotels by 0.8% during the first quarter. California State Teachers Retirement System now owns 49,776 shares of the company’s stock worth $7,157,000 after purchasing an additional 378 shares during the period. Institutional investors own 73.54% of the company’s stock.

Analyst Ratings Changes

H has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Sanford C. Bernstein raised their target price on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. lifted their target price on Hyatt Hotels from $181.00 to $186.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Barclays increased their price target on Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Truist Financial raised their price objective on shares of Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Moderate Buy” and a consensus price target of $185.50.

Hyatt Hotels Company Profile

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.