Hyatt Hotels (NYSE:H) Director Sells 1,700 Shares

Hyatt Hotels Corporation (NYSE:H) Director Susan Kronick sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the transaction, the director owned 29,525 shares in the company, valued at approximately $5,310,957. This trade represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hyatt Hotels Price Performance

NYSE H traded down $2.79 during trading hours on Tuesday, reaching $178.81. 682,628 shares of the stock traded hands, compared to its average volume of 866,474. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a 50 day simple moving average of $188.63 and a two-hundred day simple moving average of $171.59. Hyatt Hotels Corporation has a 1 year low of $134.18 and a 1 year high of $206.86. The company has a market cap of $16.85 billion, a price-to-earnings ratio of 218.07 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.91 by $0.21. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. On average, analysts predict that Hyatt Hotels Corporation will post 3.58 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 73.17%.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently made changes to their positions in H. Bamco Inc. NY bought a new position in Hyatt Hotels in the 2nd quarter worth $1,028,638,000. Wellington Management Group LLP grew its holdings in Hyatt Hotels by 48.0% during the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after purchasing an additional 1,516,554 shares during the period. BlackRock Inc. purchased a new stake in Hyatt Hotels in the second quarter worth about $249,931,000. Veritas Asset Management LLP raised its stake in shares of Hyatt Hotels by 827.9% in the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after buying an additional 1,695,616 shares during the period. Finally, Bank of Nova Scotia raised its stake in shares of Hyatt Hotels by 2.8% in the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock worth $257,352,000 after buying an additional 43,733 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

H has been the topic of several research reports. Sanford C. Bernstein lifted their price target on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Susquehanna increased their price target on shares of Hyatt Hotels from $180.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Mizuho lifted their price target on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Finally, HSBC upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price objective on the stock in a report on Thursday, June 4th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $196.64.

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.