Hyatt Hotels Co. (NYSE:H) Insider Mark R. Vondrasek Sells 10,000 Shares

Hyatt Hotels Co. (NYSE:H) insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the sale, the insider now directly owns 9,337 shares in the company, valued at $1,090,561.60. The trade was a 51.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Hyatt Hotels Stock Performance

H stock opened at $121.68 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The company has a 50 day moving average price of $145.42 and a 200 day moving average price of $150.99. Hyatt Hotels Co. has a fifty-two week low of $116.13 and a fifty-two week high of $168.20. The stock has a market capitalization of $11.70 billion, a PE ratio of 9.78 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the firm earned $0.64 EPS. Analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s payout ratio is 4.82%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Evercore ISI raised Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective on the stock in a report on Wednesday, March 5th. Truist Financial reduced their target price on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a report on Friday. The Goldman Sachs Group reduced their target price on Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Finally, Barclays reduced their target price on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $161.97.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Hyatt Hotels by 14.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,326 shares of the company’s stock valued at $365,000 after acquiring an additional 291 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Hyatt Hotels during the 4th quarter valued at $26,000. Toronto Dominion Bank raised its position in shares of Hyatt Hotels by 5.2% during the 4th quarter. Toronto Dominion Bank now owns 6,056 shares of the company’s stock valued at $951,000 after acquiring an additional 301 shares during the last quarter. DigitalBridge Group Inc. raised its position in shares of Hyatt Hotels by 5.7% during the 4th quarter. DigitalBridge Group Inc. now owns 73,462 shares of the company’s stock valued at $11,532,000 after acquiring an additional 3,950 shares during the last quarter. Finally, Twinbeech Capital LP bought a new stake in shares of Hyatt Hotels during the 4th quarter valued at $9,341,000. Institutional investors own 73.54% of the company’s stock.

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.