Hyatt Hotels Co. (NYSE:H) Insider Sells $122,950.00 in Stock

Hyatt Hotels Co. (NYSE:H) insider Kinsey Wolf sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the transaction, the insider now directly owns 811 shares of the company’s stock, valued at $99,712.45. The trade was a 55.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Hyatt Hotels Stock Down 1.8 %

Shares of H opened at $121.68 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. Hyatt Hotels Co. has a one year low of $116.13 and a one year high of $168.20. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 9.78 and a beta of 1.51. The stock has a 50 day moving average price of $145.42 and a 200 day moving average price of $151.00.

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

Hyatt Hotels Announces Dividend

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

Institutional Trading of Hyatt Hotels

Several large investors have recently added to or reduced their stakes in H. Bamco Inc. NY lifted its stake in shares of Hyatt Hotels by 1.2% in the 4th quarter. Bamco Inc. NY now owns 5,550,789 shares of the company’s stock valued at $871,363,000 after purchasing an additional 67,385 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Hyatt Hotels by 0.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company’s stock valued at $447,376,000 after purchasing an additional 9,477 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Hyatt Hotels by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock valued at $422,960,000 after purchasing an additional 46,413 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Hyatt Hotels by 3.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after purchasing an additional 56,082 shares during the last quarter. Finally, Bank of Nova Scotia lifted its stake in shares of Hyatt Hotels by 2.2% in the 4th quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company’s stock valued at $269,532,000 after purchasing an additional 37,057 shares during the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on H shares. JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Jefferies Financial Group boosted their price target on Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Wells Fargo & Company decreased their price target on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Truist Financial decreased their price target on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a report on Friday. Finally, Morgan Stanley decreased their price target on Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $161.97.

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.