Insider Selling: Hyatt Hotels (NYSE:H) Director Sells 1,119 Shares of Stock

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 shares were sold at an average price of $174.96, for a total transaction of $195,780.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Hyatt Hotels Price Performance

H traded up $5.65 during trading on Tuesday, hitting $179.80. 1,030,923 shares of the stock traded hands, compared to its average volume of 852,115. The business has a 50 day moving average price of $158.18 and a 200 day moving average price of $160.03. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. Hyatt Hotels Corporation has a twelve month low of $127.54 and a twelve month high of $180.53. The company has a market cap 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 earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the business posted $0.46 EPS. Equities research analysts forecast that Hyatt Hotels Corporation will post 3.48 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio (DPR) is -171.43%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on H shares. Citigroup raised their price target on shares of Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Friday, March 27th. Sanford C. Bernstein raised their target price on shares of 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 raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Truist Financial upped their price target on shares of Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $185.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC bought a new stake in Hyatt Hotels during the 4th quarter worth approximately $26,000. Johnson Financial Group Inc. lifted its holdings in shares of Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after purchasing an additional 144 shares during the period. DV Equities LLC bought a new stake in shares of Hyatt Hotels in the fourth quarter worth $32,000. Ares Financial Consulting LLC acquired a new stake in Hyatt Hotels in the fourth quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after purchasing an additional 107 shares during the period. Institutional investors own 73.54% of the company’s stock.

About Hyatt Hotels

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.