Hyatt Hotels Corporation (H) to Distribute Quarterly Dividend of $0.15 on September 10th

Hyatt Hotels Corporation (NYSE:H) declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Thursday, August 27th will be given a dividend of 0.15 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 27th.

Hyatt Hotels has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. Hyatt Hotels has a payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hyatt Hotels to earn $5.03 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 11.9%.

Hyatt Hotels Trading Down 1.6%

Hyatt Hotels stock opened at $173.84 on Friday. The stock has a 50-day moving average price of $190.42 and a 200 day moving average price of $170.63. Hyatt Hotels has a 52 week low of $133.51 and a 52 week high of $206.86. The stock has a market cap of $16.37 billion, a PE ratio of 212.00 and a beta of 1.32. 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 (NYSE:H) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.24%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities research analysts predict that Hyatt Hotels will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Peter Sears sold 10,217 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the completion of the sale, the insider owned 6,374 shares of the company’s stock, valued at $1,183,396.84. This represents a 61.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Udell sold 2,087 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total transaction of $392,356.00. Following the completion of the transaction, the insider owned 16,638 shares in the company, valued at $3,127,944. This represents a 11.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,224 shares of company stock valued at $4,173,605 in the last ninety days. Corporate insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently bought and sold shares of H. E. Ohman J or Asset Management AB boosted its stake in shares of Hyatt Hotels by 75.0% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 1,400 shares of the company’s stock valued at $271,000 after buying an additional 600 shares during the last quarter. Gradient Investments LLC bought a new stake in shares of Hyatt Hotels in the second quarter worth $1,580,000. Scott & Selber Inc. acquired a new stake in Hyatt Hotels in the second quarter valued at $203,000. Cooper Financial Group boosted its stake in Hyatt Hotels by 6.2% during the 2nd quarter. Cooper Financial Group now owns 4,934 shares of the company’s stock valued at $956,000 after acquiring an additional 287 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in Hyatt Hotels by 7.3% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 8,230 shares of the company’s stock worth $1,595,000 after acquiring an additional 560 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

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.