Hyatt Hotels Co. (NYSE:H) Announces Quarterly Dividend of $0.15

Hyatt Hotels Co. (NYSE:H) announced a quarterly dividend on Thursday, May 9th, Zacks reports. Shareholders of record on Wednesday, May 29th will be given a dividend of 0.15 per share on Tuesday, June 11th. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, May 29th.

Hyatt Hotels has raised its dividend payment by an average of 31.0% per year over the last three years. Hyatt Hotels has a dividend payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hyatt Hotels to earn $4.29 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 14.0%.

Hyatt Hotels Stock Down 0.9 %

Shares of NYSE:H traded down $1.36 during trading on Friday, hitting $150.91. The company’s stock had a trading volume of 203,058 shares, compared to its average volume of 663,823. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.60. The company has a market capitalization of $15.27 billion, a PE ratio of 74.62, a PEG ratio of 21.47 and a beta of 1.49. Hyatt Hotels has a fifty-two week low of $96.77 and a fifty-two week high of $161.50. The stock’s 50-day moving average price is $154.44 and its two-hundred day moving average price is $134.51.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. During the same period in the prior year, the company posted $0.41 earnings per share. As a group, sell-side analysts expect that Hyatt Hotels will post 3.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Mizuho dropped their price objective on Hyatt Hotels from $197.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Royal Bank of Canada increased their price target on shares of Hyatt Hotels from $37.00 to $41.00 and gave the company a “sector perform” rating in a report on Wednesday, February 14th. Robert W. Baird lifted their price objective on Hyatt Hotels from $116.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Truist Financial increased their price target on Hyatt Hotels from $143.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Stifel Nicolaus boosted their target price on shares of Hyatt Hotels from $146.00 to $154.00 and gave the company a “hold” rating in a report on Thursday, April 11th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels has an average rating of “Hold” and an average price target of $143.19.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 9,867 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $154.11, for a total value of $1,520,603.37. Following the sale, the insider now directly owns 5,100 shares of the company’s stock, valued at approximately $785,961. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Mark Samuel Hoplamazian sold 75,457 shares of Hyatt Hotels stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total value of $11,957,670.79. Following the completion of the transaction, the insider now directly owns 459,000 shares of the company’s stock, valued at approximately $72,737,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark R. Vondrasek sold 9,867 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $154.11, for a total transaction of $1,520,603.37. Following the sale, the insider now owns 5,100 shares in the company, valued at approximately $785,961. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,084,248 shares of company stock valued at $326,572,489. 23.50% of the stock is owned by insiders.

Hyatt Hotels Company Profile

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.