Hyatt Hotels (NYSE:H) Insider David Udell Sells 3,010 Shares of Stock

Hyatt Hotels Corporation (NYSE:H) insider David Udell sold 3,010 shares of Hyatt Hotels stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $157.00, for a total value of $472,570.00. Following the completion of the transaction, the insider owned 13,746 shares of the company’s stock, valued at $2,158,122. The trade was a 17.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

David Udell also recently made the following trade(s):

• On Friday, November 7th, David Udell sold 4,131 shares of Hyatt Hotels stock. The stock was sold at an average price of $151.10, for a total transaction of $624,194.10.
• On Wednesday, September 3rd, David Udell sold 4,051 shares of Hyatt Hotels stock. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00.

Hyatt Hotels Trading Up 0.2%

Shares of NYSE:H opened at $156.81 on Thursday. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20. The company’s 50 day moving average is $144.91 and its two-hundred day moving average is $139.89. The company has a market cap of $14.97 billion, a PE ratio of 37.25, a P/E/G ratio of 2.54 and a beta of 1.43. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, November 6th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS. Equities analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, November 24th will be issued a $0.15 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio is presently -64.52%.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its holdings in shares of Hyatt Hotels by 98.2% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after buying an additional 107 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Hyatt Hotels by 86.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Hyatt Hotels in the third quarter valued at approximately $34,000. Bank of Jackson Hole Trust acquired a new position in shares of Hyatt Hotels in the first quarter valued at approximately $31,000. Finally, MAI Capital Management raised its stake in shares of Hyatt Hotels by 53.4% during the second quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial boosted their target price on Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Stifel Nicolaus raised their price objective on shares of Hyatt Hotels from $155.00 to $158.00 and gave the stock a “hold” rating in a report on Monday. Robert W. Baird upped their target price on shares of Hyatt Hotels from $150.00 to $154.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Wall Street Zen downgraded shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Finally, Barclays lifted their price target on shares of Hyatt Hotels from $156.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.60.

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.