Hyatt Hotels (NYSE:H) Insider David Udell Sells 2,087 Shares

Hyatt Hotels Corporation (NYSE:H) insider David Udell sold 2,087 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total transaction of $392,356.00. Following the transaction, the insider owned 16,638 shares of the company’s stock, valued at approximately $3,127,944. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, May 18th, David Udell sold 8,682 shares of Hyatt Hotels stock. The shares were sold at an average price of $172.00, for a total value of $1,493,304.00.

Hyatt Hotels Stock Up 0.5%

NYSE H opened at $186.18 on Thursday. The business has a fifty day moving average price of $163.76 and a 200 day moving average price of $161.60. Hyatt Hotels Corporation has a one year low of $127.59 and a one year high of $190.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $17.53 billion, a P/E ratio of -531.93 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the company earned $0.46 EPS. Research analysts anticipate that Hyatt Hotels Corporation will post 3.59 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

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

Key Headlines Impacting Hyatt Hotels

Here are the key news stories impacting Hyatt Hotels this week:

• Positive Sentiment: CNBC’s “Final Trades” segment highlighted Hyatt, with BMO Capital Markets’ Belski and other commentators expressing support for the name, which can reinforce investor confidence. Article: American Airlines, Hyatt Hotels And More On CNBC’s ‘Final Trades’
• Positive Sentiment: Hyatt’s summer promotions, including member savings of up to 25% and bonus-point offers, could help drive bookings and occupancy during a key travel period. Article: World of Hyatt Debuts Global Summer Offers
• Positive Sentiment: Recent earnings showed Hyatt beat expectations on both EPS and revenue, and analysts have generally maintained a moderate buy view with several price-target increases, supporting the stock’s longer-term momentum. Reference: Hyatt Hotels stock page

Analysts Set New Price Targets

H has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Sanford C. Bernstein raised their target price on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Wells Fargo & Company raised their target price on Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Finally, Mizuho raised their target price on Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Hyatt Hotels presently has an average rating of “Moderate Buy” and a consensus target price of $191.00.

Institutional Trading of Hyatt Hotels

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC grew its position in shares of Hyatt Hotels by 4.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock worth $210,000 after buying an additional 60 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in shares of Hyatt Hotels by 0.8% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock worth $1,339,000 after buying an additional 72 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Hyatt Hotels by 18.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock worth $74,000 after buying an additional 72 shares in the last quarter. Allworth Financial LP grew its position in shares of Hyatt Hotels by 17.8% during the third quarter. Allworth Financial LP now owns 483 shares of the company’s stock worth $69,000 after buying an additional 73 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Hyatt Hotels by 3.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock worth $372,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds 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.