Hyatt Hotels (NYSE:H) Director Sells $305,796.00 in Stock

Hyatt Hotels Corporation (NYSE:H) Director Susan Kronick sold 1,700 shares of Hyatt Hotels stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the sale, the director owned 29,525 shares of the company’s stock, valued at approximately $5,310,957. This represents a 5.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hyatt Hotels Stock Performance

H stock opened at $179.28 on Friday. Hyatt Hotels Corporation has a twelve month low of $134.18 and a twelve month high of $206.86. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. The company has a market cap of $16.90 billion, a P/E ratio of 218.64 and a beta of 1.33. The business’s fifty day moving average is $187.80 and its 200-day moving average is $172.07.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.21. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. Hyatt Hotels’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. Equities research analysts forecast that Hyatt Hotels Corporation will post 3.55 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, August 27th. Hyatt Hotels’s payout ratio is presently 73.17%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Sanford C. Bernstein raised their price objective on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Wells Fargo & Company increased their price target on shares of Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. JPMorgan Chase & Co. decreased their target price on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday, June 24th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $196.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its holdings in Hyatt Hotels by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after acquiring an additional 29,976 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Hyatt Hotels by 8.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock valued at $17,556,000 after acquiring an additional 11,252 shares during the last quarter. Norges Bank acquired a new position in shares of Hyatt Hotels during the second quarter worth $616,000. Daiwa Securities Group Inc. grew its stake in shares of Hyatt Hotels by 394.6% in the second quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock worth $2,418,000 after purchasing an additional 13,812 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Hyatt Hotels by 61.0% in the second quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock valued at $9,609,000 after purchasing an additional 26,073 shares during the period. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

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.