Hyatt Hotels Co. (NYSE:H - Get Free Report) insider Joan Bottarini sold 10,695 shares of the business's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the sale, the insider now owns 16,104 shares of the company's stock, valued at $2,398,207.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Hyatt Hotels Price Performance
Shares of NYSE H opened at $150.43 on Friday. The company has a market capitalization of $15.22 billion, a PE ratio of 73.74, a PEG ratio of 21.64 and a beta of 1.49. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. The stock's 50 day moving average price is $154.57 and its 200-day moving average price is $133.22. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $161.50.
Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the firm earned $2.55 EPS. On average, equities analysts anticipate that Hyatt Hotels Co. will post 3.24 EPS for the current year.
Hyatt Hotels Announces Dividend
The ONE AI Stock to own now. (It’s not Nvidia.)
From Weiss Ratings | Ad
Don’t panic — you haven’t missed the boat on AI.
In fact, it has barely launched.
Sure, the early stages of this boom were big …
But I believe the real wealth in AI has yet to be made …
Click here to see the presentation now.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Wednesday, February 28th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Tuesday, February 27th. Hyatt Hotels's dividend payout ratio is currently 29.41%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on H shares. Evercore ISI reaffirmed an "in-line" rating and set a $135.00 price objective on shares of Hyatt Hotels in a research report on Monday, February 5th. Wells Fargo & Company boosted their price objective on shares of Hyatt Hotels from $138.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday, February 26th. StockNews.com downgraded shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research report on Thursday, April 25th. Redburn Atlantic downgraded Hyatt Hotels from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $120.00 to $130.00 in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada increased their target price on shares of Hyatt Hotels from $37.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $141.88.
Check Out Our Latest Research Report on H
Institutional Trading of Hyatt Hotels
Several hedge funds have recently made changes to their positions in H. Norges Bank bought a new stake in shares of Hyatt Hotels in the fourth quarter valued at approximately $72,086,000. Bain Capital Public Equity Management II LLC purchased a new position in Hyatt Hotels in the 4th quarter valued at approximately $57,284,000. Franklin Resources Inc. raised its holdings in Hyatt Hotels by 28.5% during the 4th quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company's stock valued at $254,061,000 after acquiring an additional 432,594 shares during the period. Artemis Investment Management LLP purchased a new stake in shares of Hyatt Hotels during the first quarter worth $48,302,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Hyatt Hotels by 33.3% in the third quarter. Canada Pension Plan Investment Board now owns 903,230 shares of the company's stock worth $95,815,000 after acquiring an additional 225,530 shares during the period. 71.02% of the stock is currently owned by institutional investors.
Hyatt Hotels Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
