Key Points
- Kinsey Wolf, a Hyatt insider, sold 400 shares on March 19 at $144.34 and another 400 on March 23 at $147.28, totaling about $116,648 in sales; the March 19 filing showed her stake fell by 29.74% to 945 shares.
- Hyatt beat quarterly EPS estimates ($1.33 vs. $0.29) with $1.79B in revenue, recently paid a $0.15 quarterly dividend (0.4% yield), and carries a consensus analyst rating of Moderate Buy with an average target of $175.80.
Hyatt Hotels Corporation (NYSE:H - Get Free Report) insider Kinsey Wolf sold 400 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $144.34, for a total transaction of $57,736.00. Following the sale, the insider owned 945 shares of the company's stock, valued at approximately $136,401.30. This trade represents a 29.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Kinsey Wolf also recently made the following trade(s):
- On Monday, March 23rd, Kinsey Wolf sold 400 shares of Hyatt Hotels stock. The shares were sold at an average price of $147.28, for a total transaction of $58,912.00.
Hyatt Hotels Stock Performance
Shares of Hyatt Hotels stock opened at $145.72 on Tuesday. The business has a 50-day moving average price of $159.70 and a two-hundred day moving average price of $155.01. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $180.53. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The company has a market cap of $13.77 billion, a P/E ratio of -260.21, a PEG ratio of 1.68 and a beta of 1.22.
Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $1.04. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the business earned $0.42 EPS. As a group, analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current year.
Hyatt Hotels Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 2nd. Hyatt Hotels's dividend payout ratio is presently -107.14%.
Institutional Trading of Hyatt Hotels
A number of hedge funds and other institutional investors have recently bought and sold shares of H. Hsbc Holdings PLC raised its holdings in Hyatt Hotels by 598.1% during the fourth quarter. Hsbc Holdings PLC now owns 74,659 shares of the company's stock worth $12,005,000 after buying an additional 63,965 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Hyatt Hotels by 89.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 6,517 shares of the company's stock valued at $1,045,000 after buying an additional 3,073 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of Hyatt Hotels during the fourth quarter worth about $2,237,000. MidFirst Bank acquired a new stake in shares of Hyatt Hotels in the 4th quarter worth about $340,000. Finally, Pacer Advisors Inc. raised its holdings in shares of Hyatt Hotels by 17.5% in the 4th quarter. Pacer Advisors Inc. now owns 6,558 shares of the company's stock worth $1,051,000 after acquiring an additional 977 shares during the last quarter. Institutional investors own 73.54% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Hyatt Hotels from $178.00 to $179.00 and gave the company an "overweight" rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a "hold (c-)" rating on shares of Hyatt Hotels in a report on Monday, December 29th. Evercore reiterated an "in-line" rating and set a $175.00 price objective (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. Morgan Stanley cut their price objective on shares of Hyatt Hotels from $194.00 to $185.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company raised their target price on Hyatt Hotels from $167.00 to $171.00 and gave the company an "equal weight" rating in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $175.80.
Read Our Latest Stock Analysis on Hyatt Hotels
Hyatt Hotels Company Profile
(
Get Free Report)
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.
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