Hyatt Hotels (NYSE:H) Insider Jnp 2010-Pg Trust Sells 213,434 Shares

Hyatt Hotels Corporation (NYSE:H - Get Free Report) insider Jnp 2010-Pg Trust sold 213,434 shares of the firm's stock in a transaction on Friday, April 17th. The stock was sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the completion of the sale, the insider owned 213,434 shares in the company, valued at $35,803,553.50. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hyatt Hotels Stock Performance

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NYSE H opened at $170.90 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of -305.18, a P/E/G ratio of 2.08 and a beta of 1.28. The company's fifty day moving average is $155.80 and its two-hundred day moving average is $156.54. Hyatt Hotels Corporation has a 52-week low of $104.60 and a 52-week high of $180.53.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the business posted $0.42 EPS. Equities research analysts forecast that Hyatt Hotels Corporation will post 3.13 EPS for the current year.

Hyatt Hotels Announces Dividend

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The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 2nd. Hyatt Hotels's payout ratio is -107.14%.

Hedge Funds Weigh In On Hyatt Hotels

A number of institutional investors have recently modified their holdings of the stock. Bamco Inc. NY raised its stake in shares of Hyatt Hotels by 2.7% in the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company's stock worth $868,139,000 after acquiring an additional 161,461 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Hyatt Hotels by 21.8% in the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company's stock worth $669,221,000 after acquiring an additional 843,121 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Hyatt Hotels by 48.0% in the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company's stock worth $749,675,000 after acquiring an additional 1,516,554 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Hyatt Hotels by 24.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company's stock worth $392,548,000 after acquiring an additional 545,003 shares during the last quarter. Finally, Veritas Asset Management LLP raised its stake in shares of Hyatt Hotels by 827.9% in the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company's stock worth $304,675,000 after acquiring an additional 1,695,616 shares during the last quarter. 73.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

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Several brokerages have recently weighed in on H. Truist Financial lifted their target price on shares of Hyatt Hotels from $168.00 to $181.00 and gave the company a "buy" rating in a research report on Thursday, March 26th. Wall Street Zen raised shares of Hyatt Hotels from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. Stifel Nicolaus lifted their price target on shares of Hyatt Hotels from $158.00 to $164.00 and gave the company a "hold" rating in a report on Wednesday, December 31st. Mizuho lifted their price target on shares of Hyatt Hotels from $203.00 to $223.00 and gave the company an "outperform" rating in a report on Tuesday, January 13th. Finally, The Goldman Sachs Group began coverage on shares of Hyatt Hotels in a report on Wednesday, January 14th. They set a "buy" rating and a $198.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $181.21.

Check Out Our Latest Stock Report on H

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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