Key Points
- Hyatt insider sale: Director/insider David Udell sold 8,682 shares of Hyatt Hotels at an average price of $172.00, totaling about $1.49 million. After the transaction, he still owned 13,338 shares, a 39.43% reduction in his holdings.
- Stock and earnings backdrop: Hyatt shares were up 5.2% and last traded around $173.03, near their 52-week high of $180.53. The company recently reported quarterly EPS of $0.63, beating estimates, on revenue of $1.75 billion.
- Wall Street outlook and dividend: Analysts currently rate Hyatt as a Moderate Buy with a consensus price target of $185.07, though one firm recently downgraded the stock to sell. Hyatt also declared a quarterly dividend of $0.15 per share, payable June 11.
Hyatt Hotels Corporation (NYSE:H - Get Free Report) insider David Udell sold 8,682 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $172.00, for a total value of $1,493,304.00. Following the completion of the sale, the insider directly owned 13,338 shares of the company's stock, valued at $2,294,136. The trade was a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Hyatt Hotels Trading Up 5.2%
Shares of Hyatt Hotels stock opened at $173.03 on Thursday. Hyatt Hotels Corporation has a 1 year low of $124.82 and a 1 year high of $180.53. The firm has a market cap of $16.29 billion, a PE ratio of -494.36 and a beta of 1.33. The stock has a fifty day moving average price of $156.65 and a 200-day moving average price of $159.23. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60.
Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same quarter in the prior year, the company earned $0.46 EPS. Equities research analysts anticipate that Hyatt Hotels Corporation will post 3.46 EPS for the current year.
Hyatt Hotels Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. Hyatt Hotels's dividend payout ratio is presently -171.43%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target 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. Truist Financial increased their price target on Hyatt Hotels from $168.00 to $181.00 and gave the stock a "buy" rating in a research note on Thursday, March 26th. Morgan Stanley increased their price target on Hyatt Hotels from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, April 10th. Evercore restated an "in-line" rating and issued a $175.00 target price (up from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded Hyatt Hotels from a "hold" rating to a "sell" rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of "Moderate Buy" and a consensus price target of $185.07.
Check Out Our Latest Analysis on H
Hedge Funds Weigh In On Hyatt Hotels
A number of large investors have recently modified their holdings of H. Johnson Financial Group Inc. raised its holdings in shares of Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company's stock valued at $25,000 after buying an additional 144 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Hyatt Hotels during the 4th quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its holdings in shares of Hyatt Hotels by 98.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company's stock valued at $31,000 after buying an additional 107 shares in the last quarter. DV Equities LLC purchased a new position in shares of Hyatt Hotels during the 4th quarter valued at about $32,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of Hyatt Hotels during the 4th quarter valued at about $34,000. 73.54% of the stock is owned by hedge funds and other institutional investors.
About Hyatt Hotels
(
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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