Key Points
- Hyatt Hotels director Susan Kronick sold 1,119 shares on May 22 at an average price of $174.51, totaling about $195,276.69. After the sale, she still held 31,225 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- Hyatt reported stronger-than-expected quarterly results, posting EPS of $0.63 versus the $0.57 consensus and revenue of $1.75 billion, slightly above estimates. Analysts expect the company to earn 3.48 EPS for the full year.
- Wall Street sentiment remains moderately positive, with recent price-target increases from firms including Truist Financial and Sanford C. Bernstein. The stock’s consensus rating is Moderate Buy with an average target price of $185.50.
Hyatt Hotels Corporation (NYSE:H - Get Free Report) Director Susan Kronick sold 1,119 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total transaction of $195,276.69. Following the sale, the director directly owned 31,225 shares of the company's stock, valued at $5,449,074.75. This represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Hyatt Hotels Stock Performance
NYSE:H opened at $179.80 on Wednesday. The company has a market capitalization of $16.93 billion, a PE ratio of -513.71 and a beta of 1.33. The company has a 50 day simple moving average of $158.99 and a two-hundred day simple moving average of $160.33. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. Hyatt Hotels Corporation has a fifty-two week low of $127.54 and a fifty-two week high of $180.53.
Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same quarter in the prior year, the firm posted $0.46 EPS. Research analysts anticipate that Hyatt Hotels Corporation will post 3.48 earnings per share for the current year.
Hyatt Hotels Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. Hyatt Hotels's dividend payout ratio (DPR) is -171.43%.
Hedge Funds Weigh In On Hyatt Hotels
A number of large investors have recently modified their holdings of H. Goldman Sachs Group Inc. lifted its holdings in shares of Hyatt Hotels by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company's stock worth $52,229,000 after purchasing an additional 29,976 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Hyatt Hotels by 8.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company's stock worth $17,556,000 after purchasing an additional 11,252 shares in the last quarter. Norges Bank bought a new position in shares of Hyatt Hotels in the 2nd quarter worth $616,000. Daiwa Securities Group Inc. lifted its holdings in shares of Hyatt Hotels by 394.6% in the 2nd 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 in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Hyatt Hotels by 61.0% in the 2nd quarter. Sei Investments Co. now owns 68,803 shares of the company's stock worth $9,609,000 after purchasing an additional 26,073 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have recently commented on H shares. Truist Financial raised their price objective on shares of Hyatt Hotels from $181.00 to $187.00 and gave the stock a "buy" rating in a research report on Tuesday. Sanford C. Bernstein raised their price objective on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an "outperform" rating in a research report on Friday, May 15th. Susquehanna reduced their price objective on shares of Hyatt Hotels from $185.00 to $180.00 and set a "neutral" rating for the company in a research report on Monday, May 4th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Hyatt Hotels in a research report on Friday, March 27th. Finally, Wall Street Zen raised shares of Hyatt Hotels from a "sell" rating to a "hold" rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $185.50.
Check Out Our Latest Analysis on H
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.
Further Reading
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