Key Points
- Insider selling: Hyatt Hotels insider Peter Sears sold 10,217 shares on May 29 at an average price of $185.66, totaling about $1.9 million. After the sale, he retained 6,374 shares, a 61.58% reduction in his position.
- Stock and earnings update: Hyatt shares were up 1.2% and recently traded near their 52-week high, with the stock opening at $183.50. The company also reported quarterly EPS of $0.63, beating analyst expectations of $0.57, on revenue of $1.75 billion.
- Dividend and analyst sentiment: Hyatt declared a quarterly dividend of $0.15 per share, payable June 11, while analysts remain moderately bullish overall. The consensus rating is Moderate Buy with an average price target of $191.00.
Hyatt Hotels Corporation (NYSE:H - Get Free Report) insider Peter Sears sold 10,217 shares of Hyatt Hotels stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the sale, the insider owned 6,374 shares in the company, valued at $1,183,396.84. This trade represents a 61.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Hyatt Hotels Stock Up 1.2%
H opened at $183.50 on Tuesday. The business's 50-day simple moving average is $162.08 and its 200-day simple moving average is $161.16. 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 one year low of $127.54 and a one year high of $188.50. The stock has a market capitalization of $17.28 billion, a P/E ratio of -524.27 and a beta of 1.33.
Hyatt Hotels (NYSE:H - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Analysts anticipate that Hyatt Hotels Corporation will post 3.49 EPS for the current year.
Hyatt Hotels Announces Dividend
The company also recently announced 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 is Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. Hyatt Hotels's payout ratio is -171.43%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on H shares. Susquehanna dropped their price target on Hyatt Hotels from $185.00 to $180.00 and set a "neutral" rating on the stock in a research report on Monday, May 4th. Weiss Ratings restated a "hold (c-)" rating on shares of Hyatt Hotels in a research report on Friday, March 27th. Truist Financial boosted their price target on Hyatt Hotels from $181.00 to $187.00 and gave the company a "buy" rating in a research report on Tuesday, May 26th. Barclays boosted their price target on Hyatt Hotels from $197.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus set a $182.00 price target on Hyatt Hotels in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Hyatt Hotels presently has an average rating of "Moderate Buy" and an average price target of $191.00.
Read Our Latest Stock Analysis on H
Institutional Trading of Hyatt Hotels
Several hedge funds have recently modified their holdings of the business. Glenmede Trust Co. NA lifted its holdings in shares of Hyatt Hotels by 4.0% in the 1st quarter. Glenmede Trust Co. NA now owns 3,943 shares of the company's stock valued at $567,000 after buying an additional 151 shares during the period. Segall Bryant & Hamill LLC grew its holdings in shares of Hyatt Hotels by 1.0% in the 1st quarter. Segall Bryant & Hamill LLC now owns 99,317 shares of the company's stock worth $14,281,000 after acquiring an additional 982 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of Hyatt Hotels by 5.9% in the 1st quarter. Arkadios Wealth Advisors now owns 2,760 shares of the company's stock worth $397,000 after acquiring an additional 154 shares during the period. Amundi grew its holdings in shares of Hyatt Hotels by 70.9% in the 1st quarter. Amundi now owns 189,272 shares of the company's stock worth $27,215,000 after acquiring an additional 78,544 shares during the period. Finally, California State Teachers Retirement System grew its holdings in shares of Hyatt Hotels by 0.8% in the 1st quarter. California State Teachers Retirement System now owns 49,776 shares of the company's stock worth $7,157,000 after acquiring an additional 378 shares during the period. 73.54% of the stock is owned by institutional investors and hedge funds.
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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