Key Points
- Hyatt Hotels director Susan Kronick sold 1,700 shares at an average price of $179.88, totaling $305,796, under a pre-arranged Rule 10b5-1 trading plan. She retains 29,525 shares valued at approximately $5.31 million.
- Hyatt reported quarterly EPS of $1.12, exceeding analysts’ $0.91 estimate, while revenue reached $1.83 billion and rose 1.2% year over year.
- The company declared a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a 0.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $196.64.
Hyatt Hotels Corporation (NYSE:H - Get Free Report) Director Susan Kronick sold 1,700 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.88, for a total value of $305,796.00. Following the transaction, the director directly owned 29,525 shares in the company, valued at $5,310,957. This trade represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Down 1.5%
H opened at $178.81 on Wednesday. Hyatt Hotels Corporation has a 12 month low of $134.18 and a 12 month high of $206.86. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. The business's 50-day moving average price is $188.33 and its 200-day moving average price is $171.73. The company has a market cap of $16.85 billion, a P/E ratio of 218.07 and a beta of 1.33.
Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.21. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.Hyatt Hotels's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. On average, equities analysts expect that Hyatt Hotels Corporation will post 3.58 EPS for the current year.
Hyatt Hotels Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be issued a $0.15 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. Hyatt Hotels's dividend payout ratio (DPR) is currently 73.17%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in H. Los Angeles Capital Management LLC bought a new stake in shares of Hyatt Hotels during the 4th quarter valued at about $26,000. Johnson Financial Group Inc. raised its stake in Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company's stock worth $25,000 after buying an additional 144 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Hyatt Hotels in the second quarter worth about $39,000. DV Equities LLC bought a new stake in Hyatt Hotels during the 4th quarter valued at approximately $32,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $34,000. 73.54% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Sanford C. Bernstein upped their price target on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an "outperform" rating in a report on Friday, May 15th. Barclays decreased their price objective on shares of Hyatt Hotels from $220.00 to $201.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Truist Financial upped their price objective on shares of Hyatt Hotels from $181.00 to $187.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. Morgan Stanley cut their target price on Hyatt Hotels from $218.00 to $209.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Mizuho boosted their price target on Hyatt Hotels from $219.00 to $221.00 and gave the company an "outperform" rating in a report on Friday, May 29th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Hyatt Hotels presently has an average rating of "Moderate Buy" and an average target price of $196.64.
Read Our Latest 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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