Hyatt Hotels Co. (NYSE:H) Director Sells $177,779.28 in Stock

Hyatt Hotels Co. (NYSE:HGet Free Report) Director Michael A. Rocca sold 1,189 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the sale, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hyatt Hotels Trading Down 0.8 %

Shares of Hyatt Hotels stock opened at $147.47 on Monday. The firm has a market cap of $14.92 billion, a PE ratio of 22.90 and a beta of 1.49. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Hyatt Hotels Co. has a fifty-two week low of $96.77 and a fifty-two week high of $161.50. The business’s fifty day moving average is $149.41 and its two-hundred day moving average is $141.88.

Hyatt Hotels (NYSE:HGet Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. During the same quarter last year, the company posted $0.41 earnings per share. Analysts anticipate that Hyatt Hotels Co. will post 3.34 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Wednesday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is 9.32%.

Institutional Trading of Hyatt Hotels

Several institutional investors have recently made changes to their positions in H. LRI Investments LLC acquired a new position in shares of Hyatt Hotels in the 1st quarter valued at about $26,000. Riverview Trust Co acquired a new stake in shares of Hyatt Hotels in the first quarter worth $27,000. Quadrant Capital Group LLC raised its stake in shares of Hyatt Hotels by 49.8% in the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock valued at $50,000 after acquiring an additional 127 shares during the period. EntryPoint Capital LLC purchased a new stake in Hyatt Hotels during the 1st quarter worth $53,000. Finally, GAMMA Investing LLC acquired a new stake in Hyatt Hotels in the 4th quarter valued at $59,000. 71.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on H. Wells Fargo & Company raised their target price on Hyatt Hotels from $138.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Robert W. Baird boosted their price objective on shares of Hyatt Hotels from $160.00 to $162.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. JPMorgan Chase & Co. increased their target price on shares of Hyatt Hotels from $162.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Morgan Stanley lowered Hyatt Hotels from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $149.00 to $156.00 in a research note on Monday, March 11th. Finally, Truist Financial dropped their price objective on Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and an average price target of $148.31.

Get Our Latest Analysis on H

About Hyatt Hotels

(Get Free Report)

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.

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Insider Buying and Selling by Quarter for Hyatt Hotels (NYSE:H)

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