Hyatt Hotels (NYSE:H) Insider Sells $1,493,304.00 in Stock

Hyatt Hotels Corporation (NYSE:H) insider David Udell sold 8,682 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $172.00, for a total value of $1,493,304.00. Following the sale, the insider directly owned 13,338 shares in the company, valued at approximately $2,294,136. This trade represents a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Hyatt Hotels Price Performance

Shares of H traded up $8.63 during trading hours on Wednesday, hitting $173.03. 852,251 shares of the company were exchanged, compared to its average volume of 853,428. The company has a market cap of $16.29 billion, a price-to-earnings ratio of -494.36 and a beta of 1.33. Hyatt Hotels Corporation has a fifty-two week low of $124.82 and a fifty-two week high of $180.53. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The firm’s fifty day moving average is $156.30 and its 200 day moving average is $159.00.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.46 EPS. On average, equities analysts anticipate that Hyatt Hotels Corporation will post 3.46 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be paid 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 yield of 0.3%. Hyatt Hotels’s payout ratio is presently -171.43%.

Analyst Upgrades and Downgrades

H has been the subject of several research analyst reports. Citigroup boosted their target price on Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. boosted their target price on Hyatt Hotels from $181.00 to $186.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Evercore reissued an “in-line” rating and set a $175.00 target price (up from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Morgan Stanley boosted their target price on Hyatt Hotels from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Finally, Wall Street Zen downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. One 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 company. According to MarketBeat, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and an average price target of $185.07.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in H. Johnson Financial Group Inc. raised its holdings in Hyatt Hotels by 450.0% in 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 during the last quarter. Los Angeles Capital Management LLC bought a new position in Hyatt Hotels in the 4th quarter valued at approximately $26,000. EverSource Wealth Advisors LLC raised its holdings in Hyatt Hotels by 98.2% in 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 during the last quarter. DV Equities LLC bought a new position in Hyatt Hotels in the 4th quarter valued at approximately $32,000. Finally, Ares Financial Consulting LLC bought a new position in Hyatt Hotels in the 4th quarter valued at approximately $34,000. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

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.