Susan Kronick Sells 1,119 Shares of Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels Corporation (NYSE:H) Director Susan Kronick sold 1,119 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total value of $195,276.69. Following the completion of the sale, the director owned 31,225 shares of the company’s stock, valued at approximately $5,449,074.75. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hyatt Hotels Trading Up 2.2%

NYSE H opened at $183.46 on Thursday. Hyatt Hotels Corporation has a fifty-two week low of $127.54 and a fifty-two week high of $183.71. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50 day simple moving average of $159.83 and a two-hundred day simple moving average of $160.59. The stock has a market cap of $17.27 billion, a P/E ratio of -524.17 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $0.46 EPS. On average, analysts forecast that Hyatt Hotels Corporation will post 3.48 earnings per share 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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is presently -171.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley raised their target price on Hyatt Hotels from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Truist Financial raised their target price on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup raised their target price on Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Barclays raised their target price on Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Hyatt Hotels has an average rating of “Moderate Buy” and an average target price of $185.50.

Key Headlines Impacting Hyatt Hotels

Here are the key news stories impacting Hyatt Hotels this week:

• Positive Sentiment: Truist Financial raised its price target on Hyatt Hotels to $187 from $181 and reiterated a buy rating, reinforcing the view that the stock still has room to run. Article Title
• Positive Sentiment: Several analysts remain constructive on Hyatt, with Sanford C. Bernstein lifting its target to $202 and the broader consensus still sitting at Moderate Buy, which supports investor optimism.
• Neutral Sentiment: Hyatt continues to show solid recent operating momentum after reporting Q1 EPS of $0.63, ahead of estimates, and revenue of $1.75 billion, also slightly above expectations. Article Title
• Neutral Sentiment: Institutional investors such as Goldman Sachs and UBS AM increased holdings in Hyatt, suggesting ongoing support from large shareholders. Article Title
• Negative Sentiment: Director Susan Kronick sold 1,119 shares, and Director Cary D. Mcmillan also sold 1,119 shares; although both trades were made under pre-arranged 10b5-1 plans, insider selling can still weigh on sentiment. Article Title

Institutional Trading of Hyatt Hotels

Large investors have recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new stake in shares of Hyatt Hotels in the fourth quarter worth $26,000. Johnson Financial Group Inc. lifted its position in Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares in the last quarter. DV Equities LLC purchased a new position in Hyatt Hotels during the fourth quarter valued at $32,000. Ares Financial Consulting LLC purchased a new position in Hyatt Hotels during the fourth quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC lifted its position in Hyatt Hotels by 98.2% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

About Hyatt Hotels

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.