Hyatt Hotels Co. (NYSE:H) Insider Jnp Parachute Mirror Trust L Sells 53,361 Shares

Hyatt Hotels Co. (NYSE:H) insider Jnp Parachute Mirror Trust L sold 53,361 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total value of $7,083,672.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hyatt Hotels Stock Performance

Hyatt Hotels stock opened at $135.30 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average of $118.88 and a 200-day moving average of $141.20. The firm has a market cap of $13.01 billion, a P/E ratio of 10.88 and a beta of 1.36. Hyatt Hotels Co. has a 1-year low of $102.43 and a 1-year high of $168.20.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.16. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. Sell-side analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Thursday, May 29th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Thursday, May 29th. Hyatt Hotels’s payout ratio is currently 7.79%.

Hedge Funds Weigh In On Hyatt Hotels

A number of institutional investors have recently bought and sold shares of H. Long Pond Capital LP bought a new position in Hyatt Hotels in the first quarter worth about $191,922,000. Raymond James Financial Inc. bought a new position in Hyatt Hotels in the fourth quarter worth about $77,136,000. Invesco Ltd. raised its stake in Hyatt Hotels by 241.4% in the fourth quarter. Invesco Ltd. now owns 679,557 shares of the company’s stock worth $106,677,000 after buying an additional 480,523 shares in the last quarter. Principal Financial Group Inc. raised its stake in Hyatt Hotels by 16.4% in the first quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company’s stock worth $384,132,000 after buying an additional 441,417 shares in the last quarter. Finally, Norges Bank bought a new position in Hyatt Hotels in the fourth quarter worth about $61,572,000. 73.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Macquarie cut their price target on shares of Hyatt Hotels from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Evercore ISI cut their price target on shares of Hyatt Hotels from $175.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Barclays upped their price target on shares of Hyatt Hotels from $122.00 to $127.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Mizuho cut their price target on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Finally, Morgan Stanley cut their price target on shares of Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $151.17.

About Hyatt Hotels

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.