Hyatt Hotels (NYSE:H) Insider Peter Sears Sells 10,217 Shares

Hyatt Hotels Corporation (NYSE:H) insider Peter Sears sold 10,217 shares of Hyatt Hotels stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the transaction, the insider owned 6,374 shares in the company, valued at approximately $1,183,396.84. The trade was a 61.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hyatt Hotels Trading Up 1.2%

NYSE:H traded up $2.14 during trading hours on Monday, hitting $183.50. The company had a trading volume of 877,491 shares, compared to its average volume of 861,894. Hyatt Hotels Corporation has a 1 year low of $127.54 and a 1 year high of $188.50. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average of $161.30 and a 200 day moving average of $160.97. The company has a market cap of $17.28 billion, a P/E ratio of -524.27 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company posted $0.46 EPS. Sell-side analysts expect that Hyatt Hotels Corporation will post 3.49 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. Hyatt Hotels’s dividend payout ratio is -171.43%.

Analyst Ratings Changes

A number of research firms recently commented on H. Wells Fargo & Company upped their price objective on Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Susquehanna reduced their target price on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Citigroup increased their price target on Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Robert W. Baird boosted their price objective on shares of Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a report on Monday. Finally, Mizuho increased their target price on shares of Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $191.00.

Institutional Trading of Hyatt Hotels

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bamco Inc. NY lifted its position in shares of Hyatt Hotels by 2.7% during the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock worth $868,139,000 after purchasing an additional 161,461 shares in the last quarter. Principal Financial Group Inc. increased its stake in Hyatt Hotels by 21.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after buying an additional 843,121 shares during the period. Wellington Management Group LLP lifted its holdings in Hyatt Hotels by 48.0% during the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after buying an additional 1,516,554 shares in the last quarter. Veritas Asset Management LLP boosted its position in Hyatt Hotels by 827.9% in the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after buying an additional 1,695,616 shares during the period. Finally, Bank of Nova Scotia grew its stake in shares of Hyatt Hotels by 2.8% in the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock worth $257,352,000 after acquiring an additional 43,733 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

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.