Hyatt Hotels (NYSE:H) Insider Peter Sears Sells 12,394 Shares

Hyatt Hotels Corporation (NYSE:H) insider Peter Sears sold 12,394 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the transaction, the insider directly owned 5,594 shares in the company, valued at approximately $869,922.94. This represents a 68.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hyatt Hotels Stock Up 0.2%

Shares of Hyatt Hotels stock opened at $156.81 on Thursday. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20. The stock has a market cap of $14.97 billion, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of 2.54 and a beta of 1.43. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The company has a fifty day moving average price of $144.91 and a 200 day moving average price of $139.89.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, November 24th. Hyatt Hotels’s dividend payout ratio is currently -64.52%.

Institutional Investors Weigh In On Hyatt Hotels

A number of institutional investors have recently modified their holdings of H. EverSource Wealth Advisors LLC grew its stake in Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after purchasing an additional 107 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Hyatt Hotels by 86.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after buying an additional 111 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Hyatt Hotels in the 3rd quarter worth approximately $34,000. Bank of Jackson Hole Trust bought a new stake in shares of Hyatt Hotels in the 1st quarter valued at approximately $31,000. Finally, MAI Capital Management raised its position in shares of Hyatt Hotels by 53.4% during the 2nd quarter. MAI Capital Management now owns 270 shares of the company’s stock valued at $38,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on H. Morgan Stanley upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $147.00 to $168.00 in a research note on Wednesday, October 22nd. Barclays lifted their price target on shares of Hyatt Hotels from $156.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Truist Financial upped their price objective on shares of Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Stifel Nicolaus lifted their target price on Hyatt Hotels from $155.00 to $158.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Wall Street Zen cut Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Hyatt Hotels presently has an average rating of “Moderate Buy” and an average price target of $158.60.

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.