Insider Selling: Hyatt Hotels (NYSE:H) Director Sells $195,780.24 in Stock

Hyatt Hotels Corporation (NYSE:H) Director Cary Mcmillan sold 1,119 shares of Hyatt Hotels stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $174.96, for a total value of $195,780.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hyatt Hotels Stock Performance

Shares of H opened at $185.10 on Friday. The stock has a 50-day simple moving average of $160.58 and a 200-day simple moving average of $160.80. 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 market capitalization of $17.43 billion, a PE ratio of -528.86 and a beta of 1.33. Hyatt Hotels Corporation has a 1 year low of $127.54 and a 1 year high of $188.50.

Hyatt Hotels (NYSE:H) last posted its earnings results 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 firm 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 in the previous year, the business earned $0.46 earnings per share. On average, analysts predict that Hyatt Hotels Corporation will post 3.48 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. Investors of record on Friday, May 29th will be paid a dividend of $0.15 per share. The ex-dividend date 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%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in Hyatt Hotels by 14.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company’s stock valued at $41,083,000 after buying an additional 32,048 shares during the last quarter. Principal Financial Group Inc. grew its position in Hyatt Hotels by 21.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after buying an additional 843,121 shares during the last quarter. Veritas Asset Management LLP purchased a new position in Hyatt Hotels in the 3rd quarter valued at $29,067,000. JPMorgan Chase & Co. grew its position in Hyatt Hotels by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock valued at $20,911,000 after buying an additional 22,071 shares during the last quarter. Finally, Assetmark Inc. grew its position in Hyatt Hotels by 4.4% in the 3rd quarter. Assetmark Inc. now owns 80,300 shares of the company’s stock valued at $11,397,000 after buying an additional 3,387 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analyst Ratings Changes

H has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Barclays boosted their target price on Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Truist Financial boosted their target price on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday. 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.50.

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.