Insider Selling: Hyatt Hotels (NYSE:H) Insider Sells 400 Shares of Stock

Hyatt Hotels Corporation (NYSE:H) insider Kinsey Wolf sold 400 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $144.34, for a total transaction of $57,736.00. Following the completion of the sale, the insider directly owned 945 shares of the company’s stock, valued at $136,401.30. This represents a 29.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Kinsey Wolf also recently made the following trade(s):

• On Monday, March 23rd, Kinsey Wolf sold 400 shares of Hyatt Hotels stock. The shares were sold at an average price of $147.28, for a total transaction of $58,912.00.

Hyatt Hotels Price Performance

Shares of NYSE H traded up $3.61 during midday trading on Monday, reaching $145.72. The stock had a trading volume of 631,248 shares, compared to its average volume of 907,806. The company has a market capitalization of $13.77 billion, a price-to-earnings ratio of -260.21, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month high of $180.53. The stock has a 50-day moving average of $160.08 and a 200-day moving average of $155.01. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $1.04. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.78 billion. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. During the same quarter in the prior year, the firm posted $0.42 EPS. As a group, research analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio is presently -107.14%.

Analyst Ratings Changes

H has been the subject of a number of research reports. Truist Financial upped their target price on shares of Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Citigroup increased their price objective on shares of Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Mizuho raised their price objective on Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group started coverage on Hyatt Hotels in a report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.80.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of H. Veritas Asset Management LLP boosted its holdings in Hyatt Hotels by 827.9% during the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after acquiring an additional 1,695,616 shares during the period. Wellington Management Group LLP lifted its position in shares of Hyatt Hotels by 48.0% during the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after purchasing an additional 1,516,554 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after purchasing an additional 843,121 shares during the period. Bank of America Corp DE boosted its stake in shares of Hyatt Hotels by 84.5% during the second quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after purchasing an additional 562,611 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Hyatt Hotels by 24.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock worth $392,548,000 after purchasing an additional 545,003 shares during the last quarter. Hedge funds and other 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.