Hyatt Hotels (NYSE:H) Insider David Udell Sells 8,682 Shares of Stock

Hyatt Hotels Corporation (NYSE:H) insider David Udell sold 8,682 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $172.00, for a total value of $1,493,304.00. Following the transaction, the insider directly owned 13,338 shares of the company’s stock, valued at approximately $2,294,136. The trade was a 39.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Hyatt Hotels Stock Up 5.2%

Shares of NYSE H opened at $173.03 on Thursday. 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 market cap of $16.29 billion, a price-to-earnings ratio of -494.36 and a beta of 1.33. Hyatt Hotels Corporation has a 12 month low of $124.82 and a 12 month high of $180.53. The stock has a 50-day moving average price of $156.65 and a two-hundred day moving average price of $159.23.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, April 30th. The company reported $0.63 EPS 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 the consensus estimate 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 firm earned $0.46 earnings per share. As a group, analysts forecast that Hyatt Hotels Corporation will post 3.46 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed 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 currently -171.43%.

Institutional Trading of Hyatt Hotels

Several institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Hyatt Hotels by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock worth $210,000 after purchasing an additional 60 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Hyatt Hotels by 0.8% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock worth $1,339,000 after purchasing an additional 72 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Hyatt Hotels by 18.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock worth $74,000 after purchasing an additional 72 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Hyatt Hotels by 17.8% in the 3rd quarter. Allworth Financial LP now owns 483 shares of the company’s stock worth $69,000 after purchasing an additional 73 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Hyatt Hotels by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock worth $372,000 after purchasing an additional 79 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on H. Wall Street Zen downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Morgan Stanley upped their price objective on Hyatt Hotels from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Friday, March 27th. Barclays upped their price objective on Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Sanford C. Bernstein upped their price objective on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $185.07.

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.