Hyatt Hotels Co. (H) Insider Sells $285,636.00 in Stock
Hyatt Hotels Co. (NYSE:H) insider David Udell sold 3,662 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $78.00, for a total value of $285,636.00. Following the completion of the sale, the insider now owns 4,337 shares in the company, valued at approximately $338,286. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
David Udell also recently made the following trade(s):
- On Wednesday, February 20th, David Udell sold 6,486 shares of Hyatt Hotels stock. The stock was sold at an average price of $74.00, for a total value of $479,964.00.
Shares of H stock opened at $76.56 on Wednesday. Hyatt Hotels Co. has a 12 month low of $63.45 and a 12 month high of $84.89. The stock has a market cap of $8.15 billion, a PE ratio of 38.67, a PEG ratio of 9.29 and a beta of 1.10. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 0.56.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 29th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, May 28th. Hyatt Hotels’s payout ratio is 38.38%.
Several hedge funds have recently made changes to their positions in H. JPMorgan Chase & Co. boosted its stake in shares of Hyatt Hotels by 110.2% during the third quarter. JPMorgan Chase & Co. now owns 1,106,350 shares of the company’s stock valued at $88,055,000 after purchasing an additional 580,125 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Hyatt Hotels by 67.4% during the third quarter. Bank of New York Mellon Corp now owns 349,395 shares of the company’s stock valued at $27,810,000 after purchasing an additional 140,616 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Hyatt Hotels by 8.5% during the third quarter. Neuberger Berman Group LLC now owns 386,515 shares of the company’s stock valued at $30,762,000 after purchasing an additional 30,159 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Hyatt Hotels during the fourth quarter valued at about $515,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Hyatt Hotels by 97.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,675 shares of the company’s stock valued at $2,344,000 after purchasing an additional 17,109 shares in the last quarter. 36.36% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on H. ValuEngine upgraded Hyatt Hotels from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Zacks Investment Research cut Hyatt Hotels from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Morgan Stanley set a $76.00 price target on Hyatt Hotels and gave the stock a “hold” rating in a research report on Thursday, March 28th. Wells Fargo & Co restated a “buy” rating on shares of Hyatt Hotels in a research report on Friday, January 25th. Finally, SunTrust Banks raised their price target on Hyatt Hotels from $78.00 to $82.00 and gave the stock a “hold” rating in a research report on Tuesday, February 19th. Thirteen analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $79.25.
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Hyatt Hotels Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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