Hyatt Hotels (NYSE:H) Insider David Udell Sells 4,131 Shares

Hyatt Hotels Corporation (NYSE:H) insider David Udell sold 4,131 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $151.10, for a total value of $624,194.10. Following the sale, the insider owned 16,756 shares in the company, valued at approximately $2,531,831.60. The trade was a 19.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

David Udell also recently made the following trade(s):

• On Monday, November 10th, David Udell sold 3,010 shares of Hyatt Hotels stock. The shares were sold at an average price of $157.00, for a total value of $472,570.00.
• On Wednesday, September 3rd, David Udell sold 4,051 shares of Hyatt Hotels stock. The shares were sold at an average price of $145.00, for a total value of $587,395.00.

Hyatt Hotels Stock Up 0.2%

Shares of NYSE:H traded up $0.33 during trading on Wednesday, reaching $156.81. 918,091 shares of the stock were exchanged, compared to its average volume of 955,098. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.20. The stock has a fifty day moving average of $144.64 and a two-hundred day moving average of $139.77. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. The firm 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.

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

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.60 annualized dividend and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is presently -64.52%.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds have recently added to or reduced their stakes in H. Bank of Jackson Hole Trust bought a new stake in Hyatt Hotels in the first quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of Hyatt Hotels by 98.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after acquiring an additional 107 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted 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 valued at $33,000 after acquiring an additional 111 shares during the period. Quent Capital LLC bought a new position in Hyatt Hotels in the 3rd quarter valued at $34,000. Finally, MAI Capital Management increased its stake in Hyatt Hotels by 53.4% in the second quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after purchasing an additional 94 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on H shares. Morgan Stanley raised Hyatt Hotels from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $147.00 to $168.00 in a report on Wednesday, October 22nd. Stifel Nicolaus upped their price target on shares of Hyatt Hotels from $155.00 to $158.00 and gave the company a “hold” rating in a research note on Monday. Truist Financial increased their target price on Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Robert W. Baird boosted their price objective on Hyatt Hotels from $150.00 to $154.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Finally, Citigroup upgraded Hyatt Hotels from a “neutral” rating to a “buy” rating and raised their target price for the stock from $138.00 to $167.00 in a research note on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.60.

Hyatt Hotels Company Profile

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.