Hyatt Hotels (NYSE:H) Insider Sells 1,364 Shares of Stock

Hyatt Hotels Corporation (NYSE:H) insider Amar Lalvani sold 1,364 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $163.06, for a total transaction of $222,413.84. Following the transaction, the insider directly owned 4,894 shares of the company’s stock, valued at approximately $798,015.64. This represents a 21.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hyatt Hotels Trading Down 0.9%

Shares of H traded down $1.44 during mid-day trading on Wednesday, hitting $158.75. The company had a trading volume of 633,974 shares, compared to its average volume of 847,561. Hyatt Hotels Corporation has a 1-year low of $134.18 and a 1-year high of $206.86. The business’s 50-day simple moving average is $177.48 and its 200-day simple moving average is $172.49. The stock has a market cap of $14.96 billion, a PE ratio of 193.60 and a beta of 1.34. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.21. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. Hyatt Hotels’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. Sell-side analysts forecast that Hyatt Hotels Corporation will post 3.54 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is 73.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wolfe Research began coverage on Hyatt Hotels in a research note on Wednesday, September 2nd. They set an “outperform” rating and a $203.00 price target for the company. Mizuho boosted their target price on Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Wells Fargo & Company increased their target price on shares of Hyatt Hotels from $182.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Truist Financial raised their price target on shares of Hyatt Hotels from $187.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Barclays decreased their price objective on shares of Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $197.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raiffeisen Bank International AG grew its position in shares of Hyatt Hotels by 140.8% during the second quarter. Raiffeisen Bank International AG now owns 171 shares of the company’s stock worth $34,000 after buying an additional 100 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Hyatt Hotels in the second quarter valued at $39,000. Clearstead Advisors LLC boosted its stake in Hyatt Hotels by 619.4% during the 4th quarter. Clearstead Advisors LLC now owns 259 shares of the company’s stock valued at $42,000 after acquiring an additional 223 shares during the last quarter. Evelyn Partners Asset Management Ltd acquired a new position in Hyatt Hotels during the 1st quarter worth $38,000. Finally, Global Retirement Partners LLC grew its holdings in Hyatt Hotels by 1,710.0% during the 4th quarter. Global Retirement Partners LLC now owns 362 shares of the company’s stock worth $58,000 after acquiring an additional 342 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE:H) is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio serves business and leisure travelers across a range of price points, from luxury and lifestyle accommodations to full-service and select-service hotels.

The company’s brands include Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, The Unbound Collection by Hyatt, Destination by Hyatt, Hyatt Place and Hyatt House.