Peter Sears Sells 12,394 Shares of Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels Corporation (NYSE:H) insider Peter Sears sold 12,394 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $155.51, for a total value of $1,927,390.94. Following the completion of the transaction, the insider owned 5,594 shares of the company’s stock, valued at approximately $869,922.94. This represents a 68.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hyatt Hotels Trading Down 3.2%

H opened at $151.88 on Friday. The firm’s 50 day moving average is $145.04 and its 200-day moving average is $139.97. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.20. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $14.50 billion, a P/E ratio of 36.07, a P/E/G ratio of 2.54 and a beta of 1.43.

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

Hyatt Hotels Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently commented on H shares. Robert W. Baird increased their price target on Hyatt Hotels from $150.00 to $154.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Truist Financial increased their target price on Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Barclays raised their price target on shares of Hyatt Hotels from $156.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hyatt Hotels in a report on Wednesday, October 8th. Finally, Stifel Nicolaus raised their price objective on shares of Hyatt Hotels from $155.00 to $158.00 and gave the stock a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $158.60.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Investment Management Company LLC raised its stake in Hyatt Hotels by 0.8% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock valued at $1,339,000 after purchasing an additional 72 shares during the last quarter. New England Research & Management Inc. raised its position in shares of Hyatt Hotels by 0.3% during the third quarter. New England Research & Management Inc. now owns 23,351 shares of the company’s stock valued at $3,314,000 after buying an additional 80 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Hyatt Hotels by 4.1% in the second quarter. Atria Investments Inc now owns 2,063 shares of the company’s stock valued at $288,000 after buying an additional 81 shares during the period. US Bancorp DE grew its position in Hyatt Hotels by 2.3% during the third quarter. US Bancorp DE now owns 3,788 shares of the company’s stock worth $538,000 after buying an additional 85 shares in the last quarter. Finally, CW Advisors LLC increased its stake in Hyatt Hotels by 4.1% during the second quarter. CW Advisors LLC now owns 2,362 shares of the company’s stock valued at $330,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

About Hyatt Hotels

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.