Hyatt Hotels (NYSE:H) Director Cary Mcmillan Sells 1,119 Shares of Stock

Hyatt Hotels Corporation (NYSE:H) Director Cary Mcmillan sold 1,119 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total value of $195,780.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hyatt Hotels Stock Up 3.2%

Shares of NYSE:H opened at $179.80 on Wednesday. Hyatt Hotels Corporation has a 1 year low of $127.54 and a 1 year high of $180.53. The business has a 50 day simple moving average of $158.99 and a two-hundred day simple moving average of $160.33. The firm has a market capitalization of $16.93 billion, a PE ratio of -513.71 and a beta of 1.33. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, equities analysts predict that Hyatt Hotels Corporation will post 3.48 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 29th. Hyatt Hotels’s payout ratio is currently -171.43%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Sanford C. Bernstein lifted their price target on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Wells Fargo & Company lifted their price target on shares of Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Barclays lifted their price target on shares of Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Truist Financial lifted their price target on shares of Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and an average price target of $185.50.

Hedge Funds Weigh In On Hyatt Hotels

A number of large investors have recently bought and sold shares of H. Johnson Financial Group Inc. raised its stake in Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after buying an additional 144 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Hyatt Hotels in the fourth quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its position in shares of Hyatt Hotels by 98.2% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after purchasing an additional 107 shares in the last quarter. DV Equities LLC acquired a new position in shares of Hyatt Hotels during the fourth quarter worth $32,000. Finally, Ares Financial Consulting LLC acquired a new position in shares of Hyatt Hotels during the fourth quarter worth $34,000. Institutional investors 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 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.