Hyatt Hotels Co. (NYSE:H) insider Maryam Banikarim sold 4,992 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $80.17, for a total value of $400,208.64. Following the transaction, the insider now owns 23,840 shares of the company’s stock, valued at $1,911,252.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Hyatt Hotels Co. (NYSE H) traded down $1.88 during trading hours on Friday, reaching $76.36. The company had a trading volume of 616,136 shares, compared to its average volume of 918,932. Hyatt Hotels Co. has a 52 week low of $51.68 and a 52 week high of $83.02. The stock has a market cap of $9,499.97, a P/E ratio of 39.44, a PEG ratio of 11.65 and a beta of 1.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.37.
Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Hyatt Hotels had a return on equity of 6.02% and a net margin of 5.31%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.29 EPS. equities research analysts anticipate that Hyatt Hotels Co. will post 1.5 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. Hyatt Hotels’s dividend payout ratio (DPR) is 30.46%.
Several brokerages have issued reports on H. B. Riley reaffirmed a “buy” rating and set a $84.00 price target (up previously from $80.00) on shares of Hyatt Hotels in a research note on Friday, March 16th. Stifel Nicolaus lifted their price target on Hyatt Hotels from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. SunTrust Banks lifted their price target on Hyatt Hotels to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, February 20th. Evercore ISI raised Hyatt Hotels from an “underperform” rating to an “in-line” rating in a research note on Tuesday, February 20th. Finally, Deutsche Bank boosted their target price on Hyatt Hotels from $78.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $80.69.
Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in shares of Hyatt Hotels by 11.9% in the 2nd quarter. Royal Bank of Canada now owns 6,974 shares of the company’s stock worth $392,000 after buying an additional 741 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Hyatt Hotels by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after acquiring an additional 272 shares in the last quarter. Victory Capital Management Inc. lifted its position in Hyatt Hotels by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 32,043 shares of the company’s stock valued at $1,980,000 after acquiring an additional 1,190 shares in the last quarter. State of Wisconsin Investment Board lifted its position in Hyatt Hotels by 41.2% in the 3rd quarter. State of Wisconsin Investment Board now owns 9,477 shares of the company’s stock valued at $586,000 after acquiring an additional 2,765 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in Hyatt Hotels in the 3rd quarter valued at approximately $212,000. Hedge funds and other institutional investors own 39.19% of the company’s stock.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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