Hyatt Hotels Co. Announces Quarterly Dividend of $0.15 (H)

Hyatt Hotels Co. (NYSE:H) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Stockholders of record on Thursday, March 22nd will be given a dividend of 0.15 per share on Thursday, March 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.74%.

Hyatt Hotels (NYSE:H) traded up $1.90 during trading hours on Wednesday, hitting $80.54. The stock had a trading volume of 1,857,771 shares, compared to its average volume of 886,063. The stock has a market capitalization of $9,245.28, a price-to-earnings ratio of 43.20, a PEG ratio of 12.02 and a beta of 1.31. Hyatt Hotels has a 52-week low of $50.21 and a 52-week high of $82.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.06.

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 49,173 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the completion of the transaction, the insider now owns 300,655 shares of the company’s stock, valued at $21,508,858.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider P.G. Penny Trust sold 600,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $70.00, for a total value of $42,000,000.00. Following the transaction, the insider now directly owns 600,000 shares of the company’s stock, valued at approximately $42,000,000. The disclosure for this sale can be found here. Insiders sold 663,536 shares of company stock valued at $46,523,850 in the last ninety days. 27.51% of the stock is currently owned by insiders.

Hyatt Hotels announced that its board has authorized a share repurchase plan on Thursday, December 14th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

A number of research firms have recently weighed in on H. SunTrust Banks reissued a “hold” rating and set a $61.00 price objective on shares of Hyatt Hotels in a research note on Tuesday, October 17th. Berenberg Bank raised Hyatt Hotels from a “hold” rating to a “buy” rating and increased their price objective for the company from $69.20 to $78.00 in a research note on Friday, November 10th. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Thursday, December 14th. Morgan Stanley raised their price target on Hyatt Hotels from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $78.00 price target on shares of Hyatt Hotels in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $74.69.

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About Hyatt Hotels

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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