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.
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.
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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