Hyatt Hotels Co. (NYSE:H) Director Susan D. Kronick Sells 1,600 Shares

Hyatt Hotels Co. (NYSE:H) Director Susan D. Kronick sold 1,600 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $135.00, for a total value of $216,000.00. Following the transaction, the director now directly owns 37,825 shares in the company, valued at $5,106,375. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $130.43 on Friday. Hyatt Hotels Co. has a 52 week low of $102.43 and a 52 week high of $168.20. The business’s fifty day simple moving average is $123.14 and its 200-day simple moving average is $138.28. The firm has a market cap of $12.45 billion, a PE ratio of 10.48 and a beta of 1.42. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company posted $0.71 EPS. Equities analysts forecast that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Thursday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 7.79%.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds have recently bought and sold shares of the company. Bernard Wealth Management Corp. acquired a new position in Hyatt Hotels during the 4th quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new position in Hyatt Hotels during the 1st quarter worth about $31,000. Venturi Wealth Management LLC lifted its stake in Hyatt Hotels by 750.0% during the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after acquiring an additional 300 shares in the last quarter. UMB Bank n.a. lifted its stake in Hyatt Hotels by 138.8% during the 1st quarter. UMB Bank n.a. now owns 499 shares of the company’s stock worth $61,000 after acquiring an additional 290 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Hyatt Hotels by 78.8% during the 4th quarter. Blue Trust Inc. now owns 581 shares of the company’s stock worth $88,000 after acquiring an additional 256 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on H. Susquehanna raised their price objective on Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Barclays raised their price objective on Hyatt Hotels from $122.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Macquarie reduced their price objective on Hyatt Hotels from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Wall Street Zen cut Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Finally, Robert W. Baird lifted their price target on Hyatt Hotels from $142.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, May 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $149.72.

Hyatt Hotels Company Profile

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.