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

Hyatt Hotels Corporation (NYSE:H) Director Cary Mcmillan sold 1,119 shares of Hyatt Hotels stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $174.96, for a total value of $195,780.24. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hyatt Hotels Stock Up 2.2%

H opened at $183.46 on Thursday. Hyatt Hotels Corporation has a fifty-two week low of $127.54 and a fifty-two week high of $183.71. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $17.27 billion, a P/E ratio of -524.17 and a beta of 1.33. The stock has a fifty day moving average of $159.83 and a 200-day moving average of $160.59.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm earned $0.46 earnings per share. On average, equities analysts expect that Hyatt Hotels Corporation will post 3.48 EPS for the current year.

Hyatt Hotels Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bamco Inc. NY grew its position in Hyatt Hotels by 2.7% in the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after acquiring an additional 161,461 shares during the last quarter. Principal Financial Group Inc. grew its position in Hyatt Hotels by 21.8% in the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after acquiring an additional 843,121 shares during the last quarter. Wellington Management Group LLP grew its position in Hyatt Hotels by 48.0% in the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after acquiring an additional 1,516,554 shares during the last quarter. Veritas Asset Management LLP grew its position in Hyatt Hotels by 827.9% in the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after acquiring an additional 1,695,616 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in Hyatt Hotels by 2.8% in the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock valued at $257,352,000 after acquiring an additional 43,733 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Key Hyatt Hotels News

Here are the key news stories impacting Hyatt Hotels this week:

• Positive Sentiment: Truist Financial raised its price target on Hyatt Hotels to $187 from $181 and reiterated a buy rating, reinforcing the view that the stock still has room to run. Article Title
• Positive Sentiment: Several analysts remain constructive on Hyatt, with Sanford C. Bernstein lifting its target to $202 and the broader consensus still sitting at Moderate Buy, which supports investor optimism.
• Neutral Sentiment: Hyatt continues to show solid recent operating momentum after reporting Q1 EPS of $0.63, ahead of estimates, and revenue of $1.75 billion, also slightly above expectations. Article Title
• Neutral Sentiment: Institutional investors such as Goldman Sachs and UBS AM increased holdings in Hyatt, suggesting ongoing support from large shareholders. Article Title
• Negative Sentiment: Director Susan Kronick sold 1,119 shares, and Director Cary D. Mcmillan also sold 1,119 shares; although both trades were made under pre-arranged 10b5-1 plans, insider selling can still weigh on sentiment. Article Title

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their target price on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday. Susquehanna decreased their price target on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Barclays raised their price target on Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on Hyatt Hotels from $181.00 to $186.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Finally, Wells Fargo & Company raised their price target on Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.50.

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.