David Udell Sells 2,087 Shares of Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels Corporation (NYSE:H) insider David Udell sold 2,087 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total transaction of $392,356.00. Following the transaction, the insider directly owned 16,638 shares of the company’s stock, valued at approximately $3,127,944. This trade represents a 11.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Udell also recently made the following trade(s):

• On Monday, May 18th, David Udell sold 8,682 shares of Hyatt Hotels stock. The stock was sold at an average price of $172.00, for a total transaction of $1,493,304.00.

Hyatt Hotels Trading Up 1.7%

Shares of Hyatt Hotels stock opened at $189.09 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a fifty day moving average price of $164.62 and a 200 day moving average price of $161.86. Hyatt Hotels Corporation has a 1 year low of $127.59 and a 1 year high of $190.00. The stock has a market cap of $17.80 billion, a PE ratio of -540.25 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the company posted $0.46 earnings per share. Equities research analysts predict that Hyatt Hotels Corporation will post 3.59 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

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

Institutional Trading of Hyatt Hotels

Institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC lifted its stake in shares of Hyatt Hotels by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock worth $210,000 after acquiring an additional 60 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Hyatt Hotels by 0.8% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock worth $1,339,000 after acquiring an additional 72 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Hyatt Hotels by 18.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock worth $74,000 after acquiring an additional 72 shares during the period. Allworth Financial LP lifted its stake in shares of Hyatt Hotels by 17.8% in the 3rd quarter. Allworth Financial LP now owns 483 shares of the company’s stock worth $69,000 after acquiring an additional 73 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Hyatt Hotels by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock worth $372,000 after acquiring an additional 79 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on H. Robert W. Baird lifted their price objective on shares of Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a report on Monday. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Truist Financial lifted their price objective on shares of Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Mizuho lifted their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $192.40.

About Hyatt Hotels

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.