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 stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the sale, the director now directly owns 37,927 shares in the company, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Hyatt Hotels Stock Down 1.9 %

Shares of NYSE H opened at $137.24 on Wednesday. The stock has a market capitalization of $13.20 billion, a price-to-earnings ratio of 11.03 and a beta of 1.48. Hyatt Hotels Co. has a 52 week low of $128.91 and a 52 week high of $168.20. The firm has a 50-day moving average price of $152.75 and a 200 day moving average price of $152.87. 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 posted its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter in the previous year, the business posted $0.64 earnings per share. Equities research analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is 4.82%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on H. Truist Financial raised their price target on Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. boosted their price target on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Jefferies Financial Group increased their target price on shares of Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Finally, Mizuho reduced their price objective on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $162.08.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $26,000. Toronto Dominion Bank grew its holdings in Hyatt Hotels by 5.2% during the 4th quarter. Toronto Dominion Bank now owns 6,056 shares of the company’s stock valued at $951,000 after buying an additional 301 shares during the last quarter. DigitalBridge Group Inc. raised its holdings in shares of Hyatt Hotels by 5.7% in the fourth quarter. DigitalBridge Group Inc. now owns 73,462 shares of the company’s stock worth $11,532,000 after acquiring an additional 3,950 shares during the last quarter. Twinbeech Capital LP acquired a new position in shares of Hyatt Hotels in the fourth quarter worth $9,341,000. Finally, Tidal Investments LLC lifted its position in shares of Hyatt Hotels by 153.1% in the fourth quarter. Tidal Investments LLC now owns 4,541 shares of the company’s stock valued at $713,000 after acquiring an additional 2,747 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

About Hyatt Hotels

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.