Susan Kronick Sells 1,700 Shares of Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels Corporation (NYSE:H) Director Susan Kronick sold 1,700 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the sale, the director directly owned 29,525 shares in the company, valued at $5,310,957. This represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hyatt Hotels Price Performance

H stock opened at $183.24 on Thursday. The stock has a 50-day moving average price of $188.16 and a two-hundred day moving average price of $171.90. Hyatt Hotels Corporation has a 1 year low of $134.18 and a 1 year high of $206.86. The stock has a market cap of $17.27 billion, a PE ratio of 223.47 and a beta of 1.33. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.21. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. Equities analysts forecast that Hyatt Hotels Corporation will post 3.56 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be paid a $0.15 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.3%. Hyatt Hotels’s payout ratio is presently 73.17%.

Analyst Ratings Changes

A number of research firms have recently issued reports on H. Morgan Stanley lowered their price objective on shares of Hyatt Hotels from $218.00 to $209.00 and set an “overweight” rating on the stock in a report on Tuesday. HSBC upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a report on Thursday, June 4th. Robert W. Baird lowered their price target on shares of Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Sanford C. Bernstein boosted their price target on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Susquehanna raised their price objective on Hyatt Hotels from $180.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Hyatt Hotels has an average rating of “Moderate Buy” and an average price target of $196.64.

Institutional Investors Weigh In On Hyatt Hotels

Hedge funds have recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC grew its position in shares of Hyatt Hotels by 4.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock valued at $210,000 after purchasing an additional 60 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Hyatt Hotels by 1.0% during the first quarter. Pacer Advisors Inc. now owns 6,625 shares of the company’s stock worth $953,000 after purchasing an additional 67 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Hyatt Hotels by 18.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock worth $74,000 after purchasing an additional 72 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Hyatt Hotels by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock valued at $372,000 after purchasing an additional 79 shares during the period. Finally, Ethic Inc. grew its holdings in Hyatt Hotels by 3.5% in the 4th quarter. Ethic Inc. now owns 2,533 shares of the company’s stock valued at $406,000 after buying an additional 85 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

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.