Insider Selling: Hyatt Hotels (NYSE:H) Insider Sells $1,927,390.94 in Stock

Hyatt Hotels Corporation (NYSE:H) insider Peter Sears sold 12,394 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $155.51, for a total value of $1,927,390.94. Following the sale, the insider directly owned 5,594 shares in the company, valued at $869,922.94. This represents a 68.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hyatt Hotels Stock Performance

Shares of H stock opened at $152.16 on Friday. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.20. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45. The stock has a market cap of $14.53 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 2.54 and a beta of 1.43. The business has a 50-day simple moving average of $145.19 and a 200-day simple moving average of $140.24.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, November 6th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.49 by ($0.79). Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the business earned $0.94 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, November 24th. Hyatt Hotels’s payout ratio is currently -64.52%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Citigroup upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and raised their price target for the company from $138.00 to $167.00 in a research report on Tuesday, September 9th. Barclays raised their target price on Hyatt Hotels from $156.00 to $161.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Wall Street Zen cut Hyatt Hotels from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a report on Thursday. Finally, Truist Financial boosted their price objective on Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $158.60.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds have recently made changes to their positions in the company. Johnson Financial Group Inc. increased its position in shares of Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after purchasing an additional 144 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in Hyatt Hotels during the 1st quarter worth $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of Hyatt Hotels by 98.2% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after buying an additional 107 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Hyatt Hotels by 86.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the last quarter. Finally, Quent Capital LLC purchased a new position in shares of Hyatt Hotels in the third quarter worth about $34,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

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.