Joan Bottarini Sells 10,695 Shares of Hyatt Hotels Co. (NYSE:H) Stock

Hyatt Hotels Co. (NYSE:H) insider Joan Bottarini sold 10,695 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the sale, the insider now directly owns 16,104 shares in the company, valued at $2,398,207.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hyatt Hotels Price Performance

H stock opened at $150.50 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. Hyatt Hotels Co. has a 52-week low of $96.77 and a 52-week high of $161.50. The stock’s 50 day moving average is $154.57 and its two-hundred day moving average is $133.22. The company has a market capitalization of $15.23 billion, a PE ratio of 73.77, a P/E/G ratio of 21.64 and a beta of 1.49.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.26. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the business earned $2.55 EPS. Analysts predict that Hyatt Hotels Co. will post 3.24 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. Hyatt Hotels’s dividend payout ratio (DPR) is 29.41%.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in shares of Hyatt Hotels in the 4th quarter valued at approximately $1,472,000. Whittier Trust Co. increased its holdings in shares of Hyatt Hotels by 2.6% in the 4th quarter. Whittier Trust Co. now owns 49,812 shares of the company’s stock valued at $6,496,000 after acquiring an additional 1,260 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Hyatt Hotels by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company’s stock valued at $239,367,000 after acquiring an additional 11,041 shares during the last quarter. State of Michigan Retirement System acquired a new position in Hyatt Hotels during the 4th quarter valued at approximately $1,382,000. Finally, Gulf International Bank UK Ltd boosted its position in Hyatt Hotels by 8,771.9% during the 4th quarter. Gulf International Bank UK Ltd now owns 5,057 shares of the company’s stock valued at $659,000 after purchasing an additional 5,000 shares during the period. 71.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

H has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Hyatt Hotels from $162.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Royal Bank of Canada lifted their price objective on Hyatt Hotels from $37.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Barclays reduced their price objective on Hyatt Hotels from $156.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, April 19th. Finally, Morgan Stanley lowered Hyatt Hotels from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $149.00 to $156.00 in a research note on Monday, March 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and a consensus price target of $141.88.

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.