Hyatt Hotels (NYSE:H) Insider Kinsey Wolf Sells 400 Shares

Hyatt Hotels Corporation (NYSE:H) insider Kinsey Wolf sold 400 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total transaction of $58,912.00. Following the completion of the sale, the insider owned 545 shares of the company’s stock, valued at $80,267.60. This represents a 42.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Kinsey Wolf also recently made the following trade(s):

• On Thursday, March 19th, Kinsey Wolf sold 400 shares of Hyatt Hotels stock. The shares were sold at an average price of $144.34, for a total value of $57,736.00.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $145.72 on Tuesday. The stock has a market capitalization of $13.77 billion, a P/E ratio of -260.21, a P/E/G ratio of 1.68 and a beta of 1.22. The business has a 50-day moving average of $159.70 and a two-hundred day moving average of $155.01. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $180.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $1.04. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. On average, equities research analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is currently -107.14%.

Institutional Trading of Hyatt Hotels

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bamco Inc. NY raised its position in shares of Hyatt Hotels by 2.7% during the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after buying an additional 161,461 shares during the last quarter. Principal Financial Group Inc. grew its position in Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after buying an additional 843,121 shares in the last quarter. Wellington Management Group LLP increased its stake in Hyatt Hotels by 48.0% during the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after acquiring an additional 1,516,554 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Hyatt Hotels by 24.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock valued at $392,548,000 after acquiring an additional 545,003 shares in the last quarter. Finally, Veritas Asset Management LLP raised its holdings in Hyatt Hotels by 827.9% in the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after acquiring an additional 1,695,616 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on H. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $188.00 price objective on shares of Hyatt Hotels in a report on Friday, January 2nd. Stifel Nicolaus boosted their target price on shares of Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a research report on Wednesday, December 31st. Morgan Stanley decreased their price target on shares of Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, March 10th. Wells Fargo & Company raised their price target on Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Finally, Mizuho boosted their price objective on Hyatt Hotels from $203.00 to $223.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.80.

Hyatt Hotels Company Profile

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.