Hyatt (NYSE:H) insider Maryam Banikarim sold 4,992 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $80.17, for a total transaction of $400,208.64. Following the transaction, the insider now owns 23,840 shares of the company’s stock, valued at approximately $1,911,252.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of NYSE H opened at $74.91 on Friday. The firm has a market capitalization of $9,122.44, a price-to-earnings ratio of 42.08, a PEG ratio of 11.24 and a beta of 1.28. Hyatt has a one year low of $52.72 and a one year high of $83.02. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.41.
Hyatt (NYSE:H) last released its earnings results on Wednesday, February 14th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. Hyatt had a return on equity of 6.02% and a net margin of 5.31%. During the same period in the prior year, the firm posted $0.29 EPS. equities analysts forecast that Hyatt will post 1.49 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 22nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Wednesday, March 21st. Hyatt’s dividend payout ratio (DPR) is presently 33.71%.
Hyatt declared that its board has approved a stock repurchase plan on Thursday, December 14th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
Several equities analysts have commented on the company. Zacks Investment Research upgraded Hyatt from a “hold” rating to a “strong-buy” rating and set a $88.00 price target on the stock in a report on Wednesday, January 10th. Robert W. Baird set a $78.00 price target on shares of Hyatt and gave the stock a “buy” rating in a research note on Friday, December 15th. Morgan Stanley lifted their price target on Hyatt from $81.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, February 16th. Wolfe Research raised Hyatt from a “market perform” rating to an “outperform” rating in a report on Thursday, December 21st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $78.00 price objective on shares of Hyatt in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $80.69.
A number of institutional investors have recently bought and sold shares of H. Cerebellum GP LLC acquired a new stake in Hyatt during the fourth quarter worth approximately $132,000. Acadian Asset Management LLC grew its stake in Hyatt by 134.7% during the fourth quarter. Acadian Asset Management LLC now owns 2,244 shares of the company’s stock worth $165,000 after purchasing an additional 1,288 shares during the period. Capital Fund Management S.A. acquired a new stake in Hyatt during the fourth quarter worth approximately $202,000. State of Alaska Department of Revenue acquired a new stake in Hyatt during the fourth quarter worth approximately $220,000. Finally, US Bancorp DE grew its stake in Hyatt by 4,029.1% in the fourth quarter. US Bancorp DE now owns 3,262 shares of the company’s stock valued at $240,000 after acquiring an additional 3,183 shares during the period. Hedge funds and other institutional investors own 39.19% of the company’s stock.
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Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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