Hyatt Hotels Co. (NYSE:H) Declares $0.15 Quarterly Dividend

Hyatt Hotels Co. (NYSE:H) declared a quarterly dividend on Tuesday, August 6th, Zacks reports. Shareholders of record on Tuesday, August 27th will be paid a dividend of 0.15 per share on Tuesday, September 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Tuesday, August 27th.

Hyatt Hotels has increased its dividend payment by an average of 31.0% annually over the last three years. Hyatt Hotels has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Hyatt Hotels to earn $4.04 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 14.9%.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock traded down $1.69 on Wednesday, reaching $130.33. The company’s stock had a trading volume of 65,346 shares, compared to its average volume of 602,198. The company has a market capitalization of $13.19 billion, a P/E ratio of 20.51 and a beta of 1.51. Hyatt Hotels has a 52-week low of $96.77 and a 52-week high of $162.24. The stock has a 50-day moving average price of $148.78 and a 200-day moving average price of $147.93. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. During the same period in the previous year, the firm earned $0.82 earnings per share. Analysts expect that Hyatt Hotels will post 3.47 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Mizuho dropped their target price on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday. Sanford C. Bernstein upped their price target on Hyatt Hotels from $184.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. Barclays increased their price target on Hyatt Hotels from $153.00 to $159.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Susquehanna assumed coverage on Hyatt Hotels in a report on Friday, June 21st. They set a “neutral” rating and a $160.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $151.71.

Insider Transactions at Hyatt Hotels

In other news, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the transaction, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Joan Bottarini sold 305 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $148.00, for a total value of $45,140.00. Following the completion of the sale, the insider now owns 15,799 shares of the company’s stock, valued at $2,338,252. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the sale, the director now directly owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The disclosure for this sale can be found here. Insiders own 23.50% of the company’s stock.

About Hyatt Hotels

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.