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

Hyatt Hotels Co. (NYSE:H) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.15 per share on Friday, December 6th. This represents a $0.60 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, November 22nd.

Hyatt Hotels has raised its dividend payment by an average of 31.0% per year over the last three years. Hyatt Hotels has a dividend payout ratio of 15.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hyatt Hotels to earn $3.80 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 15.8%.

Hyatt Hotels Stock Up 0.2 %

Shares of H stock traded up $0.22 during trading hours on Friday, hitting $145.67. 37,538 shares of the company were exchanged, compared to its average volume of 584,361. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $14.61 billion, a price-to-earnings ratio of 15.70 and a beta of 1.50. Hyatt Hotels has a one year low of $96.77 and a one year high of $162.24. The business’s 50-day simple moving average is $151.00 and its two-hundred day simple moving average is $149.00.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same period in the prior year, the business posted $0.70 earnings per share. Sell-side analysts predict that Hyatt Hotels will post 3.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

H has been the topic of several research reports. Macquarie dropped their price objective on shares of Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Evercore ISI boosted their price objective on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Bank of America increased their target price on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Susquehanna reduced their price target on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $152.43.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the transaction, the insider now owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.50% of the stock is owned by corporate insiders.

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.