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

Hyatt Hotels Co. (NYSE:H - Get Free Report) announced a quarterly dividend on Thursday, May 9th, Zacks reports. Investors of record on Wednesday, May 29th will be paid a dividend of 0.15 per share on Tuesday, June 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Wednesday, May 29th.

Hyatt Hotels has raised its dividend payment by an average of 31.0% per year over the last three years. Hyatt Hotels has a payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hyatt Hotels to earn $4.29 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 14.0%.

Hyatt Hotels Stock Down 0.0 %

Shares of H traded down $0.07 during midday trading on Friday, hitting $152.20. The stock had a trading volume of 594,390 shares, compared to its average volume of 668,221. The firm has a market cap of $15.40 billion, a price-to-earnings ratio of 74.16, a price-to-earnings-growth ratio of 21.47 and a beta of 1.49. The company has a 50 day simple moving average of $154.44 and a two-hundred day simple moving average of $134.51. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $161.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. During the same period in the prior year, the business earned $0.41 earnings per share. On average, analysts anticipate that Hyatt Hotels will post 3.24 EPS for the current year.

Insider Activity at Hyatt Hotels

In other news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the business's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total transaction of $200,096,680.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Hyatt Hotels news, insider Margaret C. Egan sold 1,000 shares of Hyatt Hotels stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $157.78, for a total transaction of $157,780.00. Following the transaction, the insider now directly owns 20,546 shares of the company's stock, valued at approximately $3,241,747.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,084,248 shares of company stock valued at $326,572,489 in the last 90 days. 23.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on H shares. Royal Bank of Canada increased their price target on shares of Hyatt Hotels from $37.00 to $41.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 14th. Redburn Atlantic cut Hyatt Hotels from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $120.00 to $130.00 in a report on Tuesday, January 16th. Robert W. Baird upped their price objective on Hyatt Hotels from $116.00 to $134.00 and gave the company a "neutral" rating in a research note on Tuesday, February 13th. Truist Financial lifted their target price on Hyatt Hotels from $143.00 to $172.00 and gave the stock a "buy" rating in a research note on Thursday, March 14th. Finally, Mizuho dropped their price target on Hyatt Hotels from $197.00 to $195.00 and set a "buy" rating on the stock in a research note on Tuesday, April 23rd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $143.56.

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.