Hyatt Hotels (NYSE:H) Price Target Raised to $158.00

Hyatt Hotels (NYSE:H) had its price target hoisted by Stifel Nicolaus from $155.00 to $158.00 in a research report released on Monday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other research firms also recently commented on H. Wall Street Zen downgraded shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Truist Financial increased their target price on shares of Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Citigroup upgraded Hyatt Hotels from a “neutral” rating to a “buy” rating and boosted their price target for the company from $138.00 to $167.00 in a research report on Tuesday, September 9th. Robert W. Baird upped their price objective on Hyatt Hotels from $150.00 to $154.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Finally, Morgan Stanley raised Hyatt Hotels from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $147.00 to $168.00 in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Hyatt Hotels presently has an average rating of “Moderate Buy” and a consensus target price of $158.60.

Hyatt Hotels Stock Up 0.2%

H opened at $156.81 on Monday. Hyatt Hotels has a one year low of $102.43 and a one year high of $168.20. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $14.97 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 2.54 and a beta of 1.43. The business’s 50-day simple moving average is $144.91 and its 200-day simple moving average is $139.89.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the business earned $0.94 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts anticipate that Hyatt Hotels will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, November 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, November 24th. Hyatt Hotels’s dividend payout ratio is -64.52%.

Insider Activity at Hyatt Hotels

In related news, insider David Udell sold 3,010 shares of Hyatt Hotels stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $157.00, for a total value of $472,570.00. Following the sale, the insider directly owned 13,746 shares in the company, valued at $2,158,122. The trade was a 17.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Sears sold 12,394 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $155.51, for a total value of $1,927,390.94. Following the completion of the transaction, the insider owned 5,594 shares of the company’s stock, valued at $869,922.94. The trade was a 68.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 23,586 shares of company stock valued at $3,611,550 over the last three months. Insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

Institutional investors have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC increased its holdings in Hyatt Hotels by 2.8% in the third quarter. Orion Porfolio Solutions LLC now owns 8,751 shares of the company’s stock valued at $1,242,000 after buying an additional 237 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Hyatt Hotels by 18.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 26,304 shares of the company’s stock worth $3,733,000 after acquiring an additional 4,036 shares during the period. Segall Bryant & Hamill LLC increased its stake in Hyatt Hotels by 21.6% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 92,529 shares of the company’s stock valued at $13,133,000 after purchasing an additional 16,406 shares in the last quarter. Huntington National Bank raised its holdings in Hyatt Hotels by 86.0% during the third quarter. Huntington National Bank now owns 839 shares of the company’s stock worth $119,000 after purchasing an additional 388 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its position in Hyatt Hotels by 588.0% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,525 shares of the company’s stock worth $358,000 after purchasing an additional 2,158 shares in the last quarter. Hedge funds and other institutional investors own 73.54% 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.