Hyatt Hotels (NYSE:H) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Hyatt Hotels (NYSE:H) from a sell rating to a hold rating in a report released on Monday morning.

Several other analysts also recently commented on the company. Robert W. Baird increased their price objective on Hyatt Hotels from $116.00 to $134.00 and gave the stock a neutral rating in a research note on Tuesday, February 13th. TD Cowen raised their price objective on Hyatt Hotels from $95.00 to $160.00 and gave the company a market perform rating in a research note on Thursday, March 21st. Evercore ISI reiterated an in-line rating and issued a $135.00 target price on shares of Hyatt Hotels in a research note on Monday, February 5th. Mizuho cut their price target on shares of Hyatt Hotels from $197.00 to $195.00 and set a buy rating on the stock in a report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Hyatt Hotels from $162.00 to $172.00 and gave the stock an overweight rating in a research report on Friday, March 1st. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of Hold and an average price target of $143.19.

Hyatt Hotels Price Performance

Shares of H opened at $147.84 on Monday. The stock has a market cap of $14.96 billion, a P/E ratio of 72.47, a P/E/G ratio of 21.47 and a beta of 1.49. The business’s fifty day moving average is $154.47 and its 200 day moving average is $134.38. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $161.50.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the company earned $2.55 earnings per share. Sell-side analysts anticipate that Hyatt Hotels will post 3.24 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Tuesday, February 27th. Hyatt Hotels’s dividend payout ratio is currently 29.41%.

Insiders Place Their Bets

In related news, insider Joan Bottarini sold 10,695 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the transaction, the insider now directly owns 16,104 shares in the company, valued at approximately $2,398,207.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joan Bottarini sold 10,695 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the transaction, the insider now directly owns 16,104 shares of the company’s stock, valued at approximately $2,398,207.68. The disclosure for this sale can be found here. Insiders sold 2,084,248 shares of company stock worth $326,572,489 over the last quarter. 23.50% of the stock is currently owned by company insiders.

Institutional Trading of Hyatt Hotels

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Hyatt Hotels in the first quarter valued at approximately $828,000. Entropy Technologies LP purchased a new stake in shares of Hyatt Hotels during the 1st quarter valued at $1,130,000. Motley Fool Asset Management LLC lifted its holdings in shares of Hyatt Hotels by 278.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 6,320 shares of the company’s stock worth $1,009,000 after acquiring an additional 4,648 shares during the last quarter. US Bancorp DE grew its position in Hyatt Hotels by 3.6% in the first quarter. US Bancorp DE now owns 3,624 shares of the company’s stock worth $578,000 after acquiring an additional 127 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Hyatt Hotels by 3.3% in the first quarter. Russell Investments Group Ltd. now owns 16,149 shares of the company’s stock valued at $2,578,000 after acquiring an additional 520 shares during the last quarter. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

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.