Hyatt Hotels (NYSE:H) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Hyatt Hotels (NYSE:H) to a hold rating in a research report released on Monday,Zacks.com reports.

Several other analysts have also issued reports on H. Stifel Nicolaus upped their target price on Hyatt Hotels from $155.00 to $158.00 and gave the stock a “hold” rating in a report on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Thursday, November 13th. Truist Financial increased their price target on shares of Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Morgan Stanley upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $147.00 to $168.00 in a research note on Wednesday, October 22nd. Finally, Citigroup upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and raised their target price for the company from $138.00 to $167.00 in a research note on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $157.67.

Hyatt Hotels Stock Down 0.3%

H traded down $0.52 during trading hours on Monday, hitting $149.52. 293,558 shares of the company’s stock were exchanged, compared to its average volume of 946,126. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 2.54 and a beta of 1.43. Hyatt Hotels has a 1-year low of $102.43 and a 1-year high of $168.20. The stock’s 50-day moving average is $145.52 and its two-hundred day moving average is $141.09. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45.

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

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, November 24th. Hyatt Hotels’s dividend payout ratio (DPR) is presently -64.52%.

Insiders Place Their Bets

In other Hyatt Hotels news, insider David Udell sold 4,131 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $151.10, for a total transaction of $624,194.10. Following the transaction, the insider owned 16,756 shares in the company, valued at $2,531,831.60. This trade represents a 19.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter Sears sold 12,394 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the transaction, the insider owned 5,594 shares in the company, valued at $869,922.94. This trade represents a 68.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 23,586 shares of company stock worth $3,611,550. Insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several large investors have recently made changes to their positions in the company. Long Pond Capital LP bought a new stake in shares of Hyatt Hotels during the first quarter worth $191,922,000. Principal Financial Group Inc. increased its holdings in Hyatt Hotels by 21.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after purchasing an additional 843,121 shares in the last quarter. Bank of America Corp DE raised its position in Hyatt Hotels by 84.5% in the second quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after purchasing an additional 562,611 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Hyatt Hotels by 24.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock valued at $392,548,000 after purchasing an additional 545,003 shares in the last quarter. Finally, GRS Advisors LLC acquired a new position in shares of Hyatt Hotels in the second quarter valued at approximately $74,264,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

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.