Hyatt Hotels (NYSE:H) PT Lowered to $153.00 at Barclays

Hyatt Hotels (NYSE:H) had its price objective reduced by Barclays from $156.00 to $153.00 in a research report released on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group boosted their price target on Hyatt Hotels from $104.00 to $127.00 and gave the company a hold rating in a research note on Tuesday, January 2nd. Redburn Atlantic lowered Hyatt Hotels from a buy rating to a neutral rating and upped their price target for the stock from $120.00 to $130.00 in a report on Tuesday, January 16th. JPMorgan Chase & Co. upped their price target on Hyatt Hotels from $162.00 to $172.00 and gave the stock an overweight rating in a report on Friday, March 1st. Robert W. Baird upped their price target on Hyatt Hotels from $116.00 to $134.00 and gave the stock a neutral rating in a report on Tuesday, February 13th. Finally, Evercore ISI reiterated an in-line rating and set a $135.00 price target on shares of Hyatt Hotels in a report on Monday, February 5th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Hyatt Hotels presently has an average rating of Hold and a consensus target price of $142.00.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $146.34 on Friday. Hyatt Hotels has a fifty-two week low of $96.77 and a fifty-two week high of $161.50. The firm’s 50-day simple moving average is $151.31 and its 200 day simple moving average is $130.13. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. The stock has a market cap of $14.81 billion, a P/E ratio of 71.74, a P/E/G ratio of 21.09 and a beta of 1.49.

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

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Tuesday, February 27th. Hyatt Hotels’s payout ratio is presently 29.41%.

Insider Transactions at Hyatt Hotels

In other news, insider Joan Bottarini sold 4,250 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $128.72, for a total transaction of $547,060.00. Following the transaction, the insider now owns 11,301 shares of the company’s stock, valued at $1,454,664.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Joan Bottarini sold 4,250 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $128.72, for a total transaction of $547,060.00. Following the transaction, the insider now owns 11,301 shares of the company’s stock, valued at $1,454,664.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Samuel Hoplamazian sold 75,457 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total value of $11,957,670.79. Following the transaction, the insider now directly owns 459,000 shares in the company, valued at approximately $72,737,730. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,077,803 shares of company stock worth $325,526,849. Insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new position in Hyatt Hotels in the fourth quarter valued at about $1,472,000. Whittier Trust Co. lifted its stake in Hyatt Hotels by 2.6% in the fourth quarter. Whittier Trust Co. now owns 49,812 shares of the company’s stock valued at $6,496,000 after buying an additional 1,260 shares during the period. Principal Financial Group Inc. lifted its stake in Hyatt Hotels by 0.5% in the third quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company’s stock valued at $239,367,000 after buying an additional 11,041 shares during the period. State of Michigan Retirement System acquired a new stake in shares of Hyatt Hotels during the fourth quarter worth about $1,382,000. Finally, Gulf International Bank UK Ltd raised its position in shares of Hyatt Hotels by 8,771.9% during the fourth quarter. Gulf International Bank UK Ltd now owns 5,057 shares of the company’s stock worth $659,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 71.02% 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.