Hyatt Hotels Co. (NYSE:H) Given Average Rating of “Hold” by Brokerages

Shares of Hyatt Hotels Co. (NYSE:H) have been given an average rating of “Hold” by the sixteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $143.19.

A number of analysts have recently weighed in on H shares. Truist Financial raised their price target on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, March 14th. TD Cowen raised their price target on shares of Hyatt Hotels from $95.00 to $160.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Barclays lowered their price target on shares of Hyatt Hotels from $156.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th. Wells Fargo & Company raised their price target on shares of Hyatt Hotels from $138.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hyatt Hotels from $162.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st.

Hyatt Hotels Stock Down 1.7 %

Shares of Hyatt Hotels stock opened at $147.84 on Friday. 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 has a 1 year low of $96.77 and a 1 year high of $161.50. The firm’s 50-day moving average is $154.47 and its two-hundred day moving average is $134.38. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 72.47, a PEG ratio of 21.47 and a beta of 1.49.

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

Hyatt Hotels Announces Dividend

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

Insiders Place Their Bets

In other 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 transaction of $1,592,699.40. Following the completion of the transaction, the insider now directly owns 16,104 shares of the company’s stock, valued at approximately $2,398,207.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Traubert Foundation Pritzker sold 704,229 shares of Hyatt Hotels stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $157.97, for a total transaction of $111,247,055.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $1,592,699.40. Following the transaction, the insider now directly owns 16,104 shares of the company’s stock, valued at $2,398,207.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,084,248 shares of company stock valued at $326,572,489. 23.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in Hyatt Hotels in the 4th quarter worth $1,472,000. Whittier Trust Co. increased its holdings in Hyatt Hotels by 2.6% in the 4th quarter. Whittier Trust Co. now owns 49,812 shares of the company’s stock worth $6,496,000 after acquiring an additional 1,260 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Hyatt Hotels by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company’s stock worth $239,367,000 after acquiring an additional 11,041 shares in the last quarter. State of Michigan Retirement System purchased a new stake in Hyatt Hotels in the 4th quarter worth $1,382,000. Finally, Gulf International Bank UK Ltd increased its holdings in Hyatt Hotels by 8,771.9% in the 4th quarter. Gulf International Bank UK Ltd now owns 5,057 shares of the company’s stock worth $659,000 after acquiring an additional 5,000 shares in the last quarter. 71.02% of the stock is owned by hedge funds and other institutional investors.

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.