Susquehanna Initiates Coverage on Hyatt Hotels (NYSE:H)

Susquehanna began coverage on shares of Hyatt Hotels (NYSE:HFree Report) in a research note issued to investors on Friday morning, Marketbeat reports. The brokerage issued a neutral rating and a $160.00 price objective on the stock.

A number of other brokerages have also recently issued reports on H. Robert W. Baird boosted their target price on shares of Hyatt Hotels from $160.00 to $162.00 and gave the company a neutral rating in a report on Friday, May 17th. StockNews.com upgraded Hyatt Hotels from a sell rating to a hold rating in a research note on Tuesday, May 14th. Morgan Stanley downgraded Hyatt Hotels from an overweight rating to an equal weight rating and raised their target price for the stock from $149.00 to $156.00 in a research note on Monday, March 11th. Wells Fargo & Company upped their price target on Hyatt Hotels from $138.00 to $160.00 and gave the company an overweight rating in a research report on Monday, February 26th. Finally, Sanford C. Bernstein raised their price objective on shares of Hyatt Hotels from $184.00 to $190.00 and gave the company an outperform rating in a research report on Monday, May 13th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Hyatt Hotels presently has an average rating of Hold and an average price target of $149.00.

View Our Latest Analysis on Hyatt Hotels

Hyatt Hotels Stock Down 1.0 %

H stock opened at $148.46 on Friday. The stock has a fifty day moving average of $148.80 and a 200-day moving average of $143.21. Hyatt Hotels has a fifty-two week low of $96.77 and a fifty-two week high of $161.50. The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of 23.05 and a beta of 1.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59.

Hyatt Hotels (NYSE:HGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the business earned $0.41 EPS. As a group, equities research analysts predict that Hyatt Hotels will post 3.38 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Wednesday, May 29th. Hyatt Hotels’s payout ratio is currently 9.32%.

Insider Activity at Hyatt Hotels

In other news, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the sale, the director now directly owns 20,219 shares in the company, valued at approximately $3,023,144.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Michael A. Rocca sold 1,189 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the transaction, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joan Bottarini sold 10,695 shares of Hyatt Hotels stock in a transaction dated Wednesday, May 1st. The stock was 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 owns 16,104 shares in the company, valued at approximately $2,398,207.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,189 shares of company stock valued at $1,815,619. Corporate insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Hyatt Hotels by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock valued at $550,509,000 after purchasing an additional 144,356 shares during the period. Principal Financial Group Inc. grew its position in shares of Hyatt Hotels by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 2,482,440 shares of the company’s stock worth $396,247,000 after buying an additional 77,157 shares during the last quarter. Morgan Stanley increased its stake in shares of Hyatt Hotels by 1.1% during the third quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock valued at $232,836,000 after buying an additional 24,121 shares during the period. Franklin Resources Inc. raised its holdings in shares of Hyatt Hotels by 28.5% during the fourth quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock valued at $254,061,000 after acquiring an additional 432,594 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in Hyatt Hotels by 0.6% in the fourth quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock valued at $218,105,000 after acquiring an additional 9,919 shares in the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

About Hyatt Hotels

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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.

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Analyst Recommendations for Hyatt Hotels (NYSE:H)

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