Hyatt Hotels (NYSE:H) Upgraded at StockNews.com

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

A number of other equities analysts also recently weighed in on the company. Sanford C. Bernstein boosted their target price on Hyatt Hotels from $184.00 to $190.00 and gave the stock an outperform rating in a research note on Monday, May 13th. TD Cowen upped 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. Truist Financial lowered their target price on Hyatt Hotels from $172.00 to $168.00 and set a buy rating on the stock in a research note on Thursday, May 30th. Mizuho raised their price objective on shares of Hyatt Hotels from $195.00 to $204.00 and gave the stock a buy rating in a report on Wednesday, May 15th. Finally, Stifel Nicolaus boosted their target price on shares of Hyatt Hotels from $146.00 to $154.00 and gave the company a hold rating in a research note on Thursday, April 11th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Hyatt Hotels has a consensus rating of Hold and an average target price of $150.69.

Hyatt Hotels Trading Down 3.1 %

NYSE H opened at $157.14 on Monday. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 24.40 and a beta of 1.51. The business has a 50 day moving average price of $149.45 and a 200-day moving average price of $145.98. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $162.24.

Hyatt Hotels (NYSE:H) last posted 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 net margin of 10.21% and a return on equity of 8.44%. The company had revenue of $1.71 billion during 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 analysts expect that Hyatt Hotels will post 3.48 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, May 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. Hyatt Hotels’s dividend payout ratio (DPR) is 9.32%.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Michael A. Rocca sold 1,189 shares of the company’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 transaction of $177,779.28. Following the sale, the director now owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the completion of the sale, the director now owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joan Bottarini sold 305 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $148.00, for a total value of $45,140.00. Following the completion of the transaction, the insider now owns 15,799 shares in the company, valued at $2,338,252. The disclosure for this sale can be found here. Insiders sold 12,189 shares of company stock valued at $1,815,619 in the last quarter. 23.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently made changes to their positions in H. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 144,356 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Hyatt Hotels by 3.2% during the first quarter. Principal Financial Group Inc. now owns 2,482,440 shares of the company’s stock worth $396,247,000 after acquiring an additional 77,157 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Hyatt Hotels by 28.5% in the 4th quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock worth $254,061,000 after acquiring an additional 432,594 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of Hyatt Hotels by 0.6% in the 4th quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock valued at $218,105,000 after purchasing an additional 9,919 shares in the last quarter. Finally, Fiera Capital Corp grew its holdings in shares of Hyatt Hotels by 0.9% during the 4th quarter. Fiera Capital Corp now owns 574,778 shares of the company’s stock valued at $74,957,000 after purchasing an additional 5,142 shares during the last quarter. Hedge funds and other institutional investors 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.