Deutsche Bank Aktiengesellschaft Cuts Hyatt Hotels (NYSE:H) Price Target to $120.00

Hyatt Hotels (NYSE:H) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $127.00 to $120.00 in a research report report published on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the stock.

Several other equities research analysts have also issued reports on H. StockNews.com raised shares of Hyatt Hotels from a sell rating to a hold rating in a research report on Monday, July 15th. Evercore ISI cut their price objective on Hyatt Hotels from $155.00 to $145.00 and set an in-line rating on the stock in a research report on Wednesday. Truist Financial decreased their target price on Hyatt Hotels from $172.00 to $168.00 and set a buy rating for the company in a research report on Thursday, May 30th. Mizuho reduced their price target on Hyatt Hotels from $204.00 to $200.00 and set an outperform rating on the stock in a research report on Wednesday. Finally, Macquarie lowered their price objective on shares of Hyatt Hotels from $168.00 to $164.00 and set an outperform rating for the company in a research report on Wednesday. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $150.11.

Hyatt Hotels Trading Up 1.3 %

Shares of H stock traded up $1.79 during trading hours on Wednesday, hitting $135.14. 569,858 shares of the company were exchanged, compared to its average volume of 613,482. Hyatt Hotels has a 1 year low of $96.77 and a 1 year high of $162.24. The firm has a fifty day moving average of $148.00 and a 200 day moving average of $147.85. The firm has a market cap of $13.67 billion, a PE ratio of 20.98 and a beta of 1.51. 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 (NYSE:H) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. During the same quarter last year, the business earned $0.82 EPS. Analysts expect that Hyatt Hotels will post 3.47 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. LRI Investments LLC acquired a new position in shares of Hyatt Hotels during the first quarter valued at $26,000. Riverview Trust Co acquired a new position in Hyatt Hotels during the 1st quarter valued at about $27,000. Summit Securities Group LLC bought a new stake in shares of Hyatt Hotels during the 2nd quarter worth about $30,000. Quadrant Capital Group LLC lifted its stake in shares of Hyatt Hotels by 49.8% in the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after acquiring an additional 127 shares during the period. Finally, EntryPoint Capital LLC bought a new position in shares of Hyatt Hotels in the first quarter valued at approximately $53,000. 71.02% of the stock is owned by institutional investors and hedge funds.

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.