Hyatt Hotels (NYSE:H) Price Target Raised to $157.50

Hyatt Hotels (NYSE:H) had its price objective lifted by Stifel Nicolaus from $145.50 to $157.50 in a research report sent to investors on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Other equities research analysts also recently issued reports about the stock. Mizuho lowered their target price on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Truist Financial lowered their target price on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Robert W. Baird raised their target price on shares of Hyatt Hotels from $157.00 to $158.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Fifteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and a consensus price target of $151.88.

Hyatt Hotels Stock Performance

Shares of NYSE:H opened at $156.11 on Tuesday. The firm has a market cap of $14.99 billion, a PE ratio of 11.76 and a beta of 1.50. The firm’s 50 day simple moving average is $153.50 and its 200-day simple moving average is $149.47. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. Hyatt Hotels has a one year low of $112.85 and a one year high of $162.24.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period last year, the company posted $0.70 earnings per share. As a group, equities analysts predict that Hyatt Hotels will post 3.89 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. Hyatt Hotels’s payout ratio is 4.52%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the transaction, the insider now owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 23.50% of the stock is owned by corporate insiders.

Institutional Trading of Hyatt Hotels

Institutional investors and hedge funds have recently modified their holdings of the stock. Andra AP fonden increased its stake in shares of Hyatt Hotels by 51.2% during the second quarter. Andra AP fonden now owns 35,400 shares of the company’s stock worth $5,378,000 after purchasing an additional 11,994 shares in the last quarter. III Capital Management purchased a new stake in Hyatt Hotels during the 2nd quarter valued at about $871,000. Assetmark Inc. grew its stake in Hyatt Hotels by 162.2% during the 3rd quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock valued at $7,464,000 after acquiring an additional 30,339 shares in the last quarter. Bridges Investment Management Inc. purchased a new stake in Hyatt Hotels during the 2nd quarter valued at about $601,000. Finally, Icon Wealth Advisors LLC grew its stake in Hyatt Hotels by 17,641.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after acquiring an additional 130,724 shares in 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.