Hyatt Hotels (NYSE:H) Research Coverage Started at Wolfe Research

Wolfe Research assumed coverage on shares of Hyatt Hotels (NYSE:H) in a report issued on Wednesday morning, MarketBeat reports. The firm issued an outperform rating and a $203.00 price target on the stock.

Other analysts also recently issued reports about the company. Morgan Stanley reduced their target price on Hyatt Hotels from $218.00 to $209.00 and set an “overweight” rating for the company in a research note on Tuesday, August 18th. Stifel Nicolaus set a $182.00 price target on Hyatt Hotels in a report on Friday, May 29th. Robert W. Baird reduced their price objective on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Sanford C. Bernstein boosted their price objective on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, Barclays lowered their target price on Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $197.07.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $166.00 on Wednesday. The firm has a market cap of $15.64 billion, a PE ratio of 202.44 and a beta of 1.34. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. Hyatt Hotels has a 52 week low of $134.18 and a 52 week high of $206.86. The firm’s fifty day moving average is $181.79 and its 200-day moving average is $172.69.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.91 by $0.21. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. Sell-side analysts predict that Hyatt Hotels will post 3.54 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio is 73.17%.

Insider Buying and Selling

In other Hyatt Hotels news, Director Susan Kronick sold 1,700 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the transaction, the director directly owned 29,525 shares in the company, valued at approximately $5,310,957. This trade represents a 5.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in Hyatt Hotels by 17,286.6% during the second quarter. California State Teachers Retirement System now owns 8,654,374 shares of the company’s stock worth $1,677,564,000 after purchasing an additional 8,604,598 shares during the last quarter. Wellington Management Group LLP increased its stake in Hyatt Hotels by 48.0% in the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after buying an additional 1,516,554 shares during the last quarter. Veritas Asset Management LLP lifted its position in shares of Hyatt Hotels by 827.9% during the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after buying an additional 1,695,616 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of Hyatt Hotels by 2.8% during the 4th quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock worth $257,352,000 after buying an additional 43,733 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Hyatt Hotels by 15.8% in the 3rd quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock worth $201,814,000 after buying an additional 193,530 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.