Hyatt Hotels (NYSE:H) Price Target Raised to $211.00

Hyatt Hotels (NYSE:H) had its price objective hoisted by Morgan Stanley from $209.00 to $211.00 in a report released on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

H has been the topic of a number of other reports. Truist Financial lifted their price objective on Hyatt Hotels from $187.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Wells Fargo & Company increased their target price on shares of Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. decreased their target price on shares of Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Wolfe Research assumed coverage on shares of Hyatt Hotels in a report on Wednesday, September 2nd. They set an “outperform” rating and a $203.00 price target for the company. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, September 21st. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $197.31.

Hyatt Hotels Stock Down 1.6%

Shares of H opened at $160.26 on Monday. The company has a market capitalization of $15.10 billion, a PE ratio of 195.44 and a beta of 1.40. Hyatt Hotels has a 12 month low of $134.18 and a 12 month high of $206.86. The stock’s 50-day moving average price is $166.43 and its two-hundred day moving average price is $173.65. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.21. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 EPS. On average, analysts anticipate that Hyatt Hotels will post 3.54 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is 73.17%.

Insider Activity at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,700 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,310,957. This represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $163.06, for a total value of $222,413.84. Following the completion of the transaction, the insider owned 4,894 shares in the company, valued at approximately $798,015.64. This represents a 21.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Hyatt Hotels by 19.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 296,133 shares of the company’s stock valued at $42,608,000 after buying an additional 48,002 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Hyatt Hotels during the second quarter valued at about $56,408,000. Amundi increased its position in shares of Hyatt Hotels by 70.9% during the first quarter. Amundi now owns 189,272 shares of the company’s stock worth $27,215,000 after acquiring an additional 78,544 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Hyatt Hotels by 5.2% during the first quarter. Quantinno Capital Management LP now owns 158,946 shares of the company’s stock worth $22,855,000 after acquiring an additional 7,835 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Hyatt Hotels by 6.4% during the first quarter. Swiss National Bank now owns 122,700 shares of the company’s stock worth $17,643,000 after acquiring an additional 7,400 shares in the last quarter. 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 manages, franchises, licenses and owns a portfolio of hotels, resorts and other lodging properties. Its brands span full-service, select-service, luxury, lifestyle, all-inclusive and extended-stay accommodations, serving business and leisure travelers.

The company’s portfolio includes brands such as Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Destination by Hyatt, Hyatt Place, Hyatt House, Hyatt Centric, Caption by Hyatt and World of Hyatt.