Morgan Stanley Cuts Hyatt Hotels (NYSE:H) Price Target to $153.00

Hyatt Hotels (NYSE:H) had its price objective cut by Morgan Stanley from $161.00 to $153.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages have also issued reports on H. Barclays upped their target price on shares of Hyatt Hotels from $153.00 to $159.00 and gave the stock an equal weight rating in a research report on Friday, May 10th. Sanford C. Bernstein upped their target price on shares of Hyatt Hotels from $184.00 to $190.00 and gave the stock an outperform rating in a research report on Monday, May 13th. Stifel Nicolaus upped their target price on shares of Hyatt Hotels from $146.00 to $154.00 and gave the stock a hold rating in a research report on Thursday, April 11th. Macquarie cut their target price 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. Finally, Truist Financial cut their target price on shares of Hyatt Hotels from $172.00 to $168.00 and set a buy rating for the company in a research report on Thursday, May 30th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $150.11.

Hyatt Hotels Stock Performance

H stock traded up $1.79 during midday trading on Wednesday, reaching $135.14. 569,858 shares of the company’s stock traded hands, compared to its average volume of 613,482. The company has a 50-day moving average price of $148.00 and a two-hundred day moving average price of $147.85. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $162.24. The firm has a market capitalization of $13.67 billion, a PE ratio of 20.98 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last issued its earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.82 EPS. As a group, equities analysts anticipate that Hyatt Hotels will post 3.47 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 9.32%.

Insiders Place Their Bets

In related news, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction 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 transaction, the director now owns 20,219 shares in the company, valued at approximately $3,023,144.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Joan Bottarini sold 305 shares of the company’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 sale, the insider now directly owns 15,799 shares in the company, valued at approximately $2,338,252. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction dated 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 in the company, valued at $3,023,144.88. The disclosure for this sale can be found here. 23.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Hyatt Hotels by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after acquiring an additional 144,356 shares in the last quarter. Principal Financial Group Inc. lifted its position in Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after acquiring an additional 162,562 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Hyatt Hotels by 28.5% in the fourth quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock worth $254,061,000 after buying an additional 432,594 shares during the last quarter. Bank of Nova Scotia raised its holdings in shares of Hyatt Hotels by 0.6% in the fourth quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock worth $218,105,000 after buying an additional 9,919 shares during the last quarter. Finally, Fiera Capital Corp raised its holdings in shares of Hyatt Hotels by 0.9% in the fourth quarter. Fiera Capital Corp now owns 574,778 shares of the company’s stock worth $74,957,000 after buying an additional 5,142 shares during the last quarter. 71.02% of the stock is currently owned by institutional investors.

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.