Hyatt Hotels (NYSE:H) Price Target Raised to $151.00

Hyatt Hotels (NYSE:H) had its target price upped by Stifel Nicolaus from $141.00 to $151.00 in a research note released on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other research analysts also recently commented on the company. Sanford C. Bernstein lifted their target price on Hyatt Hotels from $184.00 to $190.00 and gave the stock an outperform rating in a research note on Monday, May 13th. JPMorgan Chase & Co. lifted their target price on Hyatt Hotels from $171.00 to $180.00 and gave the stock an overweight rating in a research note on Friday, July 19th. Mizuho dropped their price target on Hyatt Hotels from $204.00 to $200.00 and set an outperform rating for the company in a report on Wednesday, August 7th. Evercore ISI dropped their price target on Hyatt Hotels from $155.00 to $145.00 and set an in-line rating for the company in a report on Wednesday, August 7th. Finally, Truist Financial dropped their price target on Hyatt Hotels from $168.00 to $164.00 and set a buy rating for the company in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $149.17.

Hyatt Hotels Stock Up 2.5 %

H stock opened at $148.74 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $147.18 and a two-hundred day moving average price of $148.42. The company has a market cap of $15.05 billion, a price-to-earnings ratio of 22.96 and a beta of 1.51. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $162.24.

Hyatt Hotels (NYSE:H) last issued its earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the company posted $0.82 EPS. Analysts anticipate that Hyatt Hotels will post 3.47 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 9.32%.

Insider Transactions at Hyatt Hotels

In related news, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was 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 approximately $3,023,144.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Joan Bottarini sold 305 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $148.00, for a total transaction of $45,140.00. Following the sale, the insider now 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 is available at this hyperlink. Also, Director Michael A. Rocca sold 1,189 shares of the business’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 owns 20,219 shares in the company, valued at approximately $3,023,144.88. The disclosure for this sale can be found here. 23.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

A number of institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Hyatt Hotels by 8.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,996 shares of the company’s stock valued at $303,000 after buying an additional 149 shares during the last quarter. Creative Planning grew its position in shares of Hyatt Hotels by 16.6% in the 2nd quarter. Creative Planning now owns 4,244 shares of the company’s stock valued at $645,000 after buying an additional 603 shares during the last quarter. Millennium Management LLC grew its position in shares of Hyatt Hotels by 700.5% in the 2nd quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock valued at $18,648,000 after buying an additional 107,412 shares during the last quarter. MBB Public Markets I LLC bought a new stake in shares of Hyatt Hotels in the 2nd quarter valued at about $501,000. Finally, Dimension Capital Management LLC grew its position in shares of Hyatt Hotels by 7.3% in the 2nd quarter. Dimension Capital Management LLC now owns 2,611 shares of the company’s stock valued at $397,000 after buying an additional 178 shares during the last quarter. Institutional investors own 71.02% of the company’s stock.

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.