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

Hyatt Hotels (NYSE:H) had its price target lifted by Barclays from $146.00 to $151.00 in a research note released on Wednesday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities research analysts also recently commented on the company. Susquehanna cut their price objective on Hyatt Hotels from $160.00 to $150.00 and set a neutral rating for the company in a research report on Wednesday, August 14th. Robert W. Baird reduced their target price on Hyatt Hotels from $162.00 to $158.00 and set a neutral rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on Hyatt Hotels from $171.00 to $180.00 and gave the stock an overweight rating in a research note on Friday, July 19th. Morgan Stanley reduced their price objective on shares of Hyatt Hotels from $161.00 to $153.00 and set an equal weight rating for the company in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Hyatt Hotels from $127.00 to $120.00 and set a hold rating on the stock in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $148.06.

Hyatt Hotels Price Performance

NYSE:H opened at $144.50 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. The business’s 50-day moving average price is $146.88 and its 200 day moving average price is $149.89. Hyatt Hotels has a 52-week low of $96.77 and a 52-week high of $162.24. The firm has a market cap of $14.62 billion, a P/E ratio of 22.44 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the company posted $0.82 EPS. As a group, sell-side analysts predict that Hyatt Hotels will post 3.97 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th will be given 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 yield of 0.42%. Hyatt Hotels’s payout ratio is 9.32%.

Insiders Place Their Bets

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total value of $6,550,602.66. Following the transaction, the insider now owns 623,556 shares in the company, valued at $92,373,585.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Hyatt Hotels news, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the sale, the director now owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Samuel Hoplamazian sold 44,219 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total value of $6,550,602.66. Following the sale, the insider now owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. The disclosure for this sale can be found here. Insiders have sold a total of 96,796 shares of company stock valued at $14,424,763 in the last three months. Insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. LRI Investments LLC acquired a new position in Hyatt Hotels during the 1st quarter worth $26,000. Riverview Trust Co acquired a new position in shares of Hyatt Hotels during the 1st quarter worth about $27,000. Summit Securities Group LLC bought a new stake in Hyatt Hotels during the 2nd quarter valued at approximately $30,000. Quadrant Capital Group LLC grew its holdings in Hyatt Hotels by 49.8% in the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock valued at $50,000 after buying an additional 127 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Hyatt Hotels by 1,107.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after buying an additional 310 shares during the period. 71.02% of the stock is owned by institutional investors.

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.