The Goldman Sachs Group Initiates Coverage on Hyatt Hotels (NYSE:H)

The Goldman Sachs Group initiated coverage on shares of Hyatt Hotels (NYSE:H) in a research note published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $151.00 target price on the stock.

H has been the topic of a number of other reports. Barclays raised their price target on shares of Hyatt Hotels from $146.00 to $151.00 and gave the company an equal weight rating in a research note on Wednesday, September 4th. Morgan Stanley lowered their price target on shares of Hyatt Hotels from $161.00 to $153.00 and set an equal weight rating for the company in a report on Wednesday, August 7th. Evercore ISI dropped their target price on Hyatt Hotels from $155.00 to $145.00 and set an in-line rating for the company in a research report on Wednesday, August 7th. Stifel Nicolaus boosted their price target on Hyatt Hotels from $141.00 to $151.00 and gave the stock a hold rating in a report on Tuesday, August 20th. Finally, Susquehanna cut their target price on shares of Hyatt Hotels from $160.00 to $150.00 and set a neutral rating on the stock in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $148.21.

Hyatt Hotels Trading Up 0.5 %

Shares of NYSE:H opened at $154.89 on Wednesday. The company has a market capitalization of $15.67 billion, a P/E ratio of 24.05 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. The business’s 50 day simple moving average is $146.34 and its 200 day simple moving average is $149.71. Hyatt Hotels has a 1 year low of $96.77 and a 1 year high of $162.24.

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 analysts’ consensus estimates of $0.95 by $0.58. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same period in the prior year, the company posted $0.82 earnings per share. On average, research analysts anticipate that Hyatt Hotels will post 3.97 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. Hyatt Hotels’s payout ratio is 9.32%.

Insiders Place Their Bets

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at $93,389,982.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Hedge funds have recently made changes to their positions in the company. LRI Investments LLC bought a new stake in shares of Hyatt Hotels during the 1st quarter valued at $26,000. Riverview Trust Co bought a new stake in shares of Hyatt Hotels during the first quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in shares of Hyatt Hotels in the second quarter worth about $30,000. Quadrant Capital Group LLC boosted its position in shares of Hyatt Hotels by 49.8% in the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock valued at $50,000 after acquiring an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in Hyatt Hotels by 1,107.1% during the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after acquiring an additional 310 shares in 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.