Hyatt Hotels (NYSE:H) Price Target Raised to $127.00

Hyatt Hotels (NYSE:H) had its price target raised by Deutsche Bank Aktiengesellschaft from $120.00 to $127.00 in a report issued on Friday, Benzinga reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts have also weighed in on H. Sanford C. Bernstein decreased their price objective on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Susquehanna lowered their price target on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, August 14th. Barclays raised their price objective on Hyatt Hotels from $146.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 4th. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Finally, Truist Financial cut their price target on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Hyatt Hotels presently has an average rating of “Hold” and an average target price of $151.62.

Hyatt Hotels Trading Down 0.3 %

H opened at $145.04 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50 day moving average price is $150.93 and its 200-day moving average price is $148.92. Hyatt Hotels has a one year low of $96.77 and a one year high of $162.24. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 10.93 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.75% and a net margin of 20.55%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company posted $0.70 EPS. On average, equities analysts forecast that Hyatt Hotels will post 3.87 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.41%. Hyatt Hotels’s dividend payout ratio (DPR) is 4.52%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the sale, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.50% of the stock is currently owned by company insiders.

Institutional Trading of Hyatt Hotels

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its holdings in shares of Hyatt Hotels by 0.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after acquiring an additional 66 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Hyatt Hotels by 1.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock valued at $1,042,000 after purchasing an additional 70 shares during the last quarter. PFG Investments LLC grew its position in Hyatt Hotels by 1.5% during the 3rd quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock worth $738,000 after purchasing an additional 70 shares during the period. Red Spruce Capital LLC lifted its holdings in shares of Hyatt Hotels by 0.7% in the 2nd quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock valued at $2,126,000 after buying an additional 92 shares during the period. Finally, Hunter Associates Investment Management LLC boosted its stake in shares of Hyatt Hotels by 0.6% in the third quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock worth $2,601,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds 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.