Macquarie Has Lowered Expectations for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its target price cut by Macquarie from $165.00 to $164.00 in a research note released on Friday, Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Sanford C. Bernstein lowered their price objective on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company lifted their price objective on Hyatt Hotels from $167.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Truist Financial lifted their price objective on Hyatt Hotels from $164.00 to $169.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, HSBC lowered Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research note on Friday. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Hyatt Hotels presently has an average rating of “Hold” and an average target price of $151.57.

Hyatt Hotels Stock Performance

Shares of H stock opened at $143.07 on Friday. The stock has a market capitalization of $14.35 billion, a PE ratio of 10.78 and a beta of 1.50. Hyatt Hotels has a 52-week low of $102.62 and a 52-week high of $162.24. The stock’s 50-day moving average price is $150.93 and its 200 day moving average price is $148.92. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. As a group, equities research analysts forecast that Hyatt Hotels will post 3.87 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is presently 4.52%.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the transaction, the insider now owns 623,556 shares of the company’s stock, valued at $92,373,585.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. LRI Investments LLC purchased a new position in shares of Hyatt Hotels in the 1st quarter worth $26,000. Summit Securities Group LLC purchased a new position in shares of Hyatt Hotels in the 2nd quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Hyatt Hotels in the 3rd quarter worth $30,000. Blue Trust Inc. raised its position in shares of Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after buying an additional 213 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of 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. Hedge funds and other institutional investors own 71.02% of the company’s stock.

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.