Truist Financial Lowers Hyatt Hotels (NYSE:H) Price Target to $158.00

Hyatt Hotels (NYSE:H) had its price target trimmed by Truist Financial from $169.00 to $158.00 in a research note released on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Bank of America increased their target price on shares of Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft cut their target price on Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Cfra set a $155.00 price objective on shares of Hyatt Hotels in a research note on Thursday, October 17th. Evercore ISI lifted their target price on shares of Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Finally, Macquarie decreased their target price on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday. Fifteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Hold” and an average price target of $151.57.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $143.07 on Friday. 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 has a 52 week low of $102.62 and a 52 week high of $162.24. The firm has a 50-day simple moving average of $150.93 and a 200-day simple moving average of $148.92. The stock has a market capitalization of $14.35 billion, a price-to-earnings ratio of 10.78 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same quarter last year, the firm posted $0.70 earnings per share. On average, equities analysts predict that Hyatt Hotels will post 3.87 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.42%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is 4.52%.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels 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 of the company’s stock, valued at approximately $93,389,982.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of institutional investors have recently added to or reduced their stakes in the company. LRI Investments LLC bought a new stake in shares of Hyatt Hotels during the first quarter valued at about $26,000. Summit Securities Group LLC bought a new position in Hyatt Hotels during the 2nd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Hyatt Hotels in the 3rd quarter worth $30,000. Blue Trust Inc. boosted its stake in Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after buying an additional 213 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after acquiring an additional 310 shares in the last quarter. 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.