Hyatt Hotels Co. (NYSE:H) Given Average Recommendation of “Hold” by Brokerages

Hyatt Hotels Co. (NYSE:H) has been assigned a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the stock, MarketBeat reports. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $156.48.

H has been the topic of several research analyst reports. Cfra set a $155.00 price target on Hyatt Hotels in a research report on Thursday, October 17th. Morgan Stanley lowered their target price on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. JPMorgan Chase & Co. raised their price objective on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus increased their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research report on Tuesday, November 26th.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $154.87 on Thursday. The firm’s 50-day simple moving average is $156.80 and its 200 day simple moving average is $151.64. The stock has a market cap of $14.87 billion, a P/E ratio of 11.67 and a beta of 1.48. 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 fifty-two week low of $124.40 and a fifty-two week high of $168.20.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business posted $0.70 EPS. Equities analysts expect that Hyatt Hotels will post 3.89 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $0.15 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

Insiders Place Their Bets

In other news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the transaction, the insider now owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This represents a 39.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of large investors have recently added to or reduced their stakes in H. Bamco Inc. NY boosted its holdings in Hyatt Hotels by 1.3% during the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after acquiring an additional 68,608 shares during the period. Wellington Management Group LLP boosted its stake in Hyatt Hotels by 3.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after purchasing an additional 56,082 shares during the period. State Street Corp grew its holdings in Hyatt Hotels by 0.4% in the 3rd quarter. State Street Corp now owns 1,441,148 shares of the company’s stock valued at $219,343,000 after buying an additional 6,007 shares during the last quarter. Geode Capital Management LLC increased its position in Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after buying an additional 7,440 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Hyatt Hotels by 10.6% during the second quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company’s stock worth $73,822,000 after buying an additional 46,574 shares during the last quarter. Institutional investors own 73.54% 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.