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

Shares of Hyatt Hotels Co. (NYSE:H) have been assigned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $143.19.

Several research firms have issued reports on H. StockNews.com upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Monday. Mizuho reduced their price objective on shares of Hyatt Hotels from $197.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Robert W. Baird raised their price objective on shares of Hyatt Hotels from $116.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of Hyatt Hotels from $162.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $135.00 price objective on shares of Hyatt Hotels in a research report on Monday, February 5th.

Insiders Place Their Bets

In other Hyatt Hotels news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of Hyatt Hotels stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total transaction of $200,096,680.00. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Joan Bottarini sold 10,695 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the completion of the sale, the insider now owns 16,104 shares in the company, valued at approximately $2,398,207.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The disclosure for this sale can be found here. Insiders have sold 2,084,248 shares of company stock valued at $326,572,489 in the last three months. 23.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several large investors have recently added to or reduced their stakes in H. New York State Teachers Retirement System purchased a new position in shares of Hyatt Hotels in the fourth quarter worth about $1,472,000. Whittier Trust Co. lifted its position in shares of Hyatt Hotels by 2.6% during the fourth quarter. Whittier Trust Co. now owns 49,812 shares of the company’s stock worth $6,496,000 after acquiring an additional 1,260 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Hyatt Hotels by 0.5% in the third quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company’s stock worth $239,367,000 after acquiring an additional 11,041 shares during the period. State of Michigan Retirement System purchased a new position in shares of Hyatt Hotels in the fourth quarter valued at $1,382,000. Finally, Gulf International Bank UK Ltd lifted its holdings in Hyatt Hotels by 8,771.9% during the 4th quarter. Gulf International Bank UK Ltd now owns 5,057 shares of the company’s stock worth $659,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Stock Down 1.7 %

Shares of NYSE H opened at $147.84 on Friday. The company has a 50 day simple moving average of $154.47 and a 200 day simple moving average of $134.38. The firm has a market cap of $14.96 billion, a PE ratio of 72.47, a price-to-earnings-growth ratio of 21.47 and a beta of 1.49. Hyatt Hotels has a 1 year low of $96.77 and a 1 year high of $161.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Friday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the business earned $2.55 EPS. On average, research analysts forecast that Hyatt Hotels will post 3.24 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Tuesday, February 27th. Hyatt Hotels’s dividend payout ratio is 29.41%.

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.