Hyatt Hotels (NYSE:H) Price Target Raised to $158.00 at Robert W. Baird

Hyatt Hotels (NYSE:H) had its price target increased by Robert W. Baird from $157.00 to $158.00 in a report released on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also commented on H. Macquarie decreased their target price on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday. StockNews.com downgraded shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Truist Financial lowered their price objective on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a research report on Friday. Sanford C. Bernstein decreased their target price on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Susquehanna cut their price target on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $151.57.

Hyatt Hotels Stock Up 0.5 %

NYSE:H traded up $0.66 during trading hours on Monday, hitting $143.73. The stock had a trading volume of 34,106 shares, compared to its average volume of 584,960. The business has a 50 day simple moving average of $150.93 and a two-hundred day simple moving average of $148.92. Hyatt Hotels has a 1-year low of $102.62 and a 1-year high of $162.24. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. The company has a market cap of $14.42 billion, a PE ratio of 10.78 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the business posted $0.70 earnings per share. Analysts predict 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. Stockholders 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 dividend yield of 0.42%. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

Insider Buying and Selling

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 623,556 shares in the company, 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 at this link. 23.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its stake in Hyatt Hotels by 165.7% during the 1st quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock worth $8,601,000 after acquiring an additional 33,603 shares during the period. Fidelis Capital Partners LLC acquired a new position in Hyatt Hotels in the first quarter valued at about $85,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in Hyatt Hotels by 152.2% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,453 shares of the company’s stock worth $551,000 after purchasing an additional 2,084 shares during the period. Embree Financial Group acquired a new stake in Hyatt Hotels during the first quarter worth about $200,000. Finally, Texas Permanent School Fund Corp raised its position in shares of Hyatt Hotels by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 38,702 shares of the company’s stock valued at $6,178,000 after buying an additional 506 shares in the last quarter. 71.02% of the stock is currently owned by institutional investors and hedge funds.

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.