Truist Financial Cuts Hyatt Hotels (NYSE:H) Price Target to $156.00

Hyatt Hotels (NYSE:H) had its target price decreased by Truist Financial from $163.00 to $156.00 in a report released on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other research firms also recently weighed in on H. Robert W. Baird dropped their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Macquarie dropped their target price on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on shares of Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Morgan Stanley lowered their price target on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a report on Tuesday, March 4th. Finally, Jefferies Financial Group lifted their price target on shares of Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $161.97.

Hyatt Hotels Stock Down 1.8 %

Shares of NYSE H opened at $121.68 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels has a 52 week low of $116.13 and a 52 week high of $168.20. The firm has a 50-day moving average price of $145.42 and a 200 day moving average price of $151.02. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 9.78 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned $0.64 EPS. Equities research analysts anticipate that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.49%. Hyatt Hotels’s dividend payout ratio (DPR) is 4.82%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 10,000 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the transaction, the insider now directly owns 9,337 shares of the company’s stock, valued at approximately $1,090,561.60. The trade was a 51.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, the director now directly owns 37,927 shares in the company, valued at approximately $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,600 shares of company stock valued at $1,517,798 over the last ninety days. Corporate insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bernard Wealth Management Corp. bought a new stake in shares of Hyatt Hotels in the fourth quarter worth $26,000. Versant Capital Management Inc increased its stake in shares of Hyatt Hotels by 583.3% in the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after buying an additional 104 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in shares of Hyatt Hotels in the third quarter worth $51,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Hyatt Hotels by 750.0% in the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after buying an additional 300 shares during the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

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.