Hyatt Hotels (NYSE:H) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Hyatt Hotels (NYSE:H) from a sell rating to a hold rating in a research note published on Saturday.

A number of other equities analysts have also recently commented on the company. Melius Research upgraded Hyatt Hotels to a “strong-buy” rating in a report on Monday, April 21st. Barclays reduced their target price on Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating for the company in a research note on Friday. Evercore ISI cut their price target on Hyatt Hotels from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group raised their target price on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a “sell” rating in a research note on Friday, May 2nd. Finally, Macquarie decreased their price target on shares of Hyatt Hotels from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and an average target price of $152.26.

Hyatt Hotels Stock Performance

Shares of NYSE H opened at $134.96 on Friday. The stock has a market capitalization of $12.88 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 2.29 and a beta of 1.46. Hyatt Hotels has a 52 week low of $102.43 and a 52 week high of $168.20. The stock has a 50 day moving average price of $140.57 and a 200 day moving average price of $133.83. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.59%. During the same period in the previous year, the company earned $1.53 earnings per share. Analysts predict that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Hyatt Hotels’s payout ratio is presently 14.25%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Jnp 2010-Pg Trust sold 266,793 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $35,416,770.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Hotels Corp Hyatt bought 996,587 shares of the stock in a transaction dated Friday, June 13th. The shares were purchased at an average cost of $13.50 per share, for a total transaction of $13,453,924.50. Following the completion of the transaction, the insider directly owned 117,077,441 shares of the company’s stock, valued at $1,580,545,453.50. This trade represents a 0.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 371,111 shares of company stock worth $49,273,516 over the last ninety days. 23.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds have recently bought and sold shares of H. Long Pond Capital LP bought a new position in Hyatt Hotels during the first quarter valued at about $191,922,000. Invesco Ltd. grew its holdings in Hyatt Hotels by 241.4% during the fourth quarter. Invesco Ltd. now owns 679,557 shares of the company’s stock valued at $106,677,000 after purchasing an additional 480,523 shares during the period. Principal Financial Group Inc. raised its stake in Hyatt Hotels by 16.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company’s stock valued at $384,132,000 after acquiring an additional 441,417 shares during the period. Nuveen LLC purchased a new position in shares of Hyatt Hotels in the first quarter worth about $36,229,000. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Hyatt Hotels during the 4th quarter valued at approximately $43,953,000. 73.54% of the stock is owned by hedge funds and other institutional investors.

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.