Hyatt Hotels (NYSE:H) Price Target Lowered to $164.00 at Macquarie

Hyatt Hotels (NYSE:H) had its price target trimmed by Macquarie from $165.00 to $164.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on H. JPMorgan Chase & Co. raised their price target on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Cfra set a $155.00 price target on Hyatt Hotels in a research report on Thursday, October 17th. Mizuho reduced their target price on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus increased their target price on shares of Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $151.62.

Hyatt Hotels Price Performance

H traded down $0.41 during trading on Friday, hitting $145.04. 645,290 shares of the stock traded hands, compared to its average volume of 587,228. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 10.93 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50 day moving average price of $150.93 and a 200 day moving average price of $148.93. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $162.24.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. 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 previous year, the company posted $0.70 earnings per share. Equities research analysts forecast that Hyatt Hotels will post 3.87 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 Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is presently 4.52%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of Hyatt Hotels stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total value of $6,550,602.66. Following the sale, the insider now directly owns 623,556 shares in the company, valued at approximately $92,373,585.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its position in shares of Hyatt Hotels by 333.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after buying an additional 199,773 shares during the period. Interval Partners LP raised its stake in Hyatt Hotels by 314.1% in the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company’s stock valued at $36,510,000 after acquiring an additional 182,297 shares during the period. Principal Financial Group Inc. lifted its position in shares of Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after acquiring an additional 162,562 shares in the last quarter. Millennium Management LLC boosted its position in shares of Hyatt Hotels by 700.5% in the second quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock valued at $18,648,000 after acquiring an additional 107,412 shares during the period. Finally, Natixis bought a new position in Hyatt Hotels in the 1st quarter worth about $14,074,000. 71.02% of the stock is currently owned by institutional investors.

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.