Truist Financial Cuts Hyatt Hotels (NYSE:H) Price Target to $158.00

Hyatt Hotels (NYSE:H) had its price objective reduced by Truist Financial from $169.00 to $158.00 in a research report report published on Friday, Benzinga reports. They currently have a buy rating on the stock.

H has been the topic of several other research reports. Stifel Nicolaus lifted their price target on shares of Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a research note on Tuesday, August 20th. Susquehanna lowered their target price on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. Macquarie reduced their price target on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday. Wells Fargo & Company lifted their price objective on Hyatt Hotels from $167.00 to $178.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Cfra set a $155.00 target price on shares of Hyatt Hotels in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $151.62.

Hyatt Hotels Stock Performance

H stock opened at $145.04 on Friday. The company has a market cap of $14.55 billion, a P/E 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. Hyatt Hotels has a 1 year low of $96.77 and a 1 year high of $162.24. The stock’s fifty day moving average price is $150.93 and its 200-day moving average price is $148.92.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.75%. During the same quarter in the prior year, the firm earned $0.70 EPS. On average, equities analysts forecast that Hyatt Hotels will post 3.87 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the business’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 directly owns 623,556 shares of the company’s stock, valued at $92,373,585.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 23.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. LRI Investments LLC bought a new position in Hyatt Hotels in the 1st quarter valued at $26,000. Summit Securities Group LLC bought a new position in shares of Hyatt Hotels in the second quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Hyatt Hotels in the 3rd quarter worth about $30,000. Blue Trust Inc. lifted its holdings in Hyatt Hotels by 190.2% during the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after buying an additional 213 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Hyatt Hotels in the first quarter valued at approximately $53,000. Institutional investors own 71.02% of the company’s stock.

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.