Hyatt Hotels (NYSE:H) Given New $144.00 Price Target at Morgan Stanley

Hyatt Hotels (NYSE:H) had its price target cut by Morgan Stanley from $157.00 to $144.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also issued reports about the stock. Robert W. Baird reduced their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Stifel Nicolaus increased their price objective on shares of Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Barclays decreased their target price on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Truist Financial raised their target price on shares of Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Susquehanna increased their price target on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $162.24.

Hyatt Hotels Stock Performance

NYSE:H opened at $136.82 on Tuesday. The company has a market cap of $13.16 billion, a price-to-earnings ratio of 11.00 and a beta of 1.51. The firm’s 50-day moving average is $152.38 and its 200-day moving average is $152.78. Hyatt Hotels has a 52-week low of $128.91 and a 52-week high of $168.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83.

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

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, February 28th. Hyatt Hotels’s dividend payout ratio is 4.82%.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now directly owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. The trade was a 4.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bernard Wealth Management Corp. acquired a new stake in Hyatt Hotels during the 4th quarter worth approximately $26,000. Versant Capital Management Inc increased its stake in Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock valued at $32,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. increased its stake in Hyatt Hotels by 99.0% during the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after purchasing an additional 104 shares in the last quarter. iA Global Asset Management Inc. bought a new position in shares of Hyatt Hotels during the third quarter valued at about $51,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Hyatt Hotels by 750.0% in the 4th 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.

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.