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

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

H has been the topic of several other research reports. Macquarie cut their price objective on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Evercore ISI upgraded Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price objective on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a report on Friday, December 13th. The Goldman Sachs Group cut their price objective on Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Finally, Barclays cut their target price on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $161.97.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $121.68 on Friday. The firm has a market capitalization of $11.70 billion, a P/E ratio of 9.78 and a beta of 1.51. Hyatt Hotels has a 1 year low of $116.13 and a 1 year high of $168.20. The business has a 50-day moving average of $145.42 and a 200-day moving average of $150.99. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

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

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s dividend payout ratio is currently 4.82%.

Insider Buying and Selling

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

Institutional Trading of Hyatt Hotels

Several large investors have recently modified their holdings of H. Geode Capital Management LLC lifted its position in shares of Hyatt Hotels by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after buying an additional 7,440 shares during the last quarter. TT International Asset Management LTD bought a new stake in shares of Hyatt Hotels during the 4th quarter worth $5,283,000. Bamco Inc. NY lifted its position in shares of Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after buying an additional 68,608 shares during the last quarter. Icon Wealth Advisors LLC lifted its position in shares of Hyatt Hotels by 17,641.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock worth $20,009,000 after buying an additional 130,724 shares during the last quarter. Finally, World Investment Advisors LLC bought a new position in Hyatt Hotels in the third quarter valued at about $4,520,000. 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.