Hyatt Hotels (NYSE:H) PT Raised to $169.00

Hyatt Hotels (NYSE:H) had its target price increased by Truist Financial from $164.00 to $169.00 in a report published on Monday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Stifel Nicolaus raised their price target on Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a report on Tuesday, August 20th. Evercore ISI reduced their price objective on Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating for the company in a research note on Wednesday, August 7th. Mizuho lowered 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, Deutsche Bank Aktiengesellschaft decreased their price target on Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and a consensus price target of $148.47.

Hyatt Hotels Stock Performance

Shares of H stock opened at $153.52 on Monday. The stock’s 50-day moving average is $148.16 and its two-hundred day moving average is $149.18. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. Hyatt Hotels has a 1 year low of $96.77 and a 1 year high of $162.24. The firm has a market cap of $15.53 billion, a price-to-earnings ratio of 23.84 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the business posted $0.82 EPS. Analysts predict that Hyatt Hotels will post 3.93 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the sale, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC lifted its holdings in Hyatt Hotels by 1.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock valued at $1,042,000 after purchasing an additional 70 shares in the last quarter. Red Spruce Capital LLC lifted its stake in shares of Hyatt Hotels by 0.7% during the second quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock valued at $2,126,000 after buying an additional 92 shares during the period. Louisiana State Employees Retirement System grew its stake in Hyatt Hotels by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $1,945,000 after acquiring an additional 100 shares during the period. AdvisorShares Investments LLC raised its holdings in Hyatt Hotels by 23.9% in the 2nd quarter. AdvisorShares Investments LLC now owns 559 shares of the company’s stock valued at $83,000 after acquiring an additional 108 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of Hyatt Hotels by 2.7% during the 2nd quarter. Toronto Dominion Bank now owns 4,398 shares of the company’s stock worth $668,000 after purchasing an additional 114 shares during the period. 71.02% of the stock is currently owned by institutional investors and hedge funds.

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.