Hyatt Hotels (NYSE:H) Price Target Lowered to $153.00 at Morgan Stanley

Hyatt Hotels (NYSE:H) had its price target lowered by Morgan Stanley from $161.00 to $153.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an equal weight rating on the stock.

H has been the topic of several other reports. Susquehanna assumed coverage on shares of Hyatt Hotels in a research note on Friday, June 21st. They set a neutral rating and a $160.00 price target on the stock. Robert W. Baird decreased their price objective on shares of Hyatt Hotels from $162.00 to $158.00 and set a neutral rating on the stock in a report on Wednesday. StockNews.com upgraded shares of Hyatt Hotels from a sell rating to a hold rating in a research report on Monday, July 15th. Barclays boosted their price objective on shares of Hyatt Hotels from $153.00 to $159.00 and gave the company an equal weight rating in a research report on Friday, May 10th. Finally, Evercore ISI cut their price objective on shares of Hyatt Hotels from $155.00 to $145.00 and set an in-line rating for the company in a research report on Wednesday. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels currently has an average rating of Hold and an average target price of $150.11.

Hyatt Hotels Stock Up 1.3 %

Shares of H traded up $1.79 during midday trading on Wednesday, reaching $135.14. The stock had a trading volume of 569,858 shares, compared to its average volume of 613,482. Hyatt Hotels has a 1-year low of $96.77 and a 1-year high of $162.24. The company’s fifty day simple moving average is $148.00 and its two-hundred day simple moving average is $147.85. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 20.98 and a beta of 1.51. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the business earned $0.82 EPS. Equities research analysts expect that Hyatt Hotels will post 3.47 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.44%. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

Insider Transactions at Hyatt Hotels

In other news, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the transaction, the director now owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Joan Bottarini sold 305 shares of Hyatt Hotels stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $148.00, for a total value of $45,140.00. Following the transaction, the insider now directly owns 15,799 shares of the company’s stock, valued at $2,338,252. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the completion of the transaction, the director now directly owns 20,219 shares in the company, valued at $3,023,144.88. The disclosure for this sale can be found here. Corporate insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Hyatt Hotels by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after purchasing an additional 144,356 shares during the period. Principal Financial Group Inc. boosted its holdings 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 purchasing an additional 162,562 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Hyatt Hotels by 28.5% during the fourth quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock worth $254,061,000 after purchasing an additional 432,594 shares during the period. Bank of Nova Scotia boosted its holdings in shares of Hyatt Hotels by 0.6% during the fourth quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock worth $218,105,000 after purchasing an additional 9,919 shares during the period. Finally, Fiera Capital Corp boosted its holdings in shares of Hyatt Hotels by 0.9% during the fourth quarter. Fiera Capital Corp now owns 574,778 shares of the company’s stock worth $74,957,000 after purchasing an additional 5,142 shares during the period. 71.02% of the stock is owned by hedge funds and other 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.