Hyatt Hotels (NYSE:H) PT Lowered to $158.00

Hyatt Hotels (NYSE:H) had its target price cut by Robert W. Baird from $162.00 to $158.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also recently weighed in on H. StockNews.com upgraded shares of Hyatt Hotels from a sell rating to a hold rating in a research note on Monday, July 15th. Evercore ISI decreased their price objective on Hyatt Hotels from $155.00 to $145.00 and set an in-line rating on the stock in a report on Wednesday. Stifel Nicolaus upped their price objective on Hyatt Hotels from $146.00 to $154.00 and gave the company a hold rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. lifted their target price on Hyatt Hotels from $171.00 to $180.00 and gave the stock an overweight rating in a report on Friday, July 19th. Finally, Macquarie decreased their price target on Hyatt Hotels from $168.00 to $164.00 and set an outperform rating on the stock in a report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $150.11.

Hyatt Hotels Stock Up 1.3 %

Shares of H traded up $1.79 on Wednesday, hitting $135.14. 569,858 shares of the stock traded hands, compared to its average volume of 613,482. The company has a market capitalization of $13.67 billion, a PE ratio of 20.98 and a beta of 1.51. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. Hyatt Hotels has a one year low of $96.77 and a one year high of $162.24. The business has a 50 day simple moving average of $148.00 and a 200 day simple moving average of $147.85.

Hyatt Hotels (NYSE:H) last announced its earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the firm posted $0.82 earnings per share. As a group, equities analysts forecast that Hyatt Hotels will post 3.47 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

Insider Activity at Hyatt Hotels

In other news, Director Michael A. Rocca sold 1,189 shares of the company’s 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 completion of the sale, 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 available through the SEC website. In related news, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction 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 sale, the director now directly owns 20,219 shares in the company, valued at approximately $3,023,144.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joan Bottarini sold 305 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $148.00, for a total transaction of $45,140.00. Following the sale, the insider now directly owns 15,799 shares of the company’s stock, valued at approximately $2,338,252. The disclosure for this sale can be found here. 23.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. increased its holdings in Hyatt Hotels by 33.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,532 shares of the company’s stock worth $852,000 after buying an additional 1,645 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Hyatt Hotels in the fourth quarter worth $623,000. International Assets Investment Management LLC purchased a new position in shares of Hyatt Hotels during the fourth quarter worth $1,361,000. Prime Capital Investment Advisors LLC lifted its position in Hyatt Hotels by 48.6% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 3,383 shares of the company’s stock valued at $441,000 after purchasing an additional 1,107 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in Hyatt Hotels during the 4th quarter worth about $1,472,000. Institutional investors and hedge funds own 71.02% of the company’s stock.

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.