Hyatt Hotels (NYSE:H) Earns Neutral Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Hyatt Hotels (NYSE:H) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The firm issued a neutral rating and a $151.00 price objective on the stock.

A number of other research firms have also recently commented on H. Evercore ISI reduced their target price on Hyatt Hotels from $155.00 to $145.00 and set an in-line rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley reduced their price objective on Hyatt Hotels from $161.00 to $153.00 and set an equal weight rating on the stock in a research report on Wednesday, August 7th. Stifel Nicolaus boosted their target price on Hyatt Hotels from $141.00 to $151.00 and gave the stock a hold rating in a research report on Tuesday, August 20th. Robert W. Baird cut their target price on Hyatt Hotels from $162.00 to $158.00 and set a neutral rating for the company in a research note on Wednesday, August 7th. Finally, Sanford C. Bernstein decreased their price target on shares of Hyatt Hotels from $185.00 to $178.00 and set an outperform rating on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Hyatt Hotels presently has a consensus rating of Hold and a consensus price target of $148.21.

Hyatt Hotels Stock Performance

Shares of H opened at $154.89 on Wednesday. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $162.24. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70. The company has a market cap of $15.67 billion, a PE ratio of 24.05 and a beta of 1.50. The stock has a 50-day moving average price of $146.34 and a 200-day moving average price of $149.71.

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, beating the consensus estimate of $0.95 by $0.58. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.76 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same period in the previous year, the business posted $0.82 earnings per share. As a group, equities analysts forecast that Hyatt Hotels will post 3.97 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

Insider Activity

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 623,556 shares in the company, valued at approximately $93,389,982.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in H. Vanguard Group Inc. grew its position in shares of Hyatt Hotels by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after buying an additional 144,356 shares during the period. Principal Financial Group Inc. increased its stake 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 valued at $401,827,000 after purchasing an additional 162,562 shares in the last quarter. Franklin Resources Inc. lifted 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 valued at $254,061,000 after purchasing an additional 432,594 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of Hyatt Hotels by 0.6% in the 4th 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 in the last quarter. Finally, Fiera Capital Corp grew its stake in shares of Hyatt Hotels by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 574,045 shares of the company’s stock worth $87,209,000 after buying an additional 6,896 shares during the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

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.