Hyatt Hotels (NYSE:H) Given New $178.00 Price Target at Wells Fargo & Company

Hyatt Hotels (NYSE:H) had its price target raised by Wells Fargo & Company from $167.00 to $178.00 in a report issued on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

H has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reduced their target price on Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Mizuho dropped their target price on shares of Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Truist Financial increased their price objective on shares of Hyatt Hotels from $164.00 to $169.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. One research 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, the stock presently has a consensus rating of “Hold” and an average price target of $152.25.

Hyatt Hotels Stock Performance

NYSE H opened at $154.59 on Tuesday. The stock has a market capitalization of $15.51 billion, a price-to-earnings ratio of 16.68 and a beta of 1.50. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $162.24. The stock has a 50-day moving average of $150.29 and a 200 day moving average of $149.02. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations 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 prior year, the business posted $0.82 earnings per share. Sell-side analysts anticipate that Hyatt Hotels will post 3.87 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. Hyatt Hotels’s payout ratio is currently 6.47%.

Insider Activity at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the sale, the insider now owns 623,556 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 23.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. LRI Investments LLC acquired a new position in Hyatt Hotels during the 1st quarter worth $26,000. Riverview Trust Co purchased a new position in shares of Hyatt Hotels in the 1st quarter valued at about $27,000. Summit Securities Group LLC acquired a new position in shares of Hyatt Hotels during the second quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Hyatt Hotels during the third quarter worth approximately $30,000. Finally, Blue Trust Inc. raised its holdings in Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after acquiring an additional 213 shares in the last quarter. 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.