Hyatt Hotels (NYSE:H) Price Target Cut to $178.00

Hyatt Hotels (NYSE:H) had its price target reduced by Sanford C. Bernstein from $185.00 to $178.00 in a report released on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

H has been the subject of several other research reports. Stifel Nicolaus boosted their price target on Hyatt Hotels from $141.00 to $151.00 and gave the company a hold rating in a report on Tuesday, August 20th. Mizuho cut their price target on Hyatt Hotels from $204.00 to $200.00 and set an outperform rating for the company in a report on Wednesday, August 7th. StockNews.com lowered Hyatt Hotels from a hold rating to a sell rating in a report on Monday, August 12th. Robert W. Baird cut their price target on Hyatt Hotels from $162.00 to $158.00 and set a neutral rating for the company in a report on Wednesday, August 7th. Finally, Barclays boosted their price target on Hyatt Hotels from $153.00 to $159.00 and gave the company an equal weight rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $148.50.

Hyatt Hotels Stock Performance

Shares of H opened at $151.92 on Thursday. 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 has a one year low of $96.77 and a one year high of $162.24. The firm has a market capitalization of $15.37 billion, a P/E ratio of 23.59 and a beta of 1.51. The business has a fifty day moving average of $147.08 and a 200 day moving average of $149.34.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 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 company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. As a group, sell-side analysts anticipate that Hyatt Hotels will post 3.47 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. 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 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 directly owns 623,556 shares in the company, valued at $93,389,982.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the director now owns 20,219 shares in the company, valued at $3,023,144.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,101 shares of company stock worth $14,469,903. Corporate insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in H. O Shaughnessy Asset Management LLC grew its stake in shares of Hyatt Hotels by 1.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock valued at $1,042,000 after buying an additional 70 shares during the last quarter. Red Spruce Capital LLC grew 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 last quarter. Louisiana State Employees Retirement System grew its stake in shares of Hyatt Hotels by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $1,945,000 after buying an additional 100 shares during the last quarter. AdvisorShares Investments LLC grew its stake in shares of Hyatt Hotels by 23.9% during the second quarter. AdvisorShares Investments LLC now owns 559 shares of the company’s stock valued at $83,000 after buying an additional 108 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Hyatt Hotels by 2.7% during the second quarter. Toronto Dominion Bank now owns 4,398 shares of the company’s stock valued at $668,000 after buying an additional 114 shares during the last quarter. 71.02% of the stock is currently 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.