Hyatt Hotels (NYSE:H) PT Raised to $151.00 at Barclays

Hyatt Hotels (NYSE:H) had its price target raised by Barclays from $146.00 to $151.00 in a report released on Wednesday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other analysts have also issued reports about the company. Mizuho lowered their price target on Hyatt Hotels from $204.00 to $200.00 and set an outperform rating on the stock in a research note on Wednesday, August 7th. Macquarie lowered their target price on shares of Hyatt Hotels from $168.00 to $164.00 and set an outperform rating on the stock in a research note on Wednesday, August 7th. Robert W. Baird reduced their target price on shares of Hyatt Hotels from $162.00 to $158.00 and set a neutral rating for the company in a research report on Wednesday, August 7th. Sanford C. Bernstein lowered 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 report on Thursday, August 29th. Finally, StockNews.com downgraded shares of 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, 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 company has an average rating of Hold and a consensus target price of $148.06.

Hyatt Hotels Trading Down 1.0 %

Shares of NYSE:H opened at $147.58 on Wednesday. The business’s 50 day moving average price is $147.07 and its 200-day moving average price is $149.71. Hyatt Hotels has a 1 year low of $96.77 and a 1 year high of $162.24. The firm has a market capitalization of $14.81 billion, a price-to-earnings ratio of 22.92 and a beta of 1.51. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.82 earnings per share. On average, equities research analysts forecast that Hyatt Hotels will post 3.97 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.41%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 9.32%.

Insiders Place Their Bets

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of Hyatt Hotels stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the sale, the insider now owns 623,556 shares in the company, valued at approximately $92,373,585.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the transaction, the insider now directly owns 623,556 shares in the company, valued at approximately $92,373,585.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction 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. Insiders sold a total of 96,796 shares of company stock valued at $14,424,763 over the last 90 days. 23.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC increased 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 worth $1,042,000 after buying an additional 70 shares during the period. Red Spruce Capital LLC raised its holdings in shares of Hyatt Hotels by 0.7% in the 2nd quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock valued at $2,126,000 after purchasing an additional 92 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Hyatt Hotels by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $1,945,000 after purchasing an additional 100 shares during the last quarter. AdvisorShares Investments LLC increased its holdings in Hyatt Hotels by 23.9% in 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 raised its stake in Hyatt Hotels by 2.7% in 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 in the last quarter. Institutional investors and hedge funds 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.