Hyatt Hotels (NYSE:H) Price Target Lowered to $172.00 at Wells Fargo & Company

Hyatt Hotels (NYSE:H) had its price objective reduced by Wells Fargo & Company from $178.00 to $172.00 in a report released on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently commented on H. Truist Financial dropped their price objective on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a report on Friday. Susquehanna dropped their price target on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Stifel Nicolaus lifted their price objective on shares of Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. increased their target price on Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Finally, Robert W. Baird set a $157.00 price target on Hyatt Hotels in a research report on Thursday, October 17th. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $151.57.

Hyatt Hotels Trading Down 1.4 %

Shares of H stock opened at $143.07 on Friday. Hyatt Hotels has a 12-month low of $102.62 and a 12-month high of $162.24. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average of $150.93 and a 200-day moving average of $148.92. The firm has a market cap of $14.35 billion, a P/E ratio of 10.78 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a return on equity of 10.75% and a net margin of 20.55%. During the same period in the previous year, the company posted $0.70 earnings per share. Sell-side analysts anticipate that Hyatt Hotels will post 3.87 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.42%. Hyatt Hotels’s payout ratio is 4.52%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels 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 transaction of $6,550,602.66. Following the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors and hedge funds have recently bought and sold shares of H. Andra AP fonden boosted its holdings in shares of Hyatt Hotels by 51.2% during the second quarter. Andra AP fonden now owns 35,400 shares of the company’s stock worth $5,378,000 after purchasing an additional 11,994 shares during the period. III Capital Management bought a new stake in shares of Hyatt Hotels in the 2nd quarter worth approximately $871,000. BNP Paribas Financial Markets raised its holdings in shares of Hyatt Hotels by 165.7% during the first quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock valued at $8,601,000 after acquiring an additional 33,603 shares in the last quarter. Retirement Systems of Alabama lifted its stake in Hyatt Hotels by 0.3% in the first quarter. Retirement Systems of Alabama now owns 55,530 shares of the company’s stock worth $8,864,000 after acquiring an additional 146 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Hyatt Hotels by 31.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 39,485 shares of the company’s stock valued at $6,300,000 after acquiring an additional 9,559 shares in the last quarter. 71.02% of the stock is currently owned by institutional investors.

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.