Hyatt Hotels Co. (NYSE:H) Given Average Recommendation of “Hold” by Brokerages

Hyatt Hotels Co. (NYSE:H) has been assigned an average rating of “Hold” from the nineteen ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $151.17.

H has been the topic of a number of recent research reports. Barclays boosted their target price on Hyatt Hotels from $122.00 to $127.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Macquarie lowered their price objective on shares of Hyatt Hotels from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group upped their price objective on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a “sell” rating in a research report on Friday, May 2nd. Truist Financial reduced their target price on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Evercore ISI dropped their price target on shares of Hyatt Hotels from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd.

Insider Buying and Selling

In other news, insider Jnp 2010-Pg Trust sold 266,793 shares of the business’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $35,416,770.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the sale, the director now directly owns 37,927 shares in the company, valued at approximately $5,377,290.06. The trade was a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 377,220 shares of company stock worth $49,921,103 in the last three months. Corporate insiders own 23.70% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bernard Wealth Management Corp. purchased a new position in Hyatt Hotels during the fourth quarter worth about $26,000. Bank of Jackson Hole Trust purchased a new stake in Hyatt Hotels in the 1st quarter valued at about $31,000. UMB Bank n.a. lifted its holdings in shares of Hyatt Hotels by 99.0% during the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after acquiring an additional 104 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Hyatt Hotels by 750.0% in the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after acquiring an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Hyatt Hotels by 31.9% in the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after purchasing an additional 113 shares during the period. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Down 1.2%

H stock opened at $132.06 on Wednesday. Hyatt Hotels has a 12 month low of $102.43 and a 12 month high of $168.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 10.62 and a beta of 1.36. The company has a fifty day moving average price of $119.28 and a 200 day moving average price of $141.06.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.16. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Sell-side analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Thursday, May 29th. Hyatt Hotels’s dividend payout ratio is currently 7.79%.

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.