Hyatt Hotels (NYSE:H – Free Report) The price target was cut by Evercore ISI from $155.00 to $145.00 in a report published on Wednesday, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.
Several other equities analysts have also recently issued reports on the company. Macquarie decreased their price target on Hyatt Hotels from $168.00 to $164.00 and gave the stock an outperform rating in a research report on Wednesday. Stifel Nicolaus raised their price target on Hyatt Hotels from $146.00 to $154.00 and gave the company a hold rating in a report on Thursday, April 11. JPMorgan Chase & Co. increased their price target on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an overweight rating in a research report on Friday, July 19. Barclays increased 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 10. Finally, Truist Financial lowered their price target on Hyatt Hotels from $172.00 to $168.00 and gave the stock a buy rating in a research report on Thursday, May 30. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating. The stock has an average hold rating and an average price target of $150.11, according to data from MarketBeat.com.
Check out our latest report on Hyatt Hotels
Hyatt Hotels shares rise 1.3%
NYSE H rose $1.79 during trading hours on Wednesday, reaching $135.14. 569,858 shares of the company traded hands, compared to an average volume of 613,482. The company has a 50-day moving average of $148.00 and a 200-day moving average of $147.85. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 20.98 and a beta of 1.51. Hyatt Hotels has a 52-week low of $96.77 and a 52-week high of $162.24.
Hyatt Hotels (NYSE:H – Get Free Report) last released its quarterly earnings results on Tuesday, August 6. The company reported earnings per share of $1.53 for the quarter, beating the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the company generated earnings per share of $0.82. Equities analysts expect Hyatt Hotels to report earnings per share of $3.47 for the current year.
Hyatt Hotels announces dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will receive a dividend of $0.15 per share. This represents an annualized dividend of $0.60 and a dividend yield of 0.44%. The ex-dividend date is Tuesday, August 27th. Hyatt Hotels’ dividend payout ratio is currently 9.32%.
Insider activity
In other Hyatt Hotels news, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, June 13. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the transaction, the director now directly owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The sale was disclosed in a filing with the SEC, which is available at the SEC’s website. In other Hyatt Hotels news, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction that occurred on Thursday, June 13. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the transaction, the director now directly owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, on Monday, June 3, insider Joan Bottarini sold 305 shares of the company’s stock. The shares were sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the transaction, the insider now directly owns 15,799 shares of the company’s stock, valued at $2,338,252. The disclosure of this sale can be found here. Insiders own 23.50% of the company’s stock.
Institutional trading in Hyatt Hotels
A number of institutional investors have recently made changes to their positions in H. LRI Investments LLC acquired a new position in Hyatt Hotels in the 1st quarter valued at around $26,000. Riverview Trust Co acquired a new position in shares of Hyatt Hotels in the 1st quarter valued at $27,000. Summit Securities Group LLC acquired a new position in Hyatt Hotels in the 2nd quarter valued at $30,000. Quadrant Capital Group LLC increased its holdings in Hyatt Hotels by 49.8% in the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock valued at $50,000 after purchasing an additional 127 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Hyatt Hotels in the 1st quarter valued at $53,000. Hedge funds and other institutional investors own 71.02% of the company’s stock.
Company profile of Hyatt Hotels
(Get free report)
Hyatt Hotels Corporation is a hotel 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 a real estate portfolio consisting of full-service hotels and resorts, select-service hotels and other properties, including timeshares, timeshares, residential, vacation homes and condominiums.
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