Hyatt Hotels (NYSE:H – Free Report) Robert W. Baird lowered his price target from $162.00 to $158.00 in a research note published Wednesday morning, Benzinga reports. Robert W. Baird currently rates the stock “neutral.”
H has been the subject of a number of other reports. Truist Financial lowered their price target on Hyatt Hotels from $172.00 to $168.00 and gave the company a buy rating in a research note on Thursday, May 30th. Mizuho lowered their price target on Hyatt Hotels from $204.00 to $200.00 and gave the company an outperform rating in a research note on Wednesday. Susquehanna began coverage on Hyatt Hotels in a research note on Friday, June 21st. They issued a neutral rating and a $160.00 price target on the stock. Stifel Nicolaus increased their price target on Hyatt Hotels from $146.00 to $154.00 and gave the company a hold rating in a research note on Thursday, April 11th. Finally, Barclays raised their price target on shares of Hyatt Hotels from $153.00 to $159.00 and gave the stock an Equal Weight rating in a research report on Friday, May 10. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating. The company has a consensus rating of “Hold” and a consensus price target of $150.11, according to MarketBeat.
Get our latest stock analysis on Hyatt Hotels
Hyatt Hotels Price Performance
H shares rose $1.79 during trading hours on Wednesday, reaching $135.14. 569,858 shares traded hands, compared to an average volume of 613,482. The company has a market cap of $13.67 billion, a P/E ratio of 20.98 and a beta of 1.51. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $148.00 and its 200-day moving average price is $147.85. 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 announced its quarterly earnings results on Tuesday, August 6. The company reported earnings per share (EPS) of $1.53 for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the company reported earnings per share of $0.82. On average, analysts expect Hyatt Hotels to report earnings per share of $3.47 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 receive a dividend of $0.15. The ex-dividend date of this dividend is Tuesday, August 27th. This represents an annualized dividend of $0.60 and a yield of 0.44%. Hyatt Hotels’ dividend payout ratio (DPR) is 9.32%.
Insider activity
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 13th. The shares were sold at an average price of $149.52, for a total transaction of $177,779.28. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, 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 transaction of $177,779.28. Following the completion of the transaction, the director now owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joan Bottarini sold 305 shares of the company’s stock in a transaction dated Monday, June 3. The shares were sold at an average price of $148.00, for a total value of $45,140.00. Following the sale, the insider now directly owns 15,799 shares of the company’s stock, valued at $2,338,252. The disclosure regarding this sale can be found here. Company insiders own 23.50% of the company’s stock.
Hedge funds comment on Hyatt hotels
Several institutional investors and hedge funds have recently changed their holdings in H. LRI Investments LLC acquired a new position in Hyatt Hotels in the first quarter valued at $26,000. Riverview Trust Co acquired a new position in Hyatt Hotels in the 1st quarter valued at about $27,000. Summit Securities Group LLC acquired a new stake in Hyatt Hotels in the 2nd quarter valued at about $30,000. EntryPoint Capital LLC acquired a new stake in Hyatt Hotels in the 1st quarter valued at about $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Hyatt Hotels in the second quarter valued at about $56,000. 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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