Hyatt Hotels (NYSE:H) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Hyatt Hotels (NYSE:H) from a sell rating to a hold rating in a research report report published on Monday morning.

H has been the subject of a number of other reports. Macquarie cut their price target on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company decreased their target price on shares of Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Mizuho cut their price target on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a report on Monday. Cfra set a $155.00 price objective on shares of Hyatt Hotels in a report on Thursday, October 17th. Finally, Truist Financial reduced their price target on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $151.57.

Hyatt Hotels Stock Performance

Shares of H opened at $153.89 on Monday. The company has a market capitalization of $15.44 billion, a PE ratio of 11.60 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The company’s 50 day moving average price is $150.97 and its 200 day moving average price is $148.93. Hyatt Hotels has a 52 week low of $104.76 and a 52 week high of $162.24.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the company posted $0.70 EPS. Research analysts expect that Hyatt Hotels will post 3.86 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

Insider Transactions at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at $92,373,585.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 23.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in H. BNP Paribas Financial Markets grew its holdings in shares of Hyatt Hotels by 165.7% in the 1st quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock worth $8,601,000 after purchasing an additional 33,603 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Hyatt Hotels during the first quarter worth approximately $85,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Hyatt Hotels by 152.2% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,453 shares of the company’s stock worth $551,000 after acquiring an additional 2,084 shares in the last quarter. Embree Financial Group bought a new stake in Hyatt Hotels during the 1st quarter worth approximately $200,000. Finally, Texas Permanent School Fund Corp raised its position in Hyatt Hotels by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 38,702 shares of the company’s stock valued at $6,178,000 after purchasing an additional 506 shares during the last quarter. Institutional investors own 71.02% of the company’s stock.

About Hyatt Hotels

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.