Morgan Stanley Cuts Hyatt Hotels (NYSE:H) Price Target to $144.00

Hyatt Hotels (NYSE:H) had its price objective reduced by Morgan Stanley from $157.00 to $144.00 in a report issued on Tuesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company cut their price target on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Barclays decreased their price target on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Jefferies Financial Group lifted their price target on shares of Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group lifted their price target on shares of Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Robert W. Baird decreased their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $162.24.

Hyatt Hotels Stock Down 2.2 %

NYSE:H opened at $136.82 on Tuesday. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 11.00 and a beta of 1.51. Hyatt Hotels has a one year low of $128.91 and a one year high of $168.20. The stock has a 50-day simple moving average of $152.38 and a 200 day simple moving average of $152.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the business earned $0.64 EPS. Sell-side analysts predict that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.82%.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels 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 completion of the sale, the director now owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. The trade was a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Several institutional investors and hedge funds have recently modified their holdings of the business. Bamco Inc. NY lifted its position in Hyatt Hotels by 1.2% during the 4th quarter. Bamco Inc. NY now owns 5,550,789 shares of the company’s stock worth $871,363,000 after acquiring an additional 67,385 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Hyatt Hotels by 0.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company’s stock worth $447,376,000 after acquiring an additional 9,477 shares during the last quarter. Principal Financial Group Inc. lifted its position in Hyatt Hotels by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock worth $422,960,000 after acquiring an additional 46,413 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Hyatt Hotels by 3.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock worth $267,192,000 after purchasing an additional 56,082 shares during the period. Finally, Bank of Nova Scotia increased its holdings in shares of Hyatt Hotels by 2.2% during the 4th quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company’s stock worth $269,532,000 after purchasing an additional 37,057 shares during the period. Institutional investors and hedge funds own 73.54% 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.