Hyatt Hotels (NYSE:H) Price Target Lowered to $156.00 at Truist Financial

Hyatt Hotels (NYSE:H) had its target price lowered by Truist Financial from $163.00 to $156.00 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Macquarie lowered their price target on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. The Goldman Sachs Group lowered their price target on Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Evercore ISI upgraded Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price target on the stock in a report on Wednesday, March 5th. Robert W. Baird lowered their price target on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, Stifel Nicolaus raised their price objective on shares of Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $161.97.

Hyatt Hotels Trading Down 1.8 %

NYSE:H opened at $121.68 on Friday. The stock’s 50 day moving average price is $145.42 and its 200 day moving average price is $150.99. Hyatt Hotels has a 52 week low of $116.13 and a 52 week high of $168.20. The company has a market capitalization of $11.70 billion, a P/E ratio of 9.78 and a beta of 1.51. 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 released its quarterly earnings data on Thursday, February 13th. The company reported $0.42 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 firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company posted $0.64 EPS. On average, research analysts forecast that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. Hyatt Hotels’s payout ratio is presently 4.82%.

Insider Activity at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the completion of the transaction, the insider now directly owns 9,337 shares of the company’s stock, valued at $1,090,561.60. The trade was a 51.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction dated 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 transaction, the director now directly owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,600 shares of company stock valued at $1,517,798 over the last ninety days. 23.50% of the stock is owned by insiders.

Institutional Trading of Hyatt Hotels

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in Hyatt Hotels by 14.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,326 shares of the company’s stock worth $365,000 after purchasing an additional 291 shares during the period. Bernard Wealth Management Corp. acquired a new stake in Hyatt Hotels in the fourth quarter worth about $26,000. Toronto Dominion Bank increased its position in Hyatt Hotels by 5.2% in the fourth quarter. Toronto Dominion Bank now owns 6,056 shares of the company’s stock worth $951,000 after purchasing an additional 301 shares during the period. DigitalBridge Group Inc. increased its position in Hyatt Hotels by 5.7% in the fourth quarter. DigitalBridge Group Inc. now owns 73,462 shares of the company’s stock worth $11,532,000 after purchasing an additional 3,950 shares during the period. Finally, Twinbeech Capital LP acquired a new stake in Hyatt Hotels in the fourth quarter worth about $9,341,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

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.