Hyatt Hotels (NYSE:H) Given New $153.00 Price Target at Barclays

Hyatt Hotels (NYSE:H) had its target price reduced by Barclays from $156.00 to $153.00 in a report published on Friday, Benzinga reports. They currently have an equal weight rating on the stock.

H has been the topic of several other reports. Morgan Stanley downgraded shares of Hyatt Hotels from an overweight rating to an equal weight rating and increased their price objective for the company from $149.00 to $156.00 in a report on Monday, March 11th. JPMorgan Chase & Co. increased their price objective on shares of Hyatt Hotels from $162.00 to $172.00 and gave the company an overweight rating in a report on Friday, March 1st. Royal Bank of Canada increased their target price on shares of Hyatt Hotels from $37.00 to $41.00 and gave the company a sector perform rating in a research report on Wednesday, February 14th. Truist Financial increased their target price on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a buy rating in a research report on Thursday, March 14th. Finally, Mizuho assumed coverage on shares of Hyatt Hotels in a research report on Tuesday, March 26th. They issued a buy rating and a $197.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $142.00.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $146.34 on Friday. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of 71.74, a price-to-earnings-growth ratio of 21.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59. Hyatt Hotels has a 1 year low of $96.77 and a 1 year high of $161.50. The firm has a 50-day moving average of $151.31 and a two-hundred day moving average of $130.13.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.38 by $0.26. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.56 billion. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. During the same quarter in the previous year, the business posted $2.55 EPS. On average, research analysts forecast that Hyatt Hotels will post 3.24 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. Hyatt Hotels’s dividend payout ratio is currently 29.41%.

Insider Transactions at Hyatt Hotels

In other news, insider Margaret C. Egan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $157.78, for a total transaction of $157,780.00. Following the completion of the sale, the insider now owns 20,546 shares in the company, valued at approximately $3,241,747.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Joan Bottarini sold 4,250 shares of Hyatt Hotels stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $128.72, for a total value of $547,060.00. Following the transaction, the insider now directly owns 11,301 shares of the company’s stock, valued at approximately $1,454,664.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Margaret C. Egan sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $157.78, for a total transaction of $157,780.00. Following the completion of the transaction, the insider now directly owns 20,546 shares in the company, valued at $3,241,747.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,077,803 shares of company stock worth $325,526,849. 23.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System purchased a new stake in shares of Hyatt Hotels in the 4th quarter worth about $1,472,000. Whittier Trust Co. boosted its position in shares of Hyatt Hotels by 2.6% in the 4th quarter. Whittier Trust Co. now owns 49,812 shares of the company’s stock worth $6,496,000 after buying an additional 1,260 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Hyatt Hotels by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company’s stock worth $239,367,000 after buying an additional 11,041 shares in the last quarter. State of Michigan Retirement System purchased a new stake in shares of Hyatt Hotels in the 4th quarter worth about $1,382,000. Finally, Gulf International Bank UK Ltd lifted its holdings in Hyatt Hotels by 8,771.9% in the 4th quarter. Gulf International Bank UK Ltd now owns 5,057 shares of the company’s stock valued at $659,000 after purchasing an additional 5,000 shares in the last quarter. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

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.