Barclays Boosts Hyatt Hotels (NYSE:H) Price Target to $151.00

Hyatt Hotels (NYSE:H) had its price objective boosted by Barclays from $146.00 to $151.00 in a research note published on Wednesday, Benzinga reports. They currently have an equal weight rating on the stock.

H has been the subject of a number of other reports. Sanford C. Bernstein dropped their target price on Hyatt Hotels from $185.00 to $178.00 and set an outperform rating for the company in a report on Thursday, August 29th. Mizuho cut their price objective on Hyatt Hotels from $204.00 to $200.00 and set an outperform rating for the company in a report on Wednesday, August 7th. Stifel Nicolaus increased their target price on shares of Hyatt Hotels from $141.00 to $151.00 and gave the stock a hold rating in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Hyatt Hotels from $127.00 to $120.00 and set a hold rating for the company in a report on Wednesday, August 7th. Finally, Evercore ISI decreased their price objective on shares of Hyatt Hotels from $155.00 to $145.00 and set an in-line rating on the stock in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $148.06.

Hyatt Hotels Stock Down 1.9 %

H opened at $144.50 on Wednesday. The company has a market capitalization of $14.62 billion, a P/E ratio of 22.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. The firm’s fifty day moving average price is $146.88 and its two-hundred day moving average price is $149.89. Hyatt Hotels has a fifty-two week low of $96.77 and a fifty-two week high of $162.24.

Hyatt Hotels (NYSE:H) last posted its earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same quarter in the previous year, the firm posted $0.82 earnings per share. On average, analysts anticipate that Hyatt Hotels will post 3.97 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.42%. Hyatt Hotels’s payout ratio is currently 9.32%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the sale, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the sale, the insider now owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael A. Rocca sold 1,189 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the transaction, the director now directly owns 20,219 shares in the company, valued at approximately $3,023,144.88. The disclosure for this sale can be found here. Insiders have sold a total of 96,796 shares of company stock worth $14,424,763 over the last 90 days. Insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in Hyatt Hotels during the 2nd quarter worth $610,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Hyatt Hotels by 8.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,996 shares of the company’s stock worth $303,000 after acquiring an additional 149 shares in the last quarter. Creative Planning raised its position in shares of Hyatt Hotels by 16.6% during the second quarter. Creative Planning now owns 4,244 shares of the company’s stock worth $645,000 after purchasing an additional 603 shares during the period. Millennium Management LLC lifted its holdings in shares of Hyatt Hotels by 700.5% during the 2nd quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock valued at $18,648,000 after purchasing an additional 107,412 shares in the last quarter. Finally, MBB Public Markets I LLC bought a new stake in Hyatt Hotels during the 2nd quarter worth approximately $501,000. 71.02% of the stock is owned by 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.