Hyatt Hotels (NYSE:H) Price Target Raised to $202.00

Hyatt Hotels (NYSE:H) had its price objective raised by Barclays from $201.00 to $202.00 in a report issued on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

H has been the subject of a number of other reports. Robert W. Baird reduced their price target on shares of Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Truist Financial upped their price target on Hyatt Hotels from $187.00 to $198.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Wells Fargo & Company upped their price target on Hyatt Hotels from $182.00 to $186.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Morgan Stanley raised their price objective on Hyatt Hotels from $209.00 to $211.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Finally, Mizuho lifted their price objective on Hyatt Hotels from $221.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 8th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.38.

Hyatt Hotels Stock Up 0.0%

Shares of NYSE H opened at $169.15 on Friday. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 206.28 and a beta of 1.40. Hyatt Hotels has a 52 week low of $134.18 and a 52 week high of $206.86. The firm has a 50-day moving average price of $166.06 and a 200 day moving average price of $174.04. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that Hyatt Hotels will post 3.54 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, August 27th. Hyatt Hotels’s dividend payout ratio is presently 73.17%.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Amar Lalvani sold 1,364 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $163.06, for a total transaction of $222,413.84. Following the completion of the transaction, the insider directly owned 4,894 shares in the company, valued at approximately $798,015.64. This trade represents a 21.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan Kronick sold 1,700 shares of Hyatt Hotels stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the transaction, the director owned 29,525 shares of the company’s stock, valued at approximately $5,310,957. The trade was a 5.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. New England Research & Management Inc. acquired a new stake in shares of Hyatt Hotels during the third quarter valued at $805,000. Assenagon Asset Management S.A. acquired a new position in Hyatt Hotels in the 3rd quarter valued at about $3,449,000. Wedmont Private Capital acquired a new position in Hyatt Hotels in the 3rd quarter valued at about $333,000. GAMMA Investing LLC raised its stake in Hyatt Hotels by 31.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,229 shares of the company’s stock valued at $353,000 after purchasing an additional 528 shares during the last quarter. Finally, Red Spruce Capital LLC lifted its holdings in Hyatt Hotels by 1.1% in the 3rd quarter. Red Spruce Capital LLC now owns 13,258 shares of the company’s stock valued at $2,102,000 after purchasing an additional 147 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts, vacation properties and other lodging-related businesses. Its portfolio serves business and leisure travelers across full-service, select-service, luxury, lifestyle, wellness, all-inclusive and extended-stay segments.

The company operates a broad collection of brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Hyatt Centric, Hyatt Place, Hyatt House, Miraval, Alila, Destination by Hyatt and The Unbound Collection by Hyatt.