Hyatt Hotels (NYSE:H) PT Lowered to $195.00 at Mizuho

Hyatt Hotels (NYSE:H) had its price target reduced by Mizuho from $197.00 to $195.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Mizuho currently has a buy rating on the stock.

Several other analysts also recently weighed in on H. TD Cowen lifted their target price on Hyatt Hotels from $95.00 to $160.00 and gave the company a market perform rating in a research note on Thursday, March 21st. Jefferies Financial Group lifted their target price on Hyatt Hotels from $104.00 to $127.00 and gave the company a hold rating in a research note on Tuesday, January 2nd. Evercore ISI reaffirmed an in-line rating and set a $135.00 target price on shares of Hyatt Hotels in a research note on Monday, February 5th. Truist Financial lifted their target price on Hyatt Hotels from $143.00 to $172.00 and gave the company a buy rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada lifted their target price on Hyatt Hotels from $37.00 to $41.00 and gave the company a sector perform rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hyatt Hotels currently has an average rating of Hold and a consensus target price of $141.88.

Hyatt Hotels Price Performance

Shares of H opened at $151.25 on Tuesday. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 74.14, a PEG ratio of 21.66 and a beta of 1.49. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $161.50. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average of $152.85 and a 200-day moving average of $131.42.

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

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Tuesday, February 27th. Hyatt Hotels’s payout ratio is 29.41%.

Insider Buying and Selling

In related news, insider Joan Bottarini sold 4,250 shares of Hyatt Hotels stock in a transaction on Thursday, February 1st. The stock was 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 in the company, valued at approximately $1,454,664.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Traubert Foundation Pritzker sold 704,229 shares of Hyatt Hotels stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total transaction of $111,247,055.13. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 owns 11,301 shares in the company, valued at approximately $1,454,664.72. The disclosure for this sale can be found here. Insiders have sold 2,077,803 shares of company stock worth $325,526,849 in the last three months. 23.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Hyatt Hotels by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock valued at $550,509,000 after purchasing an additional 144,356 shares during the last quarter. Principal Financial Group Inc. boosted its position in Hyatt Hotels by 6.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,405,283 shares of the company’s stock valued at $313,673,000 after purchasing an additional 148,804 shares during the last quarter. Morgan Stanley boosted its position in Hyatt Hotels by 1.1% during the third quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock valued at $232,836,000 after purchasing an additional 24,121 shares during the last quarter. Franklin Resources Inc. boosted its position in Hyatt Hotels by 28.5% during the fourth quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock valued at $254,061,000 after purchasing an additional 432,594 shares during the last quarter. Finally, Bank of Nova Scotia boosted its position in Hyatt Hotels by 0.6% during the fourth quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock valued at $218,105,000 after purchasing an additional 9,919 shares during the last quarter. Hedge funds and other institutional investors own 71.02% 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.