Hyatt Hotels (NYSE:H) Given New $180.00 Price Target at JPMorgan Chase & Co.

Hyatt Hotels (NYSE:H) had its price target raised by JPMorgan Chase & Co. from $171.00 to $180.00 in a report issued on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also recently issued reports about the company. Barclays upped their price target on Hyatt Hotels from $153.00 to $159.00 and gave the company an equal weight rating in a research report on Friday, May 10th. Robert W. Baird upped their price target on Hyatt Hotels from $160.00 to $162.00 and gave the company a neutral rating in a research note on Friday, May 17th. Truist Financial cut their target price on Hyatt Hotels from $172.00 to $168.00 and set a buy rating on the stock in a research note on Thursday, May 30th. StockNews.com raised Hyatt Hotels from a sell rating to a hold rating in a research note on Monday, July 15th. Finally, TD Cowen raised their price target on Hyatt Hotels from $95.00 to $160.00 and gave the stock a market perform rating in a research report on Thursday, March 21st. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $151.19.

Hyatt Hotels Stock Performance

H opened at $153.97 on Friday. The stock has a market cap of $15.58 billion, a PE ratio of 23.91 and a beta of 1.51. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. Hyatt Hotels has a 1 year low of $96.77 and a 1 year high of $162.24. The stock’s 50 day simple moving average is $149.60 and its 200-day simple moving average is $146.64.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Sell-side analysts forecast that Hyatt Hotels will post 3.47 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. Hyatt Hotels’s dividend payout ratio is 9.32%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Michael A. Rocca sold 1,189 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was 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 $3,023,144.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Joan Bottarini sold 305 shares of Hyatt Hotels stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the sale, the insider now directly owns 15,799 shares of the company’s stock, valued at approximately $2,338,252. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The disclosure for this sale can be found here. Insiders sold a total of 12,189 shares of company stock worth $1,815,619 over the last ninety days. 23.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in H. Norges Bank acquired a new position in Hyatt Hotels in the 4th quarter valued at $72,086,000. Bain Capital Public Equity Management II LLC bought a new position in shares of Hyatt Hotels in the 4th quarter valued at $57,284,000. Franklin Resources Inc. increased its stake in shares of Hyatt Hotels by 28.5% in the 4th 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. Artemis Investment Management LLP bought a new position in shares of Hyatt Hotels in the 1st quarter valued at $48,302,000. Finally, Principal Financial Group Inc. increased its stake in shares of Hyatt Hotels by 6.6% in the 4th 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. 71.02% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Company Profile

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.