The Goldman Sachs Group Begins Coverage on Hyatt Hotels (NYSE:H)

The Goldman Sachs Group started coverage on shares of Hyatt Hotels (NYSE:H) in a report published on Wednesday morning, MarketBeat reports. The firm issued a neutral rating and a $151.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on H. Mizuho decreased their price objective on shares of Hyatt Hotels from $204.00 to $200.00 and set an outperform rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Hyatt Hotels from $171.00 to $180.00 and gave the company an overweight rating in a research report on Friday, July 19th. StockNews.com cut shares of Hyatt Hotels from a hold rating to a sell rating in a research report on Monday, August 12th. Truist Financial reduced their price target on shares of Hyatt Hotels from $168.00 to $164.00 and set a buy rating for the company in a research report on Monday, August 12th. Finally, Sanford C. Bernstein reduced their price target on shares of Hyatt Hotels from $185.00 to $178.00 and set an outperform rating for the company in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $148.21.

Hyatt Hotels Stock Up 0.5 %

Hyatt Hotels stock opened at $154.87 on Wednesday. Hyatt Hotels has a fifty-two week low of $96.77 and a fifty-two week high of $162.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a 50 day moving average price of $146.34 and a 200 day moving average price of $149.79. The company has a market capitalization of $15.67 billion, a PE ratio of 24.05 and a beta of 1.50.

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

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio (DPR) is 9.32%.

Insider Transactions at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the transaction, the insider now directly owns 623,556 shares in the company, valued at $92,373,585.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Institutional investors have recently added to or reduced their stakes in the stock. LRI Investments LLC purchased a new stake in Hyatt Hotels during the first quarter worth about $26,000. Riverview Trust Co purchased a new stake in shares of Hyatt Hotels in the first quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in shares of Hyatt Hotels in the second quarter valued at about $30,000. EntryPoint Capital LLC purchased a new stake in shares of Hyatt Hotels in the first quarter valued at about $53,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after purchasing an additional 310 shares in 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.