Macquarie Cuts Hyatt Hotels (NYSE:H) Price Target to $164.00

Hyatt Hotels (NYSE:H) had its price target reduced by Macquarie from $165.00 to $164.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird set a $157.00 target price on Hyatt Hotels in a report on Thursday, October 17th. Truist Financial boosted their price objective on shares of Hyatt Hotels from $164.00 to $169.00 and gave the company a “buy” rating in a report on Monday, October 14th. Morgan Stanley lowered their target price on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Sanford C. Bernstein reduced their price target on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Bank of America lifted their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $151.62.

Hyatt Hotels Trading Down 0.3 %

Shares of Hyatt Hotels stock opened at $145.04 on Friday. 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 business has a fifty day simple moving average of $150.93 and a two-hundred day simple moving average of $148.92. Hyatt Hotels has a 1 year low of $96.77 and a 1 year high of $162.24. The company has a market capitalization of $14.55 billion, a price-to-earnings ratio of 10.93 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.75%. During the same quarter in the previous year, the firm posted $0.70 EPS. Research analysts forecast that Hyatt Hotels will post 3.87 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. Hyatt Hotels’s payout ratio is presently 4.52%.

Insider Transactions at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the firm’s 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 transaction, the insider now owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds have recently made changes to their positions in the stock. LRI Investments LLC acquired a new stake in Hyatt Hotels during the 1st quarter worth about $26,000. Summit Securities Group LLC bought a new stake in shares of Hyatt Hotels during the 2nd quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Hyatt Hotels in the third quarter worth approximately $30,000. Blue Trust Inc. increased its holdings in Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after purchasing an additional 213 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Hyatt Hotels by 1,107.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after buying an additional 310 shares in the last quarter. 71.02% of the stock is currently owned by institutional investors.

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.