Robert W. Baird Cuts Hyatt Hotels (NYSE:H) Price Target to $191.00

Hyatt Hotels (NYSE:H) had its target price cut by Robert W. Baird from $198.00 to $191.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts also recently weighed in on the company. Mizuho boosted their target price on Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Susquehanna lowered their price target on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Stifel Nicolaus set a $182.00 price objective on shares of Hyatt Hotels in a research note on Friday, May 29th. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Morgan Stanley raised their target price on shares of Hyatt Hotels from $208.00 to $218.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.93.

Hyatt Hotels Stock Up 3.3%

Shares of NYSE:H opened at $179.28 on Monday. The company has a market cap of $16.88 billion, a price-to-earnings ratio of 218.64 and a beta of 1.33. Hyatt Hotels has a 12 month low of $134.00 and a 12 month high of $206.86. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $190.17 and a 200 day moving average price of $170.80.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data 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 return on equity of 7.27% and a net margin of 1.10%.The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that Hyatt Hotels will post 3.58 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. Hyatt Hotels’s payout ratio is presently 73.17%.

Insiders Place Their Bets

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,119 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total value of $195,276.69. Following the sale, the director owned 31,225 shares in the company, valued at $5,449,074.75. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Cary D. Mcmillan sold 1,119 shares of Hyatt Hotels stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $174.96, for a total value of $195,780.24. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 23,224 shares of company stock worth $4,173,605. Insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Delta Global Management LP purchased a new stake in Hyatt Hotels in the first quarter worth about $2,151,000. Truist Financial Corp lifted its position in shares of Hyatt Hotels by 970.8% in the 4th quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock worth $2,970,000 after purchasing an additional 16,794 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Hyatt Hotels by 345.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company’s stock valued at $1,422,000 after buying an additional 6,877 shares during the period. Accredited Investors Inc. purchased a new stake in Hyatt Hotels during the fourth quarter worth $1,146,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Hyatt Hotels by 8,321.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 188,551 shares of the company’s stock valued at $30,228,000 after acquiring an additional 186,312 shares during the period. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.