Hyatt Hotels (NYSE:H) Price Target Raised to $189.00

Hyatt Hotels (NYSE:H) had its target price boosted by Wells Fargo & Company from $184.00 to $189.00 in a report released on Monday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other research analysts have also issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, September 21st. Freedom Broker started coverage on shares of Hyatt Hotels in a report on Wednesday, October 14th. They set a “buy” rating and a $192.00 target price on the stock. Truist Financial lifted their price target on shares of Hyatt Hotels from $187.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Robert W. Baird cut their price target on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Finally, Wolfe Research started coverage on Hyatt Hotels in a research note on Wednesday, September 2nd. They issued an “outperform” rating and a $203.00 price target for the company. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Hyatt Hotels presently has an average rating of “Moderate Buy” and an average target price of $197.44.

Hyatt Hotels Stock Up 1.5%

H opened at $178.73 on Monday. Hyatt Hotels has a fifty-two week low of $134.18 and a fifty-two week high of $206.86. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $16.84 billion, a P/E ratio of 217.96 and a beta of 1.40. The stock has a fifty day moving average of $166.17 and a 200-day moving average of $174.71.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the company posted $0.68 earnings per share. Hyatt Hotels’s revenue was up 1.2% compared to the same quarter last year. On average, equities analysts expect that Hyatt Hotels will post 3.51 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were given a $0.15 dividend. The ex-dividend date was Thursday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 73.17%.

Insider Transactions at Hyatt Hotels

In related news, Director Susan Kronick sold 1,700 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $179.88, for a total value of $305,796.00. Following the completion of the transaction, the director owned 29,525 shares of the company’s stock, valued at $5,310,957. The trade was a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $163.06, for a total transaction of $222,413.84. Following the sale, the insider directly owned 4,894 shares of the company’s stock, valued at $798,015.64. This represents a 21.80% decrease in their position. The SEC filing for this sale provides additional information. 23.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in shares of Hyatt Hotels during the 2nd quarter worth approximately $56,408,000. Allspring Global Investments Holdings LLC boosted its position in shares of Hyatt Hotels by 19.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 296,133 shares of the company’s stock worth $42,608,000 after acquiring an additional 48,002 shares in the last quarter. Amundi increased its stake in Hyatt Hotels by 70.9% in the first quarter. Amundi now owns 189,272 shares of the company’s stock valued at $27,215,000 after acquiring an additional 78,544 shares during the last quarter. Quantinno Capital Management LP increased its stake in Hyatt Hotels by 5.2% in the first quarter. Quantinno Capital Management LP now owns 158,946 shares of the company’s stock valued at $22,855,000 after acquiring an additional 7,835 shares during the last quarter. Finally, Swiss National Bank raised its position in Hyatt Hotels by 6.4% during the first quarter. Swiss National Bank now owns 122,700 shares of the company’s stock valued at $17,643,000 after purchasing an additional 7,400 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

About Hyatt Hotels

Hyatt Hotels Corporation is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts, vacation properties and other lodging-related businesses. Its portfolio serves business and leisure travelers across full-service, select-service, luxury, lifestyle, wellness, all-inclusive and extended-stay segments.

The company operates a broad collection of brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Hyatt Centric, Hyatt Place, Hyatt House, Miraval, Alila, Destination by Hyatt and The Unbound Collection by Hyatt.