H has been the topic of several other research reports. Berenberg Bank upgraded Hyatt Hotels from a hold rating to a buy rating and increased their price target for the company from $69.20 to $78.00 in a report on Friday, November 10th. Citigroup upgraded Hyatt Hotels from a neutral rating to a buy rating and set a $82.00 price target on the stock in a report on Thursday, December 14th. Deutsche Bank increased their price target on Hyatt Hotels from $78.00 to $88.00 and gave the company a hold rating in a report on Friday, February 16th. Morgan Stanley increased their price target on Hyatt Hotels from $63.00 to $67.00 and gave the company an equal weight rating in a report on Friday, November 3rd. Finally, Zacks Investment Research lowered Hyatt Hotels from a strong-buy rating to a hold rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Hyatt Hotels currently has a consensus rating of Hold and a consensus price target of $80.38.
Shares of Hyatt Hotels (NYSE H) opened at $79.94 on Friday. Hyatt Hotels has a twelve month low of $50.21 and a twelve month high of $83.02. The firm has a market capitalization of $9,490.48, a price-to-earnings ratio of 45.94, a P/E/G ratio of 6.91 and a beta of 1.31. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.41.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, March 21st.
Hyatt Hotels declared that its Board of Directors has approved a stock buyback plan on Thursday, December 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 49,173 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $71.54, for a total value of $3,517,836.42. Following the transaction, the insider now owns 300,655 shares of the company’s stock, valued at approximately $21,508,858.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 27.51% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in shares of Hyatt Hotels during the 4th quarter worth $132,000. Acadian Asset Management LLC grew its position in shares of Hyatt Hotels by 134.7% during the 4th quarter. Acadian Asset Management LLC now owns 2,244 shares of the company’s stock worth $165,000 after buying an additional 1,288 shares in the last quarter. Capital Fund Management S.A. bought a new position in shares of Hyatt Hotels during the 4th quarter worth $202,000. Prudential Financial Inc. bought a new position in shares of Hyatt Hotels during the 3rd quarter worth $212,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Hyatt Hotels during the 4th quarter worth $220,000. 38.74% of the stock is currently owned by institutional investors and hedge funds.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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