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

Hyatt Hotels (NYSE:H) had its price objective trimmed by Macquarie from $165.00 to $164.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on the company. The Goldman Sachs Group started coverage on Hyatt Hotels in a report on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 price objective on the stock. Wells Fargo & Company raised their target price on Hyatt Hotels from $167.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Barclays raised their target price on Hyatt Hotels from $146.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 4th. Finally, Morgan Stanley dropped their target price on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Fifteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $151.57.

Hyatt Hotels Trading Down 1.4 %

Shares of NYSE H opened at $143.07 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $14.35 billion, a P/E ratio of 10.78 and a beta of 1.50. Hyatt Hotels has a 1-year low of $102.62 and a 1-year high of $162.24. The business has a fifty day moving average price of $150.93 and a 200 day moving average price of $148.92.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the company posted $0.70 EPS. Equities research analysts expect that Hyatt Hotels will post 3.87 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.52%.

Insiders Place Their Bets

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the sale, the insider now owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its position in shares of Hyatt Hotels by 333.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock valued at $39,440,000 after acquiring an additional 199,773 shares during the last quarter. Interval Partners LP raised its position in Hyatt Hotels by 314.1% in the second quarter. Interval Partners LP now owns 240,327 shares of the company’s stock valued at $36,510,000 after purchasing an additional 182,297 shares during the period. Principal Financial Group Inc. lifted its stake in Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after purchasing an additional 162,562 shares in the last quarter. Millennium Management LLC boosted its holdings in Hyatt Hotels by 700.5% during the 2nd quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock valued at $18,648,000 after acquiring an additional 107,412 shares during the period. Finally, Natixis purchased a new stake in Hyatt Hotels during the 1st quarter worth approximately $14,074,000. 71.02% of the stock is currently owned by hedge funds and other 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.