Stifel Nicolaus Raises Hyatt Hotels (NYSE:H) Price Target to $151.00

Hyatt Hotels (NYSE:H) had its target price hoisted by Stifel Nicolaus from $141.00 to $151.00 in a report issued on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other equities research analysts also recently issued reports on H. Robert W. Baird lowered their price objective on Hyatt Hotels from $162.00 to $158.00 and set a neutral rating on the stock in a research report on Wednesday, August 7th. Barclays increased their price objective on Hyatt Hotels from $153.00 to $159.00 and gave the stock an equal weight rating in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on Hyatt Hotels from $127.00 to $120.00 and set a hold rating on the stock in a research report on Wednesday, August 7th. Mizuho lowered their price objective on Hyatt Hotels from $204.00 to $200.00 and set an outperform rating on the stock in a research report on Wednesday, August 7th. Finally, Sanford C. Bernstein raised their price target on Hyatt Hotels from $184.00 to $190.00 and gave the company an outperform rating in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $149.17.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $148.74 on Tuesday. Hyatt Hotels has a one year low of $96.77 and a one year high of $162.24. The business has a fifty day moving average price of $147.18 and a 200-day moving average price of $148.42. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $15.05 billion, a P/E ratio of 22.96 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the company earned $0.82 earnings per share. As a group, equities research analysts forecast that Hyatt Hotels will post 3.47 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.40%. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

Insider Transactions at Hyatt Hotels

In related news, insider Joan Bottarini sold 305 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $148.00, for a total value of $45,140.00. Following the sale, the insider now directly owns 15,799 shares of the company’s stock, valued at $2,338,252. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Michael A. Rocca sold 1,189 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joan Bottarini sold 305 shares of Hyatt Hotels stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $148.00, for a total value of $45,140.00. Following the sale, the insider now directly owns 15,799 shares in the company, valued at $2,338,252. The disclosure for this sale can be found here. Company insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in Hyatt Hotels by 165.7% during the 1st quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock valued at $8,601,000 after acquiring an additional 33,603 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Hyatt Hotels by 0.3% during the first quarter. Retirement Systems of Alabama now owns 55,530 shares of the company’s stock valued at $8,864,000 after purchasing an additional 146 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Hyatt Hotels by 31.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 39,485 shares of the company’s stock valued at $6,300,000 after purchasing an additional 9,559 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Hyatt Hotels during the first quarter valued at approximately $3,413,000. Finally, Duality Advisers LP purchased a new position in shares of Hyatt Hotels during the first quarter valued at approximately $1,850,000. 71.02% of the stock is owned by institutional investors.

About Hyatt Hotels

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.