Hyatt Hotels (NYSE:H) Price Target Raised to $178.00

Hyatt Hotels (NYSE:H) had its price target increased by Wells Fargo & Company from $167.00 to $178.00 in a research note released on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

H has been the subject of several other reports. Sanford C. Bernstein lowered their price target on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Evercore ISI upped their target price on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a report on Monday. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. raised their price objective on shares of Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Stifel Nicolaus boosted their target price on shares of Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and a consensus target price of $152.25.

Hyatt Hotels Stock Performance

NYSE:H opened at $152.57 on Tuesday. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $162.24. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. The stock’s 50-day simple moving average is $150.06 and its 200 day simple moving average is $149.04. The firm has a market capitalization of $15.44 billion, a PE ratio of 23.69 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same period last year, the company posted $0.82 EPS. On average, analysts anticipate that Hyatt Hotels will post 3.93 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. Hyatt Hotels’s payout ratio is presently 9.32%.

Insiders Place Their Bets

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the transaction, the insider now owns 623,556 shares of the company’s stock, valued at $93,389,982.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors have recently modified their holdings of the company. Artemis Investment Management LLP acquired a new stake in shares of Hyatt Hotels in the 1st quarter worth about $48,302,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Hyatt Hotels by 333.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock valued at $39,440,000 after purchasing an additional 199,773 shares in the last quarter. Interval Partners LP boosted its position in shares of Hyatt Hotels by 314.1% during the second quarter. Interval Partners LP now owns 240,327 shares of the company’s stock valued at $36,510,000 after buying an additional 182,297 shares during the last quarter. Principal Financial Group Inc. grew its holdings 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 buying an additional 162,562 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Hyatt Hotels by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock valued at $550,509,000 after buying an additional 144,356 shares during the last quarter. 71.02% of the stock is owned by institutional investors and hedge funds.

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.