Truist Financial Cuts Hyatt Hotels (NYSE:H) Price Target to $158.00

Hyatt Hotels (NYSE:H) had its target price trimmed by Truist Financial from $169.00 to $158.00 in a report issued on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Mizuho reduced their price target on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Stifel Nicolaus raised their price objective on shares of Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a research report on Tuesday, August 20th. Evercore ISI increased their target price on shares of Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Fifteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $151.57.

Hyatt Hotels Price Performance

Shares of H opened at $143.07 on Friday. The company has a market capitalization of $14.35 billion, a price-to-earnings 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 company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50-day moving average of $150.93 and a 200-day moving average of $148.92.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period in the prior year, the business earned $0.70 EPS. As a group, equities research analysts anticipate that Hyatt Hotels will post 3.87 earnings per share for the current 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 issued a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.42%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Insider Transactions at Hyatt Hotels

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

Institutional Trading of Hyatt Hotels

Hedge funds have recently made changes to their positions in the stock. Andra AP fonden lifted its holdings in shares of Hyatt Hotels by 51.2% during the 2nd quarter. Andra AP fonden now owns 35,400 shares of the company’s stock valued at $5,378,000 after buying an additional 11,994 shares during the period. III Capital Management purchased a new stake in shares of Hyatt Hotels during the 2nd quarter valued at about $871,000. BNP Paribas Financial Markets lifted its stake in shares of Hyatt Hotels by 165.7% in the 1st quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock worth $8,601,000 after purchasing an additional 33,603 shares during the period. Retirement Systems of Alabama increased its holdings in 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 buying an additional 146 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Hyatt Hotels by 31.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 39,485 shares of the company’s stock worth $6,300,000 after acquiring an additional 9,559 shares during the last quarter. 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.