Hyatt Hotels (NYSE:H) Given New $153.00 Price Target at Morgan Stanley

Hyatt Hotels (NYSE:H) had its price target reduced by Morgan Stanley from $160.00 to $153.00 in a research report sent to investors on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company reduced their target price on shares of Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Robert W. Baird upped their target price on shares of Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus boosted their target price on Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a research report on Tuesday, August 20th. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and an average target price of $151.57.

Hyatt Hotels Trading Down 0.2 %

Shares of H opened at $152.68 on Monday. The firm’s 50-day moving average price is $152.06 and its 200-day moving average price is $149.20. The firm has a market capitalization of $14.66 billion, a price-to-earnings ratio of 11.51 and a beta of 1.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. Hyatt Hotels has a 1-year low of $112.85 and a 1-year high of $162.24.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Sell-side analysts anticipate that Hyatt Hotels will post 3.85 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.39%. Hyatt Hotels’s dividend payout ratio (DPR) is 4.52%.

Insiders Place Their Bets

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s 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 in the company, valued at $93,389,982.12. This represents a 7.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several large investors have recently bought and sold shares of the stock. Sei Investments Co. increased its holdings in shares of Hyatt Hotels by 35.9% in the first quarter. Sei Investments Co. now owns 7,051 shares of the company’s stock valued at $1,126,000 after purchasing an additional 1,863 shares during the period. Russell Investments Group Ltd. increased its holdings in Hyatt Hotels by 3.3% in the 1st quarter. Russell Investments Group Ltd. now owns 16,149 shares of the company’s stock worth $2,578,000 after buying an additional 520 shares during the period. US Bancorp DE raised its position in Hyatt Hotels by 3.6% during the 1st quarter. US Bancorp DE now owns 3,624 shares of the company’s stock worth $578,000 after buying an additional 127 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Hyatt Hotels by 1.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock valued at $1,042,000 after acquiring an additional 70 shares during the period. Finally, UniSuper Management Pty Ltd boosted its holdings in shares of Hyatt Hotels by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 600 shares of the company’s stock valued at $96,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

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.