Hyatt Hotels (NYSE:H) Given New $135.00 Price Target at Morgan Stanley

Hyatt Hotels (NYSE:H) had its target price cut by Morgan Stanley from $138.00 to $135.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently issued reports on H. Wells Fargo & Company lifted their price target on Hyatt Hotels from $113.00 to $127.00 and gave the stock an equal weight rating in a report on Friday, July 21st. Truist Financial decreased their price target on Hyatt Hotels from $149.00 to $146.00 and set a buy rating for the company in a report on Friday, September 15th. Stifel Nicolaus decreased their price target on Hyatt Hotels from $119.00 to $115.00 and set a hold rating for the company in a report on Friday, September 22nd. Sanford C. Bernstein lifted their price target on shares of Hyatt Hotels from $136.00 to $147.00 and gave the stock an outperform rating in a research note on Monday, August 14th. Finally, Barclays decreased their price objective on shares of Hyatt Hotels from $126.00 to $123.00 and set an equal weight rating for the company in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $129.30.

Hyatt Hotels Trading Up 2.7 %

H opened at $106.72 on Tuesday. Hyatt Hotels has a 12 month low of $88.01 and a 12 month high of $127.80. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 19.75 and a beta of 1.37. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.73 and a quick ratio of 0.72. The business has a fifty day moving average price of $105.98 and a 200 day moving average price of $111.80.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Tuesday, November 21st. Hyatt Hotels’s payout ratio is currently 14.63%.

Insiders Place Their Bets

In related news, Director Susan D. Kronick sold 1,508 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $116.99, for a total transaction of $176,420.92. Following the sale, the director now owns 39,527 shares of the company’s stock, valued at $4,624,263.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Hyatt Hotels news, Director Richard C. Tuttle acquired 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were acquired at an average cost of $104.49 per share, for a total transaction of $130,612.50. Following the transaction, the director now directly owns 35,877 shares of the company’s stock, valued at $3,748,787.73. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan D. Kronick sold 1,508 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $116.99, for a total transaction of $176,420.92. Following the transaction, the director now owns 39,527 shares of the company’s stock, valued at $4,624,263.73. The disclosure for this sale can be found here. 22.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming grew its holdings in Hyatt Hotels by 4.2% during the 4th quarter. State of Wyoming now owns 2,180 shares of the company’s stock valued at $197,000 after purchasing an additional 88 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Hyatt Hotels by 3.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,997 shares of the company’s stock worth $343,000 after acquiring an additional 88 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Hyatt Hotels by 10.5% in the first quarter. Signaturefd LLC now owns 948 shares of the company’s stock worth $106,000 after acquiring an additional 90 shares in the last quarter. Parallel Advisors LLC grew its stake in Hyatt Hotels by 80.4% during the 1st quarter. Parallel Advisors LLC now owns 276 shares of the company’s stock valued at $31,000 after purchasing an additional 123 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in Hyatt Hotels by 4.2% during the 3rd quarter. M&T Bank Corp now owns 3,284 shares of the company’s stock worth $266,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 46.03% 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/SW Asia 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, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.