Mizuho Initiates Coverage on Hyatt Hotels (NYSE:H)

Mizuho started coverage on shares of Hyatt Hotels (NYSE:HFree Report) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $197.00 target price on the stock.

Several other research analysts also recently commented on the stock. Evercore ISI reiterated an in-line rating and issued a $135.00 target price on shares of Hyatt Hotels in a report on Monday, February 5th. Barclays boosted their price objective on shares of Hyatt Hotels from $119.00 to $128.00 and gave the stock an equal weight rating in a report on Monday, January 29th. Royal Bank of Canada boosted their price objective on shares of Hyatt Hotels from $37.00 to $41.00 and gave the stock a sector perform rating in a report on Wednesday, February 14th. Truist Financial boosted their price objective on shares of Hyatt Hotels from $143.00 to $172.00 and gave the stock a buy rating in a report on Thursday, March 14th. Finally, Robert W. Baird boosted their price objective on shares of Hyatt Hotels from $116.00 to $134.00 and gave the stock a neutral rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $138.24.

Check Out Our Latest Report on Hyatt Hotels

Hyatt Hotels Stock Performance

Shares of H opened at $159.29 on Tuesday. The company has a market capitalization of $16.39 billion, a PE ratio of 78.08, a price-to-earnings-growth ratio of 22.67 and a beta of 1.49. Hyatt Hotels has a one year low of $96.77 and a one year high of $160.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59. The company’s fifty day moving average price is $142.40 and its 200 day moving average price is $124.23.

Hyatt Hotels (NYSE:HGet Free Report) last announced its earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.38 by $0.26. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.56 billion. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. During the same quarter last year, the firm posted $2.55 EPS. As a group, analysts expect that Hyatt Hotels will post 3.25 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Wednesday, February 28th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 29.41%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Traubert Foundation Pritzker sold 704,229 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $157.97, for a total transaction of $111,247,055.13. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Mark Samuel Hoplamazian sold 75,457 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the transaction, the insider now directly owns 459,000 shares in the company, valued at $72,737,730. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Traubert Foundation Pritzker sold 704,229 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total transaction of $111,247,055.13. The disclosure for this sale can be found here. Insiders have sold a total of 2,144,504 shares of company stock worth $333,945,183 over the last ninety days. Corporate insiders own 22.15% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

A number of large investors have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Hyatt Hotels during the fourth quarter worth approximately $27,000. First Manhattan CO. LLC. bought a new stake in Hyatt Hotels in the first quarter valued at approximately $25,000. Janiczek Wealth Management LLC increased its stake in Hyatt Hotels by 597.5% in the third quarter. Janiczek Wealth Management LLC now owns 279 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in Hyatt Hotels in the second quarter valued at approximately $34,000. Finally, Quadrant Capital Group LLC increased its stake in Hyatt Hotels by 49.8% in the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock valued at $50,000 after purchasing an additional 127 shares in the last quarter. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Hyatt Hotels (NYSE:H)

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