Hyatt Hotels (NYSE:H) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Hyatt Hotels (NYSE:H) from a sell rating to a hold rating in a research report report published on Wednesday morning.

Several other research firms have also recently weighed in on H. Truist Financial boosted their price objective on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a buy rating in a report on Thursday, March 14th. Redburn Atlantic cut shares of Hyatt Hotels from a buy rating to a neutral rating and upped their target price for the company from $120.00 to $130.00 in a report on Tuesday, January 16th. Royal Bank of Canada upped their target price on shares of Hyatt Hotels from $37.00 to $41.00 and gave the company a sector perform rating in a report on Wednesday, February 14th. Evercore ISI reaffirmed an in-line rating and set a $135.00 target price on shares of Hyatt Hotels in a report on Monday, February 5th. Finally, Morgan Stanley cut shares of Hyatt Hotels from an overweight rating to an equal weight rating and upped their target price for the company from $149.00 to $156.00 in a report on Monday, March 11th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of $140.53.

Hyatt Hotels Stock Down 0.6 %

H opened at $148.81 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average price of $150.66 and a 200-day moving average price of $129.72. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $161.50. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 72.94, a PEG ratio of 21.69 and a beta of 1.49.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the company earned $2.55 earnings per share. Equities research analysts forecast that Hyatt Hotels will post 3.24 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 28th were paid 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 dividend yield of 0.40%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 29.41%.

Insider Transactions at Hyatt Hotels

In related news, insider Margaret C. Egan sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $157.78, for a total transaction of $157,780.00. Following the completion of the transaction, the insider now owns 20,546 shares in the company, valued at $3,241,747.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Margaret C. Egan sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $157.78, for a total transaction of $157,780.00. Following the completion of the transaction, the insider now owns 20,546 shares in the company, valued at $3,241,747.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Traubert Foundation Pritzker sold 704,229 shares of the company’s stock in a transaction 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 sold a total of 2,077,803 shares of company stock valued at $325,526,849 over the last three months. Corporate insiders own 21.24% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently modified their holdings of H. Bank of New York Mellon Corp lifted its position in Hyatt Hotels by 59.4% during the first quarter. Bank of New York Mellon Corp now owns 256,384 shares of the company’s stock valued at $24,472,000 after purchasing an additional 95,574 shares during the last quarter. American Century Companies Inc. lifted its position in Hyatt Hotels by 31.4% during the first quarter. American Century Companies Inc. now owns 3,991 shares of the company’s stock valued at $381,000 after purchasing an additional 953 shares during the last quarter. Citigroup Inc. lifted its position in Hyatt Hotels by 13.2% during the first quarter. Citigroup Inc. now owns 18,865 shares of the company’s stock valued at $1,801,000 after purchasing an additional 2,194 shares during the last quarter. Natixis Advisors L.P. bought a new position in Hyatt Hotels during the first quarter valued at $1,214,000. Finally, MetLife Investment Management LLC bought a new position in Hyatt Hotels during the first quarter valued at $94,000. Institutional investors own 71.02% of the company’s stock.

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.