Mizuho Trims Hyatt Hotels (NYSE:H) Target Price to $195.00

Hyatt Hotels (NYSE:H) had its price objective cut by Mizuho from $197.00 to $195.00 in a report issued on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Hyatt Hotels from $104.00 to $127.00 and gave the stock a hold rating in a report on Tuesday, January 2nd. TD Cowen upped their price objective on shares of Hyatt Hotels from $95.00 to $160.00 and gave the stock a market perform rating in a report on Thursday, March 21st. JPMorgan Chase & Co. raised their price target on Hyatt Hotels from $162.00 to $172.00 and gave the company an overweight rating in a research report on Friday, March 1st. Morgan Stanley downgraded Hyatt Hotels from an overweight rating to an equal weight rating and raised their price target for the company from $149.00 to $156.00 in a research report on Monday, March 11th. Finally, Truist Financial raised their price target on Hyatt Hotels from $143.00 to $172.00 and gave the company a buy rating in a research report on Thursday, March 14th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $141.88.

Hyatt Hotels Trading Up 2.2 %

Hyatt Hotels stock opened at $149.82 on Tuesday. The company’s fifty day simple moving average is $152.06 and its 200-day simple moving average is $131.13. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. Hyatt Hotels has a 12 month low of $96.77 and a 12 month high of $161.50. The stock has a market cap of $15.16 billion, a P/E ratio of 73.44, a P/E/G ratio of 20.88 and a beta of 1.49.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. During the same period in the prior year, the company posted $2.55 earnings per share. As a group, sell-side analysts forecast that Hyatt Hotels will post 3.24 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Tuesday, February 27th. Hyatt Hotels’s dividend payout ratio is currently 29.41%.

Insider Activity at Hyatt Hotels

In related news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Hyatt Hotels news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of Hyatt Hotels stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total transaction of $200,096,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Traubert Foundation Pritzker sold 704,229 shares of Hyatt Hotels 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 quarter. Corporate insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Hyatt Hotels by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock valued at $550,509,000 after acquiring an additional 144,356 shares in the last quarter. Principal Financial Group Inc. lifted its position in Hyatt Hotels by 6.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,405,283 shares of the company’s stock valued at $313,673,000 after acquiring an additional 148,804 shares in the last quarter. Morgan Stanley lifted its position in Hyatt Hotels by 1.1% in the 3rd quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock valued at $232,836,000 after acquiring an additional 24,121 shares in the last quarter. Franklin Resources Inc. lifted its position in Hyatt Hotels by 28.5% in the 4th quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock valued at $254,061,000 after acquiring an additional 432,594 shares in the last quarter. Finally, Bank of Nova Scotia lifted its position in Hyatt Hotels by 0.6% in the 4th quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock valued at $218,105,000 after acquiring an additional 9,919 shares in the last quarter. 71.02% of the stock is owned by institutional investors.

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.