Hyatt Hotels (NYSE:H) Now Covered by Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Hyatt Hotels (NYSE:H) in a research report report published on Tuesday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $154.00 price objective on the stock.

Several other research analysts have also commented on H. Stifel Nicolaus boosted their price objective on shares of Hyatt Hotels from $155.00 to $158.00 and gave the stock a “hold” rating in a research note on Monday, November 10th. Robert W. Baird raised their target price on shares of Hyatt Hotels from $150.00 to $154.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and upped their price target for the stock from $138.00 to $167.00 in a research report on Tuesday, September 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Thursday, November 13th. Finally, Truist Financial boosted their target price on Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus price target of $157.53.

Hyatt Hotels Trading Up 0.3%

Shares of NYSE H opened at $149.40 on Tuesday. Hyatt Hotels has a 1-year low of $102.43 and a 1-year high of $168.20. The business has a fifty day moving average price of $145.37 and a 200 day moving average price of $141.03. The stock has a market capitalization of $14.19 billion, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 2.54 and a beta of 1.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.79). The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. Hyatt Hotels’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. Equities research analysts expect that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, November 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, November 24th. Hyatt Hotels’s dividend payout ratio is -64.52%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider David Udell sold 4,131 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $151.10, for a total transaction of $624,194.10. Following the completion of the transaction, the insider owned 16,756 shares of the company’s stock, valued at $2,531,831.60. This trade represents a 19.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter Sears sold 12,394 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the sale, the insider directly owned 5,594 shares in the company, valued at approximately $869,922.94. The trade was a 68.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 23,586 shares of company stock valued at $3,611,550. 23.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Hyatt Hotels

Several hedge funds and other institutional investors have recently bought and sold shares of H. Victory Capital Management Inc. boosted its position in Hyatt Hotels by 53.3% in the 1st quarter. Victory Capital Management Inc. now owns 44,111 shares of the company’s stock worth $5,404,000 after purchasing an additional 15,346 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Hyatt Hotels in the 1st quarter valued at $882,000. Flynn Zito Capital Management LLC boosted its holdings in Hyatt Hotels by 13.2% during the first quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company’s stock worth $234,000 after buying an additional 223 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in Hyatt Hotels by 72.0% during the first quarter. Y Intercept Hong Kong Ltd now owns 3,740 shares of the company’s stock valued at $458,000 after buying an additional 1,565 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Hyatt Hotels in the first quarter valued at $1,474,000. 73.54% of the stock is owned by institutional investors and hedge funds.

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.