Hyatt Hotels Co. (NYSE:H) Receives $151.17 Consensus Target Price from Brokerages

Shares of Hyatt Hotels Co. (NYSE:H) have been assigned an average recommendation of “Hold” from the nineteen brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $151.17.

H has been the subject of several recent research reports. Mizuho dropped their price objective on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Stifel Nicolaus lowered their price target on Hyatt Hotels from $156.75 to $132.00 and set a “hold” rating for the company in a report on Wednesday, April 16th. Morgan Stanley cut their price objective on Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Truist Financial decreased their target price on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Wells Fargo & Company dropped their target price on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th.

Insider Buying and Selling

In other news, insider Jnp 2010-Pg Trust sold 266,793 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $35,416,770.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the transaction, the director now directly owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. This represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 377,220 shares of company stock worth $49,921,103. Insiders own 23.70% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of institutional investors have recently modified their holdings of the business. Bernard Wealth Management Corp. acquired a new position in Hyatt Hotels in the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Hyatt Hotels during the 1st quarter worth approximately $31,000. UMB Bank n.a. lifted its holdings in shares of Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after purchasing an additional 104 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Hyatt Hotels by 750.0% during the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after purchasing an additional 300 shares during the period. Finally, Fifth Third Bancorp grew its stake in Hyatt Hotels by 31.9% during the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock worth $73,000 after buying an additional 113 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

H stock opened at $132.06 on Wednesday. The company has a market cap of $12.61 billion, a PE ratio of 10.62 and a beta of 1.36. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average price of $119.28 and a two-hundred day moving average price of $141.06. Hyatt Hotels has a 12-month low of $102.43 and a 12-month high of $168.20.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.16. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter in the previous year, the business earned $0.71 EPS. As a group, research analysts predict that Hyatt Hotels will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Thursday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 7.79%.

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.