Hyatt Hotels (NYSE:H) Reaches New 12-Month High Following Analyst Upgrade

Shares of Hyatt Hotels Corporation (NYSE:HGet Free Report) reached a new 52-week high on Wednesday after Truist Financial raised their price target on the stock from $181.00 to $187.00. Truist Financial currently has a buy rating on the stock. Hyatt Hotels traded as high as $183.33 and last traded at $181.2210, with a volume of 12936 shares. The stock had previously closed at $179.52.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Hyatt Hotels from $181.00 to $186.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Morgan Stanley boosted their price objective on Hyatt Hotels from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company boosted their price target on Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Finally, Sanford C. Bernstein raised their price target on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $185.50.

Check Out Our Latest Report on Hyatt Hotels

Insider Buying and Selling

In other news, insider Jnp 2010-Pg Trust sold 213,434 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $167.75, for a total value of $35,803,553.50. Following the completion of the sale, the insider owned 213,434 shares in the company, valued at $35,803,553.50. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kinsey Wolf sold 400 shares of Hyatt Hotels stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $147.28, for a total value of $58,912.00. Following the transaction, the insider directly owned 545 shares in the company, valued at approximately $80,267.60. The trade was a 42.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 225,154 shares of company stock worth $37,804,562. 23.60% of the stock is owned by corporate insiders.

Institutional Trading of Hyatt Hotels

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in shares of Hyatt Hotels by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock valued at $52,229,000 after acquiring an additional 29,976 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Hyatt Hotels by 8.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock worth $17,556,000 after purchasing an additional 11,252 shares during the period. Norges Bank purchased a new stake in shares of Hyatt Hotels during the second quarter valued at $616,000. Daiwa Securities Group Inc. boosted its position in shares of Hyatt Hotels by 394.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock valued at $2,418,000 after purchasing an additional 13,812 shares during the period. Finally, Sei Investments Co. increased its stake in Hyatt Hotels by 61.0% in the 2nd quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock worth $9,609,000 after purchasing an additional 26,073 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Trading Up 1.2%

The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The stock has a market cap of $17.11 billion, a price-to-earnings ratio of -519.26 and a beta of 1.33. The company has a fifty day simple moving average of $158.99 and a 200-day simple moving average of $160.33.

Hyatt Hotels (NYSE:HGet Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same period last year, the company posted $0.46 earnings per share. On average, research analysts forecast that Hyatt Hotels Corporation will post 3.48 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, May 29th. Hyatt Hotels’s payout ratio is -171.43%.

Hyatt Hotels Company Profile

(Get Free Report)

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.

Further Reading

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