Hyatt Hotels Co. (NYSE:H) Receives Average Recommendation of “Hold” from Analysts

Shares of Hyatt Hotels Co. (NYSE:H) have been assigned an average rating of “Hold” from the eighteen brokerages that are currently covering the company, MarketBeat reports. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $148.06.

Several analysts have recently issued reports on H shares. Truist Financial reduced their target price on Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Macquarie decreased their target price on shares of Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Evercore ISI dropped their target price on shares of Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Wednesday, August 7th. Barclays increased their price target on shares of Hyatt Hotels from $146.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Mizuho lowered their price objective on shares of Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th.

Hyatt Hotels Stock Performance

NYSE H opened at $147.28 on Friday. The firm has a 50-day moving average price of $147.03 and a two-hundred day moving average price of $149.69. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $162.24. The company has a market capitalization of $14.90 billion, a P/E ratio of 22.87 and a beta of 1.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the company posted $0.82 earnings per share. Analysts anticipate that Hyatt Hotels will post 3.97 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 9.32%.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now owns 20,219 shares in the company, valued at approximately $3,023,144.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the transaction, the insider now owns 623,556 shares of the company’s stock, valued at $93,389,982.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael A. Rocca sold 1,189 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,796 shares of company stock worth $14,424,763. Company insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in H. LRI Investments LLC bought a new stake in Hyatt Hotels in the first quarter valued at $26,000. Riverview Trust Co bought a new stake in Hyatt Hotels in the 1st quarter valued at about $27,000. Summit Securities Group LLC acquired a new position in Hyatt Hotels during the 2nd quarter worth approximately $30,000. EntryPoint Capital LLC bought a new position in Hyatt Hotels in the first quarter worth approximately $53,000. Finally, EverSource Wealth Advisors LLC grew its stake in Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after acquiring an additional 310 shares during the period. 71.02% 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.