Hyatt Hotels (NYSE:H) Receives New Coverage from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels (NYSE:H) in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $151.00 target price on the stock.

H has been the topic of a number of other research reports. StockNews.com cut shares of Hyatt Hotels from a hold rating to a sell rating in a report on Monday, August 12th. Susquehanna lowered their price target on shares of Hyatt Hotels from $160.00 to $150.00 and set a neutral rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. lifted their price target on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an overweight rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Hyatt Hotels from $127.00 to $120.00 and set a hold rating on the stock in a report on Wednesday, August 7th. Finally, Barclays boosted their target price on shares of Hyatt Hotels from $146.00 to $151.00 and gave the company an equal weight rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of $148.21.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $148.18 on Wednesday. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $162.24. The stock’s 50 day moving average price is $146.39 and its 200-day moving average price is $149.77. The company has a market capitalization of $14.99 billion, a PE ratio of 23.01 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 announced its earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the business earned $0.82 EPS. On average, equities analysts anticipate that Hyatt Hotels will post 3.97 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a $0.15 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.40%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 9.32%.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the sale, the insider now directly owns 623,556 shares in the company, valued at $92,373,585.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 23.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Hyatt Hotels by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after buying an additional 144,356 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after purchasing an additional 162,562 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Hyatt Hotels by 28.5% during the fourth quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock valued at $254,061,000 after purchasing an additional 432,594 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Hyatt Hotels by 0.6% during the fourth quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock valued at $218,105,000 after purchasing an additional 9,919 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in shares of Hyatt Hotels by 1.2% during the second quarter. Fiera Capital Corp now owns 574,045 shares of the company’s stock valued at $87,209,000 after purchasing an additional 6,896 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.