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

Shares of Hyatt Hotels Co. (NYSE:H) have been assigned a consensus recommendation of “Hold” from the twenty-one research firms that are currently covering the company, Marketbeat.com reports. Fourteen research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $151.57.

A number of equities research analysts have recently commented on the company. Wells Fargo & Company cut their target price on Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group assumed coverage on Hyatt Hotels in a research note on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 target price on the stock. Morgan Stanley cut their target price on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Monday. HSBC cut Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research note on Friday, November 1st. Finally, Mizuho cut their target price on Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th.

Insider Transactions at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the sale, the insider now owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. This trade represents a 7.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently added to or reduced their stakes in H. Sei Investments Co. raised its stake in Hyatt Hotels by 35.9% during the 1st quarter. Sei Investments Co. now owns 7,051 shares of the company’s stock valued at $1,126,000 after purchasing an additional 1,863 shares during the period. Russell Investments Group Ltd. increased its stake in Hyatt Hotels by 3.3% in the 1st quarter. Russell Investments Group Ltd. now owns 16,149 shares of the company’s stock worth $2,578,000 after acquiring an additional 520 shares during the last quarter. US Bancorp DE increased its stake in Hyatt Hotels by 3.6% in the 1st quarter. US Bancorp DE now owns 3,624 shares of the company’s stock worth $578,000 after acquiring an additional 127 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Hyatt Hotels by 1.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock worth $1,042,000 after acquiring an additional 70 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its stake in Hyatt Hotels by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 600 shares of the company’s stock worth $96,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Price Performance

Shares of H stock opened at $153.26 on Wednesday. The stock has a market cap of $14.72 billion, a price-to-earnings ratio of 11.55 and a beta of 1.50. The business’s fifty day moving average is $152.26 and its 200 day moving average is $149.22. Hyatt Hotels has a twelve month low of $112.85 and a twelve month high of $162.24. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period in the prior year, the firm earned $0.70 earnings per share. Research analysts expect that Hyatt Hotels will post 3.85 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.52%.

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.