Hyatt Hotels (NYSE:H – Free Report) had its price target cut by Barclays from $162.00 to $151.00 in a research note released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.
Several other brokerages have also issued reports on H. HSBC lowered Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research note on Friday, November 1st. Jefferies Financial Group boosted their price target on Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Truist Financial lowered their price target on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Morgan Stanley lowered their price target on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Finally, Stifel Nicolaus boosted their price target on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $162.13.
Hyatt Hotels Trading Down 3.0 %
Hyatt Hotels (NYSE:H – Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Equities research analysts forecast that Hyatt Hotels will post 3.81 earnings per share for the current year.
Hyatt Hotels Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Friday, February 28th. Hyatt Hotels’s dividend payout ratio is 4.82%.
Insiders Place Their Bets
In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the transaction, the insider now owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This represents a 39.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.50% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Bamco Inc. NY lifted its stake in shares of Hyatt Hotels by 1.3% in the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after purchasing an additional 68,608 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Hyatt Hotels by 0.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company’s stock valued at $447,376,000 after buying an additional 9,477 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Hyatt Hotels by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock valued at $422,960,000 after buying an additional 46,413 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Hyatt Hotels by 3.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after buying an additional 56,082 shares in the last quarter. Finally, Bank of Nova Scotia increased its position in shares of Hyatt Hotels by 2.2% in the 4th quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company’s stock valued at $269,532,000 after buying an additional 37,057 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.
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.
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