Hyatt Hotels (NYSE:H) Price Target Raised to $162.00 at Robert W. Baird

Hyatt Hotels (NYSE:HFree Report) had its price target raised by Robert W. Baird from $160.00 to $162.00 in a research report released on Friday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms also recently issued reports on H. Mizuho lifted their price target on shares of Hyatt Hotels from $195.00 to $204.00 and gave the company a buy rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on Hyatt Hotels from $162.00 to $172.00 and gave the company an overweight rating in a report on Friday, March 1st. Morgan Stanley downgraded Hyatt Hotels from an overweight rating to an equal weight rating and lifted their price target for the stock from $149.00 to $156.00 in a research note on Monday, March 11th. Truist Financial increased their price objective on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a buy rating in a research note on Thursday, March 14th. Finally, Wells Fargo & Company upped their price target on shares of Hyatt Hotels from $138.00 to $160.00 and gave the company an overweight rating in a report on Monday, February 26th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Hyatt Hotels presently has an average rating of Hold and a consensus target price of $148.56.

Check Out Our Latest Analysis on Hyatt Hotels

Hyatt Hotels Price Performance

Shares of H traded down $0.12 during mid-day trading on Friday, hitting $149.05. The company’s stock had a trading volume of 382,235 shares, compared to its average volume of 575,545. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. Hyatt Hotels has a 1-year low of $96.77 and a 1-year high of $161.50. The firm has a market capitalization of $15.08 billion, a P/E ratio of 23.14 and a beta of 1.49. The firm has a 50-day simple moving average of $153.55 and a 200 day simple moving average of $136.54.

Hyatt Hotels (NYSE:HGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.02). Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Analysts predict that Hyatt Hotels will post 3.26 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 28th. 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 related news, insider Mark Samuel Hoplamazian sold 75,457 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the transaction, the insider now directly owns 459,000 shares in the company, valued at $72,737,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Mark Samuel Hoplamazian sold 75,457 shares of Hyatt Hotels stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total value of $11,957,670.79. Following the transaction, the insider now directly owns 459,000 shares of the company’s stock, valued at approximately $72,737,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark R. Vondrasek sold 9,867 shares of Hyatt Hotels stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $154.11, for a total value of $1,520,603.37. Following the completion of the transaction, the insider now directly owns 5,100 shares in the company, valued at $785,961. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,084,248 shares of company stock worth $326,572,489. 23.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors and hedge funds have recently made changes to their positions in H. Riverview Trust Co bought a new position in shares of Hyatt Hotels during the first quarter worth about $27,000. Quadrant Capital Group LLC lifted its holdings in Hyatt Hotels by 49.8% in the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after purchasing an additional 127 shares during the period. EntryPoint Capital LLC acquired a new stake in Hyatt Hotels in the first quarter worth about $53,000. GAMMA Investing LLC acquired a new stake in Hyatt Hotels in the fourth quarter worth about $59,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Hyatt Hotels in the third quarter worth about $83,000. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

About Hyatt Hotels

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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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Analyst Recommendations for Hyatt Hotels (NYSE:H)

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