Hyatt Hotels (NYSE:H) Given New $165.00 Price Target at Macquarie

Hyatt Hotels (NYSE:H) had its target price reduced by Macquarie from $172.00 to $165.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently issued reports on H. Evercore ISI upped their price target on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Cfra set a $155.00 price target on Hyatt Hotels in a research report on Thursday, October 17th. Truist Financial dropped their price objective on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Hsbc Global Res raised shares of Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group boosted their price objective on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $162.13.

Hyatt Hotels Stock Performance

Shares of NYSE:H opened at $143.02 on Friday. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 10.78 and a beta of 1.48. Hyatt Hotels has a 52 week low of $128.90 and a 52 week high of $168.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $156.78 and a 200 day moving average of $152.40.

Hyatt Hotels (NYSE:H) last issued 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). Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the prior year, the company posted $0.64 earnings per share. On average, sell-side analysts predict that Hyatt Hotels will post 3.81 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Friday, February 28th. Hyatt Hotels’s payout ratio is currently 4.52%.

Insider Transactions at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the transaction, the insider now owns 5,798 shares in the company, valued at $927,622.02. This represents a 39.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Asset Management One Co. Ltd. raised its holdings in Hyatt Hotels by 0.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after acquiring an additional 66 shares during the last quarter. PFG Investments LLC raised its holdings in Hyatt Hotels by 1.5% in the 3rd quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock valued at $738,000 after acquiring an additional 70 shares during the last quarter. Townsquare Capital LLC grew its stake in shares of Hyatt Hotels by 3.4% in the 4th quarter. Townsquare Capital LLC now owns 2,801 shares of the company’s stock valued at $440,000 after buying an additional 92 shares during the period. Hunter Associates Investment Management LLC grew its stake in shares of Hyatt Hotels by 0.6% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock valued at $2,601,000 after buying an additional 95 shares during the period. Finally, Kensington Investment Counsel LLC grew its stake in shares of Hyatt Hotels by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company’s stock valued at $2,136,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

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.