Hyatt Hotels Corporation (NYSE:H) Receives $158.33 Consensus PT from Analysts

Hyatt Hotels Corporation (NYSE:H) has been given a consensus rating of “Moderate Buy” by the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $158.3333.

A number of equities research analysts have commented on H shares. JPMorgan Chase & Co. began coverage on Hyatt Hotels in a report on Monday, November 24th. They set an “overweight” rating and a $178.00 target price on the stock. Wall Street Zen lowered Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Truist Financial lifted their price objective on Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Stifel Nicolaus upped their target price on shares of Hyatt Hotels from $155.00 to $158.00 and gave the company a “hold” rating in a report on Monday, November 10th. Finally, Robert W. Baird lifted their price target on shares of Hyatt Hotels from $154.00 to $156.00 and gave the stock a “neutral” rating in a report on Thursday, November 20th.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $161.27 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The company’s 50-day moving average price is $149.08 and its 200 day moving average price is $143.18. Hyatt Hotels has a 52 week low of $102.43 and a 52 week high of $168.20. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 2.54 and a beta of 1.43.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.79). Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, research analysts forecast that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, November 24th. Hyatt Hotels’s payout ratio is presently -64.52%.

Insiders Place Their Bets

In related news, insider David Udell sold 4,300 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $166.00, for a total value of $713,800.00. Following the completion of the transaction, the insider directly owned 13,746 shares in the company, valued at approximately $2,281,836. This represents a 23.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Peter Sears sold 12,394 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $155.51, for a total value of $1,927,390.94. Following the completion of the sale, the insider directly owned 5,594 shares in the company, valued at approximately $869,922.94. The trade was a 68.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 23,835 shares of company stock worth $3,737,955. Corporate insiders own 23.70% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds have recently modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC increased its position in Hyatt Hotels by 0.8% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock worth $1,339,000 after purchasing an additional 72 shares during the last quarter. Allworth Financial LP raised its position in shares of Hyatt Hotels by 17.8% in the 3rd quarter. Allworth Financial LP now owns 483 shares of the company’s stock worth $69,000 after buying an additional 73 shares during the period. New England Research & Management Inc. increased its stake in Hyatt Hotels by 0.3% during the third quarter. New England Research & Management Inc. now owns 23,351 shares of the company’s stock worth $3,314,000 after acquiring an additional 80 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Hyatt Hotels by 4.1% in the 2nd quarter. Atria Investments Inc now owns 2,063 shares of the company’s stock valued at $288,000 after purchasing an additional 81 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Hyatt Hotels by 2.3% in the third quarter. US Bancorp DE now owns 3,788 shares of the company’s stock valued at $538,000 after buying an additional 85 shares during the period. 73.54% of the stock is owned by institutional investors and hedge funds.

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.