Hyatt Hotels (NYSE:H) had its target price lowered by Nomura from $85.00 to $73.00 in a research report sent to investors on Wednesday morning. The brokerage currently has a neutral rating on the stock.
A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Hyatt Hotels from a buy rating to a hold rating in a report on Wednesday, August 22nd. Longbow Research started coverage on shares of Hyatt Hotels in a report on Friday, September 7th. They issued a buy rating and a $99.00 price objective for the company. Berenberg Bank lowered shares of Hyatt Hotels from a buy rating to a hold rating and raised their price objective for the company from $83.00 to $87.50 in a report on Thursday, July 19th. Cowen started coverage on shares of Hyatt Hotels in a report on Monday, October 22nd. They issued a market perform rating and a $75.00 price objective for the company. Finally, Robert W. Baird set a $88.00 price objective on shares of Hyatt Hotels and gave the company a buy rating in a report on Friday, October 19th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $82.41.
Shares of H stock traded down $0.16 on Wednesday, reaching $71.43. The company had a trading volume of 1,136,017 shares, compared to its average volume of 967,437. The stock has a market capitalization of $7.95 billion, a P/E ratio of 40.13, a price-to-earnings-growth ratio of 4.51 and a beta of 1.28. The company has a current ratio of 2.17, a quick ratio of 1.87 and a debt-to-equity ratio of 0.41. Hyatt Hotels has a one year low of $64.82 and a one year high of $84.89.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 28th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Tuesday, November 27th. Hyatt Hotels’s dividend payout ratio is presently 33.71%.
In other Hyatt Hotels news, insider 8-26-22 Gp Llc sold 196,719 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $78.09, for a total transaction of $15,361,786.71. Following the completion of the sale, the insider now owns 100,000 shares of the company’s stock, valued at approximately $7,809,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider H Co Lp Lci sold 110,480 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $78.76, for a total transaction of $8,701,404.80. The disclosure for this sale can be found here. Corporate insiders own 18.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in H. Dimensional Fund Advisors LP grew its position in shares of Hyatt Hotels by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 350,450 shares of the company’s stock worth $26,725,000 after buying an additional 2,723 shares during the period. LPL Financial LLC acquired a new stake in shares of Hyatt Hotels during the 1st quarter worth approximately $254,000. Legal & General Group Plc grew its position in shares of Hyatt Hotels by 58.2% during the 1st quarter. Legal & General Group Plc now owns 34,282 shares of the company’s stock worth $2,614,000 after buying an additional 12,607 shares during the period. Allianz Asset Management GmbH grew its position in shares of Hyatt Hotels by 250.7% during the 1st quarter. Allianz Asset Management GmbH now owns 147,500 shares of the company’s stock worth $11,248,000 after buying an additional 105,440 shares during the period. Finally, Suntrust Banks Inc. acquired a new stake in shares of Hyatt Hotels during the 1st quarter worth approximately $240,000. 37.36% of the stock is owned by institutional investors.
About Hyatt Hotels
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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