Hyatt Hotels (NYSE:H) Sets New 1-Year High on Analyst Upgrade

Shares of Hyatt Hotels Corporation (NYSE:H) hit a new 52-week high on Wednesday after Truist Financial raised their price target on the stock from $181.00 to $187.00. Truist Financial currently has a buy rating on the stock. Hyatt Hotels traded as high as $183.33 and last traded at $181.2210, with a volume of 12936 shares trading hands. The stock had previously closed at $179.52.

H has been the subject of a number of other reports. Citigroup raised their price objective on Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday. Susquehanna decreased their price target on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on shares of Hyatt Hotels from $181.00 to $186.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Sanford C. Bernstein increased their target price on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Hyatt Hotels has an average rating of “Moderate Buy” and a consensus target price of $185.50.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,119 shares of Hyatt Hotels stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total value of $195,276.69. Following the completion of the sale, the director directly owned 31,225 shares in the company, valued at $5,449,074.75. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the transaction, the insider owned 213,434 shares in the company, valued at approximately $35,803,553.50. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 225,154 shares of company stock valued at $37,804,562. Insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several large investors have recently made changes to their positions in the stock. Fifth Third Wealth Advisors LLC increased its holdings in shares of Hyatt Hotels by 4.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock valued at $210,000 after acquiring an additional 60 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in Hyatt Hotels by 0.8% in the 3rd 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. Steward Partners Investment Advisory LLC boosted its position in Hyatt Hotels by 18.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock worth $74,000 after purchasing an additional 72 shares during the period. Allworth Financial LP grew its holdings in Hyatt Hotels by 17.8% during the third quarter. Allworth Financial LP now owns 483 shares of the company’s stock valued at $69,000 after purchasing an additional 73 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Hyatt Hotels by 3.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock valued at $372,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Stock Performance

The stock’s 50-day moving average price is $158.99 and its 200 day moving average price is $160.33. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The company has a market cap of $17.11 billion, a P/E ratio of -519.26 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same period in the prior year, the firm earned $0.46 EPS. As a group, research analysts expect that Hyatt Hotels Corporation will post 3.48 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is currently -171.43%.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.