Hyatt Hotels (NYSE:H) Given New $202.00 Price Target at Sanford C. Bernstein

Hyatt Hotels (NYSE:H) had its target price raised by Sanford C. Bernstein from $186.00 to $202.00 in a report released on Friday morning,Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the stock.

H has been the subject of a number of other reports. Susquehanna reduced their price objective 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. Barclays lifted their price objective on shares of Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wall Street Zen cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Friday, March 27th. Finally, Evercore restated an “in-line” rating and set a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Hyatt Hotels presently has an average rating of “Moderate Buy” and an average target price of $185.07.

Hyatt Hotels Stock Down 0.6%

Shares of NYSE H opened at $168.92 on Friday. The stock has a market capitalization of $15.91 billion, a P/E ratio of -482.62 and a beta of 1.33. The company has a 50-day moving average price of $155.78 and a 200-day moving average price of $158.60. Hyatt Hotels has a 1 year low of $124.82 and a 1 year high of $180.53. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations 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 last year, the company earned $0.46 earnings per share. On average, equities research analysts forecast that Hyatt Hotels will post 3.46 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.4%. Hyatt Hotels’s payout ratio is currently -171.43%.

Insider Activity

In other Hyatt Hotels news, insider Jnp 2010-Pg Trust sold 213,434 shares of Hyatt Hotels stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $167.75, for a total value of $35,803,553.50. Following the sale, the insider owned 213,434 shares of the company’s stock, valued at approximately $35,803,553.50. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kinsey Wolf sold 400 shares of Hyatt Hotels stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $147.28, for a total transaction of $58,912.00. Following the completion of the sale, the insider directly owned 545 shares in the company, valued at approximately $80,267.60. This represents a 42.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 214,234 shares of company stock worth $35,920,202. Insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several hedge funds and other institutional investors have recently modified their holdings of H. Johnson Financial Group Inc. raised its position in shares of Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Hyatt Hotels in the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC raised its position in shares of Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after purchasing an additional 107 shares during the period. DV Equities LLC bought a new stake in shares of Hyatt Hotels in the fourth quarter valued at approximately $32,000. Finally, Quent Capital LLC bought a new stake in shares of Hyatt Hotels in the third quarter valued at approximately $34,000. Institutional investors own 73.54% of the company’s stock.

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.