Hyatt Hotels (NYSE:H) Stock Gets Price Target Cut from Susquehanna

Hyatt Hotels (NYSE:H) had its price objective reduced by Susquehanna from $185.00 to $180.00 in a research report report published on Tuesday morning,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Several other equities research analysts have also recently issued reports on H. Wells Fargo & Company boosted their price objective on shares of Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Truist Financial upped their target price on shares of Hyatt Hotels from $187.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, September 21st. Robert W. Baird decreased their price target on shares of Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Finally, Barclays decreased their price target on shares of Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and an average target price of $197.31.

Hyatt Hotels Stock Up 5.3%

Shares of H opened at $168.75 on Tuesday. The firm has a market capitalization of $15.90 billion, a P/E ratio of 205.80 and a beta of 1.40. Hyatt Hotels has a 12-month low of $134.18 and a 12-month high of $206.86. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. The firm has a fifty day moving average price of $166.23 and a 200-day moving average price of $173.83.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.21. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. Equities research analysts expect that Hyatt Hotels will post 3.54 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is 73.17%.

Insiders Place Their Bets

In other news, insider Amar Lalvani sold 1,364 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $163.06, for a total value of $222,413.84. Following the completion of the transaction, the insider directly owned 4,894 shares of the company’s stock, valued at approximately $798,015.64. The trade was a 21.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan D. Kronick sold 1,700 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $179.88, for a total value of $305,796.00. Following the sale, the director owned 29,525 shares of the company’s stock, valued at $5,310,957. This trade represents a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 23.60% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its holdings in Hyatt Hotels by 19.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 296,133 shares of the company’s stock worth $42,608,000 after purchasing an additional 48,002 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Hyatt Hotels in the 2nd quarter valued at about $56,408,000. Amundi grew its position in shares of Hyatt Hotels by 70.9% in the 1st quarter. Amundi now owns 189,272 shares of the company’s stock worth $27,215,000 after buying an additional 78,544 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Hyatt Hotels by 5.2% in the 1st quarter. Quantinno Capital Management LP now owns 158,946 shares of the company’s stock worth $22,855,000 after buying an additional 7,835 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Hyatt Hotels by 6.4% in the 1st quarter. Swiss National Bank now owns 122,700 shares of the company’s stock worth $17,643,000 after buying an additional 7,400 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE:H) is a global hospitality company that manages, franchises, licenses and owns a portfolio of hotels, resorts and other lodging properties. Its brands span full-service, select-service, luxury, lifestyle, all-inclusive and extended-stay accommodations, serving business and leisure travelers.

The company’s portfolio includes brands such as Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Destination by Hyatt, Hyatt Place, Hyatt House, Hyatt Centric, Caption by Hyatt and World of Hyatt.