Wells Fargo & Company Lowers Hyatt Hotels (NYSE:H) Price Target to $172.00

Hyatt Hotels (NYSE:H) had its price objective lowered by Wells Fargo & Company from $178.00 to $172.00 in a research report released on Friday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

H has been the topic of a number of other reports. Stifel Nicolaus boosted their target price on shares of Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a report on Tuesday, August 20th. Barclays decreased their price objective on Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating for the company in a report on Friday. Robert W. Baird set a $157.00 target price on Hyatt Hotels in a report on Thursday, October 17th. JPMorgan Chase & Co. increased their price target on Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, The Goldman Sachs Group initiated coverage on Hyatt Hotels in a research note on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 price objective on the stock. Fifteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $151.57.

Hyatt Hotels Stock Down 1.4 %

Shares of NYSE:H opened at $143.07 on Friday. Hyatt Hotels has a 52-week low of $102.62 and a 52-week high of $162.24. The company has a market capitalization of $14.35 billion, a PE ratio of 10.78 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. The company has a fifty day moving average of $150.93 and a 200-day moving average of $148.92.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a return on equity of 10.75% and a net margin of 20.55%. During the same period last year, the company earned $0.70 earnings per share. On average, equities analysts predict that Hyatt Hotels will post 3.87 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s payout ratio is 4.52%.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the transaction, the insider now owns 623,556 shares in the company, valued at approximately $93,389,982.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 23.50% of the stock is owned by company insiders.

Institutional Trading of Hyatt Hotels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its holdings in shares of Hyatt Hotels by 6.5% in the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after purchasing an additional 162,562 shares in the last quarter. Fiera Capital Corp raised its position in Hyatt Hotels by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 574,045 shares of the company’s stock valued at $87,209,000 after buying an additional 6,896 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hyatt Hotels by 10.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company’s stock valued at $73,822,000 after acquiring an additional 46,574 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Hyatt Hotels by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company’s stock worth $71,371,000 after acquiring an additional 20,997 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of Hyatt Hotels by 9.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 354,900 shares of the company’s stock worth $54,016,000 after acquiring an additional 29,300 shares in the last quarter. 71.02% of the stock is owned by institutional investors.

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.