Hyatt Hotels (NYSE:H) Price Target Raised to $168.00 at JPMorgan Chase & Co.

Hyatt Hotels (NYSE:H) had its target price increased by JPMorgan Chase & Co. from $163.00 to $168.00 in a research note released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

H has been the subject of a number of other research reports. Sanford C. Bernstein cut their price target on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Cfra set a $155.00 price target on Hyatt Hotels in a research note on Thursday, October 17th. Evercore ISI lifted their price objective on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a report on Monday, October 21st. The Goldman Sachs Group upped their target price on shares of Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a report on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Hyatt Hotels has an average rating of “Hold” and a consensus price target of $152.88.

Hyatt Hotels Price Performance

Shares of H stock opened at $158.99 on Friday. The company has a market capitalization of $15.27 billion, a P/E ratio of 11.98 and a beta of 1.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. Hyatt Hotels has a 12 month low of $124.40 and a 12 month high of $168.20. The stock has a 50 day moving average of $154.99 and a two-hundred day moving average of $150.40.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company earned $0.70 earnings per share. As a group, equities analysts expect that Hyatt Hotels will post 3.89 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is 4.52%.

Insider Activity at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the transaction, the insider now directly owns 5,798 shares in the company, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in shares of Hyatt Hotels by 333.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after purchasing an additional 199,773 shares during the period. Interval Partners LP raised its holdings in Hyatt Hotels by 314.1% during the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company’s stock worth $36,510,000 after buying an additional 182,297 shares during the period. Principal Financial Group Inc. lifted its stake in 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 buying an additional 162,562 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in shares of Hyatt Hotels by 17,641.6% in the third quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after buying an additional 130,724 shares during the period. Finally, Millennium Management LLC increased its position in shares of Hyatt Hotels by 700.5% during the second quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock worth $18,648,000 after acquiring an additional 107,412 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

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.