Hyatt Hotels (NYSE:H) Price Target Cut to $132.00 by Analysts at Stifel Nicolaus

Hyatt Hotels (NYSE:H) had its price objective cut by Stifel Nicolaus from $156.75 to $132.00 in a report published on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

Several other equities analysts have also recently weighed in on the company. Barclays dropped their price objective on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Susquehanna increased their price objective on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. StockNews.com downgraded shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. The Goldman Sachs Group reissued a “sell” rating and issued a $110.00 price objective (down from $150.00) on shares of Hyatt Hotels in a research note on Monday, April 14th. Finally, Mizuho cut their target price on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and a consensus target price of $155.22.

Hyatt Hotels Stock Up 0.2 %

H opened at $106.19 on Wednesday. The stock has a fifty day moving average of $126.69 and a 200-day moving average of $145.70. The company has a market capitalization of $10.21 billion, a P/E ratio of 8.54 and a beta of 1.35. Hyatt Hotels has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the firm earned $0.64 EPS. On average, equities analysts expect that Hyatt Hotels will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.82%.

Insider Buying and Selling

In related news, insider Kinsey Wolf sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the sale, the insider now directly owns 811 shares in the company, valued at $99,712.45. This represents a 55.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the sale, the director now directly owns 37,927 shares in the company, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,600 shares of company stock valued at $1,517,798 over the last 90 days. 23.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Hedge funds have recently added to or reduced their stakes in the business. Bamco Inc. NY grew its stake in shares of Hyatt Hotels by 1.2% in the 4th quarter. Bamco Inc. NY now owns 5,550,789 shares of the company’s stock valued at $871,363,000 after buying an additional 67,385 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Hyatt Hotels by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company’s stock worth $447,376,000 after purchasing an additional 9,477 shares during the period. Principal Financial Group Inc. grew its position in Hyatt Hotels by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock valued at $422,960,000 after purchasing an additional 46,413 shares during the period. Bank of Nova Scotia lifted its stake in shares of Hyatt Hotels by 2.2% in the fourth quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company’s stock valued at $269,532,000 after buying an additional 37,057 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after acquiring an additional 7,440 shares during the last quarter. 73.54% of the stock is currently 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.