Hyatt Hotels (NYSE:H) Cut to “Hold” at HSBC

HSBC downgraded shares of Hyatt Hotels (NYSE:H) from a buy rating to a hold rating in a report released on Friday morning, MarketBeat Ratings reports. HSBC currently has $156.00 price target on the stock.

Several other research firms have also recently weighed in on H. Truist Financial raised their price objective on shares of Hyatt Hotels from $164.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Sanford C. Bernstein dropped their price objective on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Macquarie reduced their price objective on Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their target price 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, Robert W. Baird set a $157.00 price target on Hyatt Hotels in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $151.62.

Hyatt Hotels Price Performance

Shares of H traded down $0.41 on Friday, hitting $145.04. The company’s stock had a trading volume of 645,290 shares, compared to its average volume of 587,228. The company has a 50 day moving average price of $150.93 and a 200 day moving average price of $148.93. Hyatt Hotels has a fifty-two week low of $96.77 and a fifty-two week high of $162.24. The company has a market capitalization of $14.55 billion, a PE ratio of 15.65 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. On average, research analysts anticipate that Hyatt Hotels will post 3.87 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. Hyatt Hotels’s dividend payout ratio is 6.47%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the sale, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of 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 lifted its stake 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 acquiring an additional 6,896 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Hyatt Hotels by 10.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company’s stock worth $73,822,000 after acquiring an additional 46,574 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Hyatt Hotels by 9.0% in the third quarter. Handelsbanken Fonder AB now owns 354,900 shares of the company’s stock valued at $54,016,000 after purchasing an additional 29,300 shares during the last quarter. Institutional investors own 71.02% 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.