Barclays Issues Pessimistic Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its price target cut by Barclays from $151.00 to $144.00 in a research note published on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also commented on H. Truist Financial decreased their price objective on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a research note on Friday. Mizuho reduced their price objective on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research report on Friday. Morgan Stanley cut their target price on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Hyatt Hotels has a consensus rating of “Hold” and an average target price of $151.62.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $145.04 on Friday. The firm has a 50-day moving average of $150.93 and a two-hundred day moving average of $148.92. The company has a market capitalization of $14.55 billion, a price-to-earnings ratio of 10.93 and a beta of 1.50. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $162.24.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.75%. During the same quarter in the previous year, the business posted $0.70 earnings per share. As a group, analysts expect that Hyatt Hotels will post 3.87 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Insiders Place Their Bets

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds have recently made changes to their positions in H. State of Michigan Retirement System grew its holdings in shares of Hyatt Hotels by 2.8% during the first quarter. State of Michigan Retirement System now owns 10,900 shares of the company’s stock worth $1,740,000 after purchasing an additional 300 shares during the last quarter. Retirement Systems of Alabama increased its position in Hyatt Hotels by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 55,530 shares of the company’s stock valued at $8,864,000 after acquiring an additional 146 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Hyatt Hotels by 165.7% in the first quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock worth $8,601,000 after acquiring an additional 33,603 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Hyatt Hotels during the first quarter valued at approximately $85,000. Finally, Whittier Trust Co. increased its holdings in shares of Hyatt Hotels by 4.0% in the first quarter. Whittier Trust Co. now owns 51,804 shares of the company’s stock valued at $8,269,000 after purchasing an additional 1,992 shares in the last quarter. Institutional investors and hedge funds 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.