Truist Financial Boosts Hyatt Hotels (NYSE:H) Price Target to $172.00

Hyatt Hotels (NYSE:H) had its price target lifted by Truist Financial from $143.00 to $172.00 in a report released on Thursday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

H has been the subject of several other reports. Evercore ISI restated an in-line rating and issued a $135.00 price objective on shares of Hyatt Hotels in a research note on Monday, February 5th. Jefferies Financial Group lifted their price target on Hyatt Hotels from $104.00 to $127.00 and gave the company a hold rating in a research report on Tuesday, January 2nd. Robert W. Baird lifted their price target on Hyatt Hotels from $116.00 to $134.00 and gave the company a neutral rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their price target on Hyatt Hotels from $162.00 to $172.00 and gave the company an overweight rating in a research report on Friday, March 1st. Finally, Redburn Atlantic cut Hyatt Hotels from a buy rating to a neutral rating and lifted their price target for the company from $120.00 to $130.00 in a research report on Tuesday, January 16th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $132.87.

Hyatt Hotels Stock Up 1.6 %

H stock traded up $2.49 during trading on Thursday, reaching $156.09. 494,080 shares of the company traded hands, compared to its average volume of 773,585. The business has a 50 day simple moving average of $138.24 and a 200 day simple moving average of $121.98. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.60. Hyatt Hotels has a 12 month low of $96.77 and a 12 month high of $159.81. The company has a market capitalization of $16.06 billion, a price-to-earnings ratio of 76.52, a price-to-earnings-growth ratio of 21.68 and a beta of 1.49.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.26. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the business posted $2.55 earnings per share. On average, equities research analysts anticipate that Hyatt Hotels will post 3.33 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.38%. Hyatt Hotels’s dividend payout ratio (DPR) is 29.41%.

Insider Activity at Hyatt Hotels

In related news, insider Joan Bottarini sold 4,250 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $129.39, for a total value of $549,907.50. Following the sale, the insider now owns 15,551 shares of the company’s stock, valued at $2,012,143.89. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 75,457 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total value of $11,957,670.79. Following the transaction, the insider now directly owns 459,000 shares in the company, valued at $72,737,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joan Bottarini sold 4,250 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $129.39, for a total transaction of $549,907.50. Following the completion of the transaction, the insider now owns 15,551 shares in the company, valued at $2,012,143.89. The disclosure for this sale can be found here. Insiders have sold a total of 1,443,525 shares of company stock valued at $223,090,255 over the last 90 days. 21.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds have recently modified their holdings of the business. State of Wyoming grew its holdings in Hyatt Hotels by 4.2% in the 4th quarter. State of Wyoming now owns 2,180 shares of the company’s stock valued at $197,000 after buying an additional 88 shares during the period. PNC Financial Services Group Inc. grew its holdings in Hyatt Hotels by 3.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,997 shares of the company’s stock valued at $343,000 after buying an additional 88 shares during the period. Procyon Advisors LLC grew its holdings in shares of Hyatt Hotels by 3.8% during the 4th quarter. Procyon Advisors LLC now owns 2,627 shares of the company’s stock worth $343,000 after purchasing an additional 96 shares during the period. Gilbert & Cook Inc. grew its holdings in shares of Hyatt Hotels by 5.8% during the 4th quarter. Gilbert & Cook Inc. now owns 2,047 shares of the company’s stock worth $267,000 after purchasing an additional 113 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in shares of Hyatt Hotels by 49.8% during the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after purchasing an additional 127 shares during the period. 46.03% of the stock is currently owned by hedge funds and other 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.