Morgan Stanley Cuts Hyatt Hotels (NYSE:H) Price Target to $153.00

Hyatt Hotels (NYSE:H) had its price objective trimmed by Morgan Stanley from $161.00 to $153.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

H has been the topic of several other research reports. Stifel Nicolaus raised their target price on shares of Hyatt Hotels from $146.00 to $154.00 and gave the company a hold rating in a research note on Thursday, April 11th. Truist Financial reduced their target price on shares of Hyatt Hotels from $172.00 to $168.00 and set a buy rating on the stock in a research note on Thursday, May 30th. Barclays increased their price target on shares of Hyatt Hotels from $153.00 to $159.00 and gave the company an equal weight rating in a research report on Friday, May 10th. StockNews.com upgraded shares of Hyatt Hotels from a sell rating to a hold rating in a research report on Monday, July 15th. Finally, Sanford C. Bernstein increased their price target on shares of Hyatt Hotels from $184.00 to $190.00 and gave the company an outperform rating in a research report on Monday, May 13th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hyatt Hotels has an average rating of Hold and an average target price of $150.11.

Hyatt Hotels Price Performance

NYSE:H traded up $3.16 during mid-day trading on Wednesday, reaching $133.52. 472,406 shares of the company were exchanged, compared to its average volume of 611,491. Hyatt Hotels has a 12 month low of $96.77 and a 12 month high of $162.24. The company has a fifty day moving average of $148.49 and a 200 day moving average of $147.81. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a market cap of $13.51 billion, a PE ratio of 20.73 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. On average, research analysts anticipate that Hyatt Hotels will post 3.47 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.45%. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

Insider Activity at Hyatt Hotels

In related news, Director Michael A. Rocca sold 1,189 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the transaction, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Michael A. Rocca sold 1,189 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the transaction, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joan Bottarini sold 305 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the transaction, the insider now directly owns 15,799 shares of the company’s stock, valued at $2,338,252. The disclosure for this sale can be found here. 23.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Hyatt Hotels during the fourth quarter worth $72,086,000. Bain Capital Public Equity Management II LLC acquired a new stake in shares of Hyatt Hotels during the fourth quarter worth $57,284,000. Franklin Resources Inc. lifted its holdings in shares of Hyatt Hotels by 28.5% during the fourth quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock worth $254,061,000 after buying an additional 432,594 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Hyatt Hotels during the first quarter worth $48,302,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings 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 buying an additional 199,773 shares in the last quarter. 71.02% of the stock is owned by institutional investors.

About Hyatt Hotels

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.