Hyatt Hotels (NYSE:H) Given New $168.00 Price Target at JPMorgan Chase & Co.

Hyatt Hotels (NYSE:H) had its price target lifted by JPMorgan Chase & Co. from $163.00 to $168.00 in a research note published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities analysts also recently issued reports on H. Morgan Stanley cut their price objective on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Macquarie cut their target price on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Evercore ISI boosted their price objective on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Barclays lowered their target price on Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, HSBC lowered shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price objective on the stock. in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $152.88.

Hyatt Hotels Trading Down 0.3 %

NYSE:H opened at $159.09 on Friday. The firm has a fifty day simple moving average of $154.99 and a two-hundred day simple moving average of $150.34. Hyatt Hotels has a 12 month low of $124.40 and a 12 month high of $168.20. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of 11.99 and a beta of 1.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm earned $0.70 earnings per share. Analysts expect that Hyatt Hotels will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.52%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the transaction, the insider now owns 5,798 shares in the company, valued at $927,622.02. This trade represents a 39.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

A number of institutional investors and hedge funds have recently made changes to their positions in H. Allspring Global Investments Holdings LLC increased its position 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 valued at $39,440,000 after acquiring an additional 199,773 shares in the last quarter. Interval Partners LP increased its position in shares of Hyatt Hotels by 314.1% during the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company’s stock valued at $36,510,000 after purchasing an additional 182,297 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Hyatt Hotels by 6.5% during the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after acquiring an additional 162,562 shares during the last quarter. Icon Wealth Advisors LLC raised its holdings in Hyatt Hotels by 17,641.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock worth $20,009,000 after purchasing an additional 130,724 shares during the period. Finally, Millennium Management LLC increased its holdings in Hyatt Hotels by 700.5% in the 2nd quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock worth $18,648,000 after acquiring an additional 107,412 shares in the last quarter. Institutional investors own 73.54% 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.