Hyatt Hotels Corporation (NYSE:H) Receives Average Recommendation of "Moderate Buy" from Brokerages

Hyatt Hotels Corporation (NYSE:H - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $150.63.

A number of brokerages have issued reports on H. Morgan Stanley cut their target price on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Melius Research raised Hyatt Hotels to a "strong-buy" rating in a research report on Monday, April 21st. Robert W. Baird upped their target price on Hyatt Hotels from $146.00 to $148.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Barclays upped their target price on Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, Evercore ISI cut their target price on Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $7,083,672.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Cary D. Mcmillan sold 1,000 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $132.70, for a total value of $132,700.00. Following the completion of the sale, the director directly owned 498 shares in the company, valued at $66,084.60. This represents a 66.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 371,111 shares of company stock valued at $49,273,516 over the last three months. 23.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several large investors have recently added to or reduced their stakes in the stock. Townsquare Capital LLC grew its stake in shares of Hyatt Hotels by 3.4% in the fourth quarter. Townsquare Capital LLC now owns 2,801 shares of the company's stock worth $440,000 after purchasing an additional 92 shares in the last quarter. Kensington Investment Counsel LLC grew its stake in shares of Hyatt Hotels by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company's stock worth $2,136,000 after purchasing an additional 95 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Hyatt Hotels by 0.9% in the fourth quarter. Arizona State Retirement System now owns 13,050 shares of the company's stock worth $2,049,000 after purchasing an additional 110 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Hyatt Hotels by 5.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock worth $256,000 after purchasing an additional 110 shares in the last quarter. Finally, Snowden Capital Advisors LLC grew its stake in shares of Hyatt Hotels by 2.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 5,025 shares of the company's stock worth $789,000 after purchasing an additional 116 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Stock Up 1.4%

Hyatt Hotels stock traded up $1.97 during midday trading on Thursday, hitting $147.36. 635,156 shares of the company were exchanged, compared to its average volume of 756,142. The company's fifty day moving average price is $131.62 and its 200-day moving average price is $136.00. The company has a market cap of $14.07 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 4.76 and a beta of 1.42. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. Hyatt Hotels has a fifty-two week low of $102.43 and a fifty-two week high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.30 by $0.16. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. During the same period in the previous year, the company posted $0.71 EPS. On average, research analysts predict that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, May 29th. Hyatt Hotels's dividend payout ratio is presently 7.79%.

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.