Hyatt Hotels (NYSE:H) Raised to "Buy" at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels (NYSE:H - Free Report) from a hold rating to a buy rating in a research note released on Monday, MarketBeat reports.

A number of other analysts have also recently weighed in on the stock. Melius Research upgraded shares of Hyatt Hotels to a "strong-buy" rating in a report on Monday, April 21st. Macquarie cut their price target on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Morgan Stanley lowered their target price on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group decreased their target price on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Finally, Barclays lifted their price target on shares of Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $150.63.

Hyatt Hotels Stock Down 0.1%

NYSE:H traded down $0.18 on Monday, reaching $150.23. The stock had a trading volume of 266,901 shares, compared to its average volume of 949,330. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average of $134.85 and a 200 day moving average of $135.50. The stock has a market cap of $14.34 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 4.86 and a beta of 1.42. Hyatt Hotels has a 12-month low of $102.43 and a 12-month high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.46 earnings per share 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 net margin of 11.94% and a return on equity of 8.98%. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, research analysts predict that Hyatt Hotels will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Thursday, May 29th were given a $0.15 dividend. The ex-dividend date was Thursday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.40%. Hyatt Hotels's dividend payout ratio is currently 7.79%.

Insider Activity

In related news, major shareholder Hotels Corp Hyatt purchased 996,587 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average price of $13.50 per share, for a total transaction of $13,453,924.50. Following the purchase, the insider owned 117,077,441 shares in the company, valued at approximately $1,580,545,453.50. This represents a 0.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David Udell sold 3,891 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $134.03, for a total transaction of $521,510.73. Following the completion of the transaction, the insider owned 16,756 shares in the company, valued at approximately $2,245,806.68. This trade represents a 18.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 371,111 shares of company stock worth $49,273,516. 23.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in H. Bernard Wealth Management Corp. bought a new position in shares of Hyatt Hotels during the fourth quarter valued at $26,000. Bank of Jackson Hole Trust bought a new position in shares of Hyatt Hotels during the first quarter valued at $31,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Hyatt Hotels by 86.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Hyatt Hotels by 33.2% during the second quarter. Fifth Third Bancorp now owns 385 shares of the company's stock valued at $54,000 after acquiring an additional 96 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Hyatt Hotels by 138.8% during the first quarter. UMB Bank n.a. now owns 499 shares of the company's stock valued at $61,000 after acquiring an additional 290 shares during the last quarter. 73.54% of the stock is owned by 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.