Stifel Nicolaus Cuts Hyatt Hotels (NYSE:H) Price Target to $132.00

Hyatt Hotels (NYSE:H - Free Report) had its price target reduced by Stifel Nicolaus from $156.75 to $132.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

Other analysts also recently issued research reports about the company. Evercore ISI upgraded Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 price objective on the stock in a report on Wednesday, March 5th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $110.00 price objective (down previously from $150.00) on shares of Hyatt Hotels in a research note on Monday, April 14th. Robert W. Baird dropped their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. StockNews.com downgraded shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Finally, Mizuho decreased their target price on Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating on the stock in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Hyatt Hotels has a consensus rating of "Hold" and an average target price of $155.22.

Hyatt Hotels Price Performance

H stock traded down $2.21 during trading on Wednesday, hitting $103.70. The company had a trading volume of 249,987 shares, compared to its average volume of 638,329. Hyatt Hotels has a fifty-two week low of $101.42 and a fifty-two week high of $168.20. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 8.34 and a beta of 1.35. The business has a 50 day moving average of $126.69 and a 200 day moving average of $145.64. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter last year, the company earned $0.64 EPS. As a group, research analysts predict that Hyatt Hotels will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a $0.15 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.58%. Hyatt Hotels's payout ratio is 4.82%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the transaction, the insider now owns 9,337 shares of the company's stock, valued at approximately $1,090,561.60. The trade was a 51.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the transaction, the director now owns 37,927 shares of the company's stock, valued at approximately $5,377,290.06. This trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,600 shares of company stock worth $1,517,798. Company insiders own 23.70% of the company's stock.

Institutional Investors Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Hyatt Hotels during the fourth quarter worth $77,136,000. Invesco Ltd. grew its position in shares of Hyatt Hotels by 241.4% in the fourth quarter. Invesco Ltd. now owns 679,557 shares of the company's stock valued at $106,677,000 after purchasing an additional 480,523 shares during the last quarter. Norges Bank bought a new position in Hyatt Hotels during the 4th quarter worth $61,572,000. Alyeska Investment Group L.P. acquired a new stake in Hyatt Hotels in the 4th quarter worth about $43,953,000. Finally, Deutsche Bank AG boosted its stake in shares of Hyatt Hotels by 209.8% in the fourth quarter. Deutsche Bank AG now owns 255,563 shares of the company's stock valued at $40,118,000 after buying an additional 173,075 shares during the period. Institutional investors and hedge funds own 73.54% of the company's stock.

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.