Wells Fargo & Company Cuts Hyatt Hotels (NYSE:H) Price Target to $172.00

Hyatt Hotels (NYSE:H) had its price objective cut by Wells Fargo & Company from $178.00 to $172.00 in a report issued on Friday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms also recently weighed in on H. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research note on Friday. Macquarie decreased their target price on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday. Sanford C. Bernstein cut their price objective on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Morgan Stanley lowered their target price on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Finally, Cfra set a $155.00 price target on Hyatt Hotels in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $151.62.

Hyatt Hotels Price Performance

H stock opened at $145.04 on Friday. The company’s 50-day moving average price is $150.93 and its two-hundred day moving average price is $148.92. The firm has a market cap of $14.55 billion, a P/E ratio of 10.93 and a beta of 1.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. Hyatt Hotels has a 12 month low of $96.77 and a 12 month high of $162.24.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.75% and a net margin of 20.55%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company earned $0.70 earnings per share. On average, analysts anticipate that Hyatt Hotels will post 3.87 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s payout ratio is 4.52%.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the sale, the insider now owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Michigan Retirement System grew its stake in shares of Hyatt Hotels by 2.8% in the 1st quarter. State of Michigan Retirement System now owns 10,900 shares of the company’s stock worth $1,740,000 after acquiring an additional 300 shares in the last quarter. Retirement Systems of Alabama grew its position in Hyatt Hotels by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 55,530 shares of the company’s stock worth $8,864,000 after purchasing an additional 146 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Hyatt Hotels by 165.7% in the 1st quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock valued at $8,601,000 after buying an additional 33,603 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Hyatt Hotels in the 1st quarter worth approximately $85,000. Finally, Whittier Trust Co. grew its holdings in shares of Hyatt Hotels by 4.0% in the first quarter. Whittier Trust Co. now owns 51,804 shares of the company’s stock valued at $8,269,000 after acquiring an additional 1,992 shares in the last quarter. Institutional investors and hedge funds own 71.02% 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.