Hyatt Hotels Co. (NYSE:H – Get Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $104.57, but opened at $107.16. Hyatt Hotels shares last traded at $106.84, with a volume of 4,711 shares traded.
Analysts Set New Price Targets
Several research firms recently issued reports on H. Citigroup reaffirmed a “neutral” rating and issued a $122.00 price objective on shares of Hyatt Hotels in a research report on Friday, June 30th. 22nd Century Group reaffirmed a “reiterates” rating on shares of Hyatt Hotels in a research report on Friday, June 30th. Truist Financial lowered their price objective on Hyatt Hotels from $149.00 to $146.00 and set a “buy” rating on the stock in a research report on Friday. Barclays lowered their price objective on Hyatt Hotels from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Friday, August 4th. Finally, Morgan Stanley lowered their price target on Hyatt Hotels from $136.00 to $132.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Moderate Buy” and a consensus price target of $126.89.
Check Out Our Latest Stock Report on Hyatt Hotels
Hyatt Hotels Trading Up 0.1 %
Hyatt Hotels (NYSE:H – Get Free Report) last announced its earnings results on Thursday, August 3rd. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). Hyatt Hotels had a return on equity of 13.30% and a net margin of 6.88%. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $0.46 earnings per share. As a group, equities research analysts anticipate that Hyatt Hotels Co. will post 2.52 EPS for the current fiscal year.
Hyatt Hotels Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were paid a $0.15 dividend. The ex-dividend date was Thursday, August 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.56%. Hyatt Hotels’s payout ratio is presently 14.63%.
Insiders Place Their Bets
In other news, Director Michael A. Rocca sold 1,508 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $113.87, for a total transaction of $171,715.96. Following the completion of the transaction, the director now owns 18,285 shares in the company, valued at $2,082,112.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 21.24% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Hyatt Hotels by 59.4% during the first quarter. Bank of New York Mellon Corp now owns 256,384 shares of the company’s stock valued at $24,472,000 after buying an additional 95,574 shares during the period. American Century Companies Inc. boosted its position in shares of Hyatt Hotels by 31.4% during the first quarter. American Century Companies Inc. now owns 3,991 shares of the company’s stock valued at $381,000 after buying an additional 953 shares during the period. Citigroup Inc. boosted its position in shares of Hyatt Hotels by 13.2% during the first quarter. Citigroup Inc. now owns 18,865 shares of the company’s stock valued at $1,801,000 after buying an additional 2,194 shares during the period. Natixis Advisors L.P. purchased a new position in shares of Hyatt Hotels during the first quarter valued at approximately $1,214,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Hyatt Hotels during the first quarter valued at approximately $94,000. Hedge funds and other institutional investors own 46.03% 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/SW Asia 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, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.
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