Deutsche Bank reaffirmed their hold rating on shares of Hyatt Hotels (NYSE:H) in a research note issued to investors on Thursday morning, AnalystRatings.com reports. Deutsche Bank currently has a $75.00 target price on the stock.
A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Hyatt Hotels from a buy rating to a hold rating and set a $85.00 price target for the company. in a research report on Wednesday, July 17th. Wells Fargo & Co reaffirmed a hold rating on shares of Hyatt Hotels in a report on Tuesday, July 23rd. Finally, ValuEngine raised shares of Hyatt Hotels from a hold rating to a buy rating in a report on Wednesday, April 10th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Hyatt Hotels currently has an average rating of Hold and an average price target of $79.37.
Shares of NYSE:H traded down $0.27 on Thursday, hitting $76.22. The company had a trading volume of 842,930 shares, compared to its average volume of 570,780. The stock’s 50-day moving average is $76.79. Hyatt Hotels has a 1 year low of $63.45 and a 1 year high of $81.57. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 0.56. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 9.45 and a beta of 1.05.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Tuesday, August 27th will be paid a $0.19 dividend. The ex-dividend date is Monday, August 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.00%. Hyatt Hotels’s dividend payout ratio is presently 38.38%.
In other news, insider David Udell sold 3,662 shares of Hyatt Hotels stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $78.00, for a total value of $285,636.00. Following the completion of the sale, the insider now directly owns 4,337 shares in the company, valued at $338,286. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider H. Charles Floyd sold 6,500 shares of Hyatt Hotels stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $78.00, for a total transaction of $507,000.00. Following the completion of the sale, the insider now owns 41,475 shares of the company’s stock, valued at $3,235,050. The disclosure for this sale can be found here. Insiders sold 17,096 shares of company stock valued at $1,325,250 over the last quarter. Company insiders own 24.70% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC grew its position in Hyatt Hotels by 41.1% during the first quarter. YorkBridge Wealth Partners LLC now owns 1,632 shares of the company’s stock valued at $118,000 after buying an additional 475 shares during the period. First Trust Advisors LP grew its position in Hyatt Hotels by 8.9% during the first quarter. First Trust Advisors LP now owns 92,777 shares of the company’s stock valued at $6,733,000 after buying an additional 7,606 shares during the period. Marshall Wace LLP grew its position in Hyatt Hotels by 3,634.7% during the first quarter. Marshall Wace LLP now owns 357,826 shares of the company’s stock valued at $25,967,000 after buying an additional 348,245 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in Hyatt Hotels during the first quarter valued at approximately $1,214,000. Finally, FMR LLC grew its position in Hyatt Hotels by 17.2% during the fourth quarter. FMR LLC now owns 734,605 shares of the company’s stock valued at $49,659,000 after buying an additional 107,909 shares during the period. Hedge funds and other institutional investors own 36.97% of the company’s stock.
About Hyatt Hotels
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
Read More: P/E Growth (PEG)
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