Hyatt Hotels (NYSE:H) Reaches New 12-Month High at $153.44

Shares of Hyatt Hotels Co. (NYSE:HGet Free Report) hit a new 52-week high on Thursday . The company traded as high as $153.44 and last traded at $152.79, with a volume of 65503 shares changing hands. The stock had previously closed at $152.24.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on H. StockNews.com raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Monday. Wells Fargo & Company upped their price objective on shares of Hyatt Hotels from $138.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday. Barclays upped their price objective on shares of Hyatt Hotels from $119.00 to $128.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Robert W. Baird upped their price objective on shares of Hyatt Hotels from $116.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, February 13th. Finally, Evercore ISI reissued an “in-line” rating and issued a $135.00 price target on shares of Hyatt Hotels in a report on Monday, February 5th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.71.

Read Our Latest Report on Hyatt Hotels

Hyatt Hotels Trading Down 0.1 %

The company has a fifty day simple moving average of $131.87 and a 200-day simple moving average of $118.32. The company has a current ratio of 0.60, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. The stock has a market cap of $15.69 billion, a price-to-earnings ratio of 74.62, a P/E/G ratio of 22.09 and a beta of 1.46.

Hyatt Hotels (NYSE:HGet Free Report) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.26. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.56 billion. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. During the same quarter in the previous year, the company earned $2.55 EPS. On average, research analysts forecast that Hyatt Hotels Co. will post 3.18 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 28th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio is 29.41%.

Insider Activity

In related news, insider Malaika Myers sold 3,351 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $120.35, for a total value of $403,292.85. Following the transaction, the insider now owns 15,956 shares in the company, valued at $1,920,304.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Malaika Myers sold 3,351 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $120.35, for a total value of $403,292.85. Following the transaction, the insider now owns 15,956 shares in the company, valued at $1,920,304.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jnp Parachute Mirror Trust L sold 66,701 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $126.21, for a total value of $8,418,333.21. The disclosure for this sale can be found here. Insiders have sold 78,552 shares of company stock worth $9,918,594 in the last 90 days. Company insiders own 21.24% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds have recently added to or reduced their stakes in H. American International Group Inc. boosted its position in Hyatt Hotels by 15,334.4% during the fourth quarter. American International Group Inc. now owns 59,731 shares of the company’s stock worth $7,790,000 after purchasing an additional 59,344 shares during the period. Virtu Financial LLC bought a new stake in Hyatt Hotels during the fourth quarter worth approximately $623,000. Teachers Retirement System of The State of Kentucky bought a new stake in Hyatt Hotels during the fourth quarter worth approximately $1,806,000. Quarry LP bought a new stake in Hyatt Hotels during the fourth quarter worth approximately $27,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Hyatt Hotels by 1.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 60,890 shares of the company’s stock worth $7,942,000 after purchasing an additional 829 shares during the period. Institutional investors and hedge funds own 46.03% of the company’s stock.

Hyatt Hotels Company Profile

(Get Free Report)

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.

Further Reading

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