Hyatt Hotels (NYSE:H) Downgraded by HSBC to "Hold"

HSBC downgraded shares of Hyatt Hotels (NYSE:H - Free Report) from a buy rating to a hold rating in a research note released on Friday morning, Marketbeat reports. HSBC currently has $156.00 price objective on the stock.

Several other brokerages have also issued reports on H. Evercore ISI boosted their target price on shares of Hyatt Hotels from $145.00 to $155.00 and gave the company an "in-line" rating in a research report on Monday, October 21st. Truist Financial boosted their target price on shares of Hyatt Hotels from $164.00 to $169.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Robert W. Baird set a $157.00 target price on shares of Hyatt Hotels in a research report on Thursday, October 17th. The Goldman Sachs Group initiated coverage on shares of Hyatt Hotels in a research report on Wednesday, September 18th. They issued a "neutral" rating and a $151.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $151.62.

Hyatt Hotels Trading Down 0.3 %

Hyatt Hotels stock traded down $0.41 during trading hours on Friday, reaching $145.04. The stock had a trading volume of 645,283 shares, compared to its average volume of 587,228. The stock has a market cap of $14.55 billion, a PE ratio of 15.65 and a beta of 1.50. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $162.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. The company has a fifty day simple moving average of $151.00 and a 200-day simple moving average of $149.00.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. Analysts forecast that Hyatt Hotels will post 3.87 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels's dividend payout ratio (DPR) is 6.47%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the firm's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the transaction, 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 is available at this hyperlink. Insiders own 23.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. grew its position in Hyatt Hotels by 6.5% during the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company's stock worth $401,827,000 after purchasing an additional 162,562 shares during the last quarter. Fiera Capital Corp grew its position in Hyatt Hotels by 1.2% during the 2nd quarter. Fiera Capital Corp now owns 574,045 shares of the company's stock worth $87,209,000 after purchasing an additional 6,896 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Hyatt Hotels by 10.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company's stock worth $73,822,000 after purchasing an additional 46,574 shares during the last quarter. Bank of New York Mellon Corp grew its position in Hyatt Hotels by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company's stock worth $71,371,000 after purchasing an additional 20,997 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in Hyatt Hotels by 9.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 354,900 shares of the company's stock worth $54,016,000 after purchasing an additional 29,300 shares during the last quarter. Hedge funds and other institutional investors own 71.02% 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 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.