The Goldman Sachs Group Boosts Hyatt Hotels (NYSE:H) Price Target to $167.00

Hyatt Hotels (NYSE:H - Free Report) had its price objective increased by The Goldman Sachs Group from $151.00 to $167.00 in a research report report published on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other research analysts also recently weighed in on the company. Truist Financial dropped their price target on Hyatt Hotels from $169.00 to $158.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Macquarie dropped their price objective on shares of Hyatt Hotels from $165.00 to $164.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Hsbc Global Res raised Hyatt Hotels to a "hold" rating in a report on Friday, November 1st. Mizuho dropped their price target on Hyatt Hotels from $200.00 to $198.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Finally, Barclays reduced their price objective on Hyatt Hotels from $151.00 to $144.00 and set an "equal weight" rating on the stock in a research note on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $152.64.

Hyatt Hotels Stock Performance

H traded up $0.75 during midday trading on Tuesday, hitting $159.28. 466,957 shares of the company traded hands, compared to its average volume of 587,294. The company's 50-day moving average is $154.28 and its 200 day moving average is $150.04. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $15.30 billion, a PE ratio of 11.95 and a beta of 1.50. Hyatt Hotels has a 52 week low of $123.00 and a 52 week high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. On average, research analysts expect that Hyatt Hotels will post 3.89 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. Hyatt Hotels's dividend payout ratio is presently 4.52%.

Insider Buying and Selling

In related news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the transaction, the insider now directly owns 5,798 shares of the company's stock, valued at $927,622.02. This trade represents a 39.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 23.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Hyatt Hotels by 333.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company's stock valued at $39,440,000 after purchasing an additional 199,773 shares during the period. Interval Partners LP lifted its position in shares of Hyatt Hotels by 314.1% during the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company's stock valued at $36,510,000 after acquiring an additional 182,297 shares during the period. Principal Financial Group Inc. boosted its stake in shares of 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 acquiring an additional 162,562 shares in the last quarter. Icon Wealth Advisors LLC grew its holdings in shares of Hyatt Hotels by 17,641.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company's stock worth $20,009,000 after acquiring an additional 130,724 shares during the period. Finally, Millennium Management LLC increased its stake in Hyatt Hotels by 700.5% in the 2nd quarter. Millennium Management LLC now owns 122,746 shares of the company's stock valued at $18,648,000 after purchasing an additional 107,412 shares in the last quarter. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

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.