Several other equities research analysts have also recently weighed in on H. Zacks Investment Research raised shares of Hyatt Hotels from a hold rating to a strong-buy rating and set a $88.00 price target for the company in a research report on Wednesday, January 10th. SunTrust Banks reissued a hold rating and set a $61.00 price target on shares of Hyatt Hotels in a research report on Tuesday, October 17th. Stifel Nicolaus raised their target price on shares of Hyatt Hotels from $61.00 to $67.00 and gave the stock a hold rating in a research report on Monday, November 6th. Robert W. Baird set a $70.00 target price on shares of Hyatt Hotels and gave the stock a buy rating in a research report on Sunday, October 29th. Finally, Raymond James Financial raised shares of Hyatt Hotels from a market perform rating to an outperform rating and set a $82.00 target price for the company in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $74.69.
Shares of Hyatt Hotels (H) opened at $80.54 on Wednesday. The firm has a market cap of $9,349.90, a price-to-earnings ratio of 48.52, a price-to-earnings-growth ratio of 12.16 and a beta of 1.31. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39. Hyatt Hotels has a 12-month low of $50.21 and a 12-month high of $82.50.
Hyatt Hotels declared that its Board of Directors has initiated a share repurchase plan on Thursday, December 14th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 22nd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.74%.
In related news, insider Peter Fulton sold 14,104 shares of Hyatt Hotels stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $70.00, for a total transaction of $987,280.00. Following the completion of the transaction, the insider now directly owns 38,436 shares of the company’s stock, valued at approximately $2,690,520. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark Samuel Hoplamazian sold 49,173 shares of Hyatt Hotels stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the transaction, the insider now directly owns 300,655 shares of the company’s stock, valued at $21,508,858.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 663,536 shares of company stock valued at $46,523,850. 27.51% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its position in Hyatt Hotels by 1.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,962 shares of the company’s stock valued at $447,000 after acquiring an additional 84 shares during the period. The Manufacturers Life Insurance Company lifted its position in Hyatt Hotels by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after acquiring an additional 272 shares during the period. Royal Bank of Canada lifted its position in Hyatt Hotels by 11.9% during the 2nd quarter. Royal Bank of Canada now owns 6,974 shares of the company’s stock valued at $392,000 after acquiring an additional 741 shares during the period. Brandywine Global Investment Management LLC lifted its position in Hyatt Hotels by 2.6% during the 4th quarter. Brandywine Global Investment Management LLC now owns 35,160 shares of the company’s stock valued at $2,586,000 after acquiring an additional 883 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Hyatt Hotels by 19.1% during the 3rd quarter. Principal Financial Group Inc. now owns 6,918 shares of the company’s stock valued at $427,000 after acquiring an additional 1,107 shares during the period. 37.47% of the stock is owned by institutional investors.
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About Hyatt Hotels
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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