Hyatt Hotels (NYSE:H) Price Target Raised to $205.00 at JPMorgan Chase & Co.

Hyatt Hotels (NYSE:H) had its price objective lifted by JPMorgan Chase & Co. from $186.00 to $205.00 in a report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

H has been the topic of several other research reports. Stifel Nicolaus set a $182.00 target price on Hyatt Hotels in a report on Friday. Sanford C. Bernstein upped their price target on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Mizuho lifted their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research report on Friday. Susquehanna lowered their price target on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, Barclays boosted their target price on shares of Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels has an average rating of “Moderate Buy” and a consensus target price of $188.00.

Hyatt Hotels Stock Performance

Shares of NYSE H opened at $181.17 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The firm’s 50-day moving average price is $161.30 and its two-hundred day moving average price is $160.94. Hyatt Hotels has a 52-week low of $127.54 and a 52-week high of $188.50. The stock has a market capitalization of $17.06 billion, a P/E ratio of -517.62 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same quarter last year, the company posted $0.46 earnings per share. As a group, sell-side analysts forecast that Hyatt Hotels will post 3.46 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 29th. Hyatt Hotels’s dividend payout ratio is -171.43%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Kinsey Wolf sold 400 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $147.28, for a total value of $58,912.00. Following the transaction, the insider directly owned 545 shares in the company, valued at $80,267.60. This represents a 42.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 1,119 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total transaction of $195,780.24. The SEC filing for this sale provides additional information. Insiders sold 225,154 shares of company stock valued at $37,804,562 over the last three months. Insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently made changes to their positions in H. Veritas Asset Management LLP raised its holdings in shares of Hyatt Hotels by 827.9% during the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after acquiring an additional 1,695,616 shares during the period. Wellington Management Group LLP raised its stake in Hyatt Hotels by 48.0% in the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after purchasing an additional 1,516,554 shares in the last quarter. Principal Financial Group Inc. raised its stake in Hyatt Hotels by 21.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after purchasing an additional 843,121 shares in the last quarter. Bank of America Corp DE raised its stake in Hyatt Hotels by 84.5% in the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock worth $171,545,000 after purchasing an additional 562,611 shares in the last quarter. Finally, Par Capital Management Inc. raised its position in shares of Hyatt Hotels by 551.8% in the 2nd quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock valued at $51,847,000 after buying an additional 314,300 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.