Hilton Worldwide (NYSE:HLT) PT Lowered to $256.00

Hilton Worldwide (NYSE:HLT) had its price target lowered by TD Cowen from $265.00 to $256.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Bank of America lifted their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Melius Research reissued a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Barclays dropped their target price on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Robert W. Baird raised their price target on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and an average price target of $225.44.

Hilton Worldwide Stock Performance

HLT stock opened at $236.11 on Thursday. The company has a market capitalization of $58.18 billion, a price-to-earnings ratio of 50.02, a price-to-earnings-growth ratio of 2.64 and a beta of 1.31. The business’s 50 day moving average price is $225.48 and its two-hundred day moving average price is $214.29. Hilton Worldwide has a fifty-two week low of $148.25 and a fifty-two week high of $240.00.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.67 earnings per share. Sell-side analysts forecast that Hilton Worldwide will post 7.03 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is currently 12.71%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the transaction, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Institutional Trading of Hilton Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in Hilton Worldwide in the 1st quarter worth about $2,792,000. AIA Group Ltd raised its stake in shares of Hilton Worldwide by 43.4% during the first quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after acquiring an additional 4,265 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Hilton Worldwide by 3.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock valued at $29,375,000 after purchasing an additional 4,677 shares during the period. PGGM Investments grew its stake in Hilton Worldwide by 337.6% in the second quarter. PGGM Investments now owns 14,378 shares of the company’s stock worth $3,137,000 after purchasing an additional 11,092 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Hilton Worldwide by 25.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock worth $13,219,000 after purchasing an additional 12,740 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.