Mizuho Boosts Hilton Worldwide (NYSE:HLT) Price Target to $243.00

Hilton Worldwide (NYSE:HLT) had its price target hoisted by Mizuho from $237.00 to $243.00 in a report published on Thursday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts have also weighed in on HLT. Wells Fargo & Company increased their price target on Hilton Worldwide from $200.00 to $237.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Truist Financial reduced their target price on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Finally, Macquarie boosted their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $225.44.

Hilton Worldwide Stock Up 0.4 %

HLT opened at $236.11 on Thursday. The business’s fifty day simple moving average is $225.48 and its 200 day simple moving average is $214.29. Hilton Worldwide has a 52 week low of $148.25 and a 52 week high of $240.00. The firm has a market cap of $58.18 billion, a P/E ratio of 50.02, a PEG ratio of 2.64 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 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 net margin of 11.20% and a negative return on equity of 69.65%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 earnings per share. As a group, equities analysts expect that Hilton Worldwide will post 7.03 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

Insider Transactions at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Michael W. Duffy sold 14,357 shares of the company’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 completion of the transaction, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares in the company, valued at $3,460,933. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Institutional Trading of Hilton Worldwide

Several large investors have recently modified their holdings of HLT. Pinnacle Associates Ltd. boosted its holdings in Hilton Worldwide by 16.2% in the third quarter. Pinnacle Associates Ltd. now owns 33,601 shares of the company’s stock valued at $7,745,000 after purchasing an additional 4,692 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Hilton Worldwide by 28.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,041 shares of the company’s stock valued at $1,623,000 after buying an additional 1,561 shares during the last quarter. Fidelis Capital Partners LLC grew its position in shares of Hilton Worldwide by 1.3% during the third quarter. Fidelis Capital Partners LLC now owns 4,821 shares of the company’s stock worth $1,126,000 after buying an additional 61 shares in the last quarter. Integrated Advisors Network LLC increased its stake in shares of Hilton Worldwide by 9.0% in the third quarter. Integrated Advisors Network LLC now owns 3,734 shares of the company’s stock worth $861,000 after buying an additional 308 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. raised its holdings in Hilton Worldwide by 53.8% in the third quarter. China Universal Asset Management Co. Ltd. now owns 7,635 shares of the company’s stock valued at $1,760,000 after acquiring an additional 2,671 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

About Hilton Worldwide

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.