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

Hilton Worldwide (NYSE:HLT) had its target price reduced by Barclays from $244.00 to $243.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft dropped their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird increased their price objective on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research report on Thursday. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research report on Monday. The Goldman Sachs Group assumed coverage on Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 target price for the company. Finally, Macquarie raised their price target on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $223.21.

Hilton Worldwide Stock Performance

NYSE:HLT traded up $1.49 during mid-day trading on Thursday, hitting $236.70. The company had a trading volume of 105,995 shares, compared to its average volume of 1,557,761. The business’s fifty day moving average is $224.51 and its two-hundred day moving average is $213.94. Hilton Worldwide has a fifty-two week low of $148.25 and a fifty-two week high of $240.00. The firm has a market cap of $59.19 billion, a P/E ratio of 51.12, a P/E/G ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the firm posted $1.67 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that Hilton Worldwide will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

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 issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s 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 owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

Large investors have recently modified their holdings of the business. GHP Investment Advisors Inc. acquired a new position in Hilton Worldwide during the 3rd quarter worth about $25,000. Independence Bank of Kentucky increased its position in Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares during the period. EdgeRock Capital LLC bought a new position in Hilton Worldwide during the 2nd quarter worth approximately $33,000. Pinnacle Bancorp Inc. bought a new stake in shares of Hilton Worldwide in the 1st quarter valued at $34,000. Finally, Manchester Capital Management LLC increased its position in shares of Hilton Worldwide by 247.8% during the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after buying an additional 114 shares during the period. 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.