Hilton Worldwide’s (HLT) Neutral Rating Reaffirmed at Mizuho

Mizuho reissued their neutral rating on shares of Hilton Worldwide (NYSE:HLT) in a research note published on Wednesday morning, Marketbeat.com reports. They currently have a $263.00 target price on the stock, up from their previous target price of $243.00.

Other analysts also recently issued reports about the company. Melius downgraded Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. TD Cowen decreased their target price on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Truist Financial upped their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Robert W. Baird lifted their price objective on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped their target price on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and a consensus target price of $239.88.

Hilton Worldwide Trading Down 0.5 %

Shares of HLT stock opened at $257.51 on Wednesday. The stock has a market cap of $62.78 billion, a P/E ratio of 55.26, a price-to-earnings-growth ratio of 2.67 and a beta of 1.29. Hilton Worldwide has a 1 year low of $186.83 and a 1 year high of $260.79. The stock has a 50 day simple moving average of $249.78 and a 200 day simple moving average of $235.11.

Hilton Worldwide declared that its board has initiated a stock buyback plan on Thursday, November 14th that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the transaction, the insider now directly owns 22,833 shares in the company, valued at approximately $5,746,152.78. This represents a 50.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.50% of the stock is owned by company insiders.

Institutional Trading of Hilton Worldwide

Several institutional investors have recently modified their holdings of HLT. Palumbo Wealth Management LLC lifted its holdings in Hilton Worldwide by 2.0% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock worth $528,000 after buying an additional 41 shares during the period. Signature Estate & Investment Advisors LLC raised its position in shares of Hilton Worldwide by 2.1% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company’s stock worth $468,000 after acquiring an additional 42 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Hilton Worldwide by 1.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock worth $799,000 after acquiring an additional 43 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Hilton Worldwide by 0.5% in the third quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock valued at $1,946,000 after acquiring an additional 44 shares during the last quarter. Finally, Graypoint LLC raised its holdings in Hilton Worldwide by 2.6% during the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company’s stock worth $431,000 after purchasing an additional 47 shares during the last quarter. 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.