Mizuho Trims Hilton Worldwide (NYSE:HLT) Target Price to $242.00

Hilton Worldwide (NYSE:HLT) had its price objective decreased by Mizuho from $245.00 to $242.00 in a research report report published on Tuesday, Benzinga reports. Mizuho currently has a buy rating on the stock.

HLT has been the subject of several other reports. Robert W. Baird lifted their price objective on Hilton Worldwide from $210.00 to $212.00 and gave the stock an outperform rating in a research report on Thursday, March 21st. HSBC raised their target price on Hilton Worldwide from $219.00 to $254.00 and gave the company a buy rating in a research note on Wednesday, April 3rd. TD Cowen raised their target price on Hilton Worldwide from $215.00 to $230.00 and gave the company an outperform rating in a research note on Wednesday, March 20th. Evercore ISI raised their target price on Hilton Worldwide from $200.00 to $210.00 and gave the company an in-line rating in a research note on Wednesday, March 20th. Finally, Macquarie raised their target price on Hilton Worldwide from $190.00 to $192.00 and gave the company a neutral rating in a research note on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Hilton Worldwide has a consensus rating of Moderate Buy and a consensus target price of $205.06.

Hilton Worldwide Stock Down 0.4 %

Shares of NYSE:HLT opened at $203.93 on Tuesday. The firm has a market cap of $51.26 billion, a P/E ratio of 44.33, a P/E/G ratio of 1.83 and a beta of 1.25. Hilton Worldwide has a 12-month low of $134.43 and a 12-month high of $215.79. The business has a fifty day simple moving average of $205.70 and a 200 day simple moving average of $184.45.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 92.07% and a net margin of 11.41%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the company posted $1.24 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts expect that Hilton Worldwide will post 6.99 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be paid a $0.15 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.29%. Hilton Worldwide’s payout ratio is presently 13.04%.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the transaction, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC raised its holdings in shares of Hilton Worldwide by 11.7% in the 3rd quarter. CWM LLC now owns 3,995 shares of the company’s stock worth $600,000 after purchasing an additional 419 shares during the period. SG Americas Securities LLC raised its holdings in shares of Hilton Worldwide by 0.6% in the 3rd quarter. SG Americas Securities LLC now owns 17,146 shares of the company’s stock worth $2,575,000 after purchasing an additional 109 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of Hilton Worldwide in the 3rd quarter worth approximately $31,000. Czech National Bank raised its holdings in shares of Hilton Worldwide by 45.9% in the 3rd quarter. Czech National Bank now owns 45,708 shares of the company’s stock worth $6,864,000 after purchasing an additional 14,381 shares during the period. Finally, Birch Hill Investment Advisors LLC raised its holdings in shares of Hilton Worldwide by 11.2% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 6,653 shares of the company’s stock worth $999,000 after purchasing an additional 668 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.