Hilton Worldwide (NYSE:HLT) Price Target Cut to $208.00 by Analysts at Truist Financial

Hilton Worldwide (NYSE:HLT) had its price objective cut by Truist Financial from $209.00 to $208.00 in a research report released on Thursday, Benzinga reports. They currently have a hold rating on the stock.

Several other equities research analysts have also recently weighed in on HLT. Deutsche Bank Aktiengesellschaft upped their price target on Hilton Worldwide from $176.00 to $185.00 and gave the company a hold rating in a research report on Thursday, April 25th. Bank of America boosted their price objective on Hilton Worldwide from $225.00 to $230.00 and gave the stock a buy rating in a report on Monday, July 22nd. JPMorgan Chase & Co. boosted their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the stock a neutral rating in a report on Friday, July 19th. Mizuho cut their price objective on Hilton Worldwide from $245.00 to $242.00 and set a buy rating for the company in a report on Tuesday, April 23rd. Finally, Susquehanna assumed coverage on Hilton Worldwide in a report on Friday, June 21st. They set a neutral rating and a $215.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide has a consensus rating of Hold and a consensus price target of $209.53.

Hilton Worldwide Stock Up 0.6 %

Hilton Worldwide stock traded up $1.20 during midday trading on Thursday, reaching $206.24. The stock had a trading volume of 1,210,577 shares, compared to its average volume of 1,601,302. The firm’s 50-day moving average price is $213.05 and its 200 day moving average price is $205.94. Hilton Worldwide has a 12 month low of $146.00 and a 12 month high of $229.03. The firm has a market capitalization of $51.57 billion, a PE ratio of 44.83, a P/E/G ratio of 1.84 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.06. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. Equities research analysts expect that Hilton Worldwide will post 7.07 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.60 annualized dividend and a yield of 0.29%. Hilton Worldwide’s payout ratio is currently 13.04%.

Insider Buying and Selling at Hilton Worldwide

In related news, Director Melanie Healey acquired 2,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the transaction, the director now owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate 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 made changes to their positions in the business. Independence Bank of Kentucky raised its holdings in shares of Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 50 shares in the last quarter. Eaton Financial Holdings Company LLC raised its holdings in shares of Hilton Worldwide by 0.9% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 5,932 shares of the company’s stock valued at $1,080,000 after acquiring an additional 52 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Hilton Worldwide by 1.5% during the first quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock valued at $771,000 after acquiring an additional 54 shares in the last quarter. AA Financial Advisors LLC raised its holdings in Hilton Worldwide by 4.0% in the second quarter. AA Financial Advisors LLC now owns 1,434 shares of the company’s stock worth $313,000 after purchasing an additional 55 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after purchasing an additional 56 shares in 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.