Hilton Worldwide (NYSE:HLT) Given New $256.00 Price Target at TD Cowen

Hilton Worldwide (NYSE:HLT) had its price objective trimmed by TD Cowen from $265.00 to $256.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Mizuho increased their price target on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Bank of America raised their target price on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group began coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $228.71.

Hilton Worldwide Stock Up 0.4 %

NYSE HLT opened at $236.11 on Thursday. The company has a market cap of $58.18 billion, a PE ratio of 50.02, a price-to-earnings-growth ratio of 2.64 and a beta of 1.31. Hilton Worldwide has a 52 week low of $148.25 and a 52 week high of $240.00. The firm’s 50-day simple moving average is $225.48 and its two-hundred day simple moving average is $214.32.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) 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 firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the firm posted $1.67 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts anticipate that Hilton Worldwide will post 7.03 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s payout ratio is currently 12.71%.

Insider Transactions at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the transaction, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. This trade 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 is accessible through this hyperlink. In other news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This trade 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 is accessible through this hyperlink. Also, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 15,949 shares in the company, valued at $3,460,933. This 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. purchased a new stake in Hilton Worldwide in the third quarter worth $25,000. Independence Bank of Kentucky lifted its stake in Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after acquiring an additional 50 shares during the period. EdgeRock Capital LLC purchased a new stake in Hilton Worldwide in the second quarter worth $33,000. Pinnacle Bancorp Inc. purchased a new stake in Hilton Worldwide in the first quarter worth $34,000. Finally, Manchester Capital Management LLC lifted its stake in Hilton Worldwide by 247.8% in the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after acquiring an additional 114 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.