Hilton Worldwide (NYSE:HLT) Lowered to “Hold” at Melius

by · The Cerbat Gem

Melius cut shares of Hilton Worldwide (NYSE:HLT – Free Report) from a buy rating to a hold rating in a research note released on Monday, Marketbeat.com reports.

A number of other analysts also recently issued reports on HLT. Barclays raised their target price on Hilton Worldwide from $224.00 to $244.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Truist Financial reduced their price target on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Bank of America lifted their price target on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, Robert W. Baird set a $235.00 price target on Hilton Worldwide in a research report on Thursday, October 17th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and a consensus target price of $223.21.

Check Out Our Latest Research Report on Hilton Worldwide

Hilton Worldwide Price Performance

NYSE:HLT opened at $235.17 on Monday. The business has a fifty day simple moving average of $224.51 and a two-hundred day simple moving average of $213.94. Hilton Worldwide has a 1 year low of $147.58 and a 1 year high of $240.00. The company has a market capitalization of $58.80 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 – Get Free Report) last released its 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 negative return on equity of 69.65% and a net margin of 11.20%. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the business posted $1.67 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts anticipate that Hilton Worldwide will post 7.05 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction dated 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 sale, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Hilton Worldwide by 2.1% in the 2nd quarter. Principal Financial Group Inc. now owns 9,326,879 shares of the company’s stock valued at $2,035,125,000 after acquiring an additional 190,429 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Hilton Worldwide by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after acquiring an additional 761,104 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after acquiring an additional 1,282,676 shares during the last quarter. Capital World Investors lifted its stake in shares of Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after acquiring an additional 1,246,662 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Hilton Worldwide by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock valued at $614,841,000 after acquiring an additional 200,329 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

About Hilton Worldwide

(Get Free Report)

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.

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