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

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

A number of other analysts have also recently weighed in on the stock. Truist Financial reaffirmed a hold rating and set a $199.00 target price on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Macquarie boosted their target price on shares of Hilton Worldwide from $190.00 to $192.00 and gave the stock a neutral rating in a research note on Friday, February 9th. BMO Capital Markets boosted their target price on shares of Hilton Worldwide from $203.00 to $215.00 and gave the stock a market perform rating in a research note on Wednesday, March 20th. HSBC boosted their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a buy rating in a research note on Wednesday, April 3rd. Finally, Robert W. Baird boosted their target price on shares of Hilton Worldwide from $210.00 to $212.00 and gave the stock an outperform rating in a research note on Thursday, March 21st. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $201.78.

Hilton Worldwide Price Performance

Shares of HLT opened at $197.19 on Tuesday. Hilton Worldwide has a one year low of $134.43 and a one year high of $215.79. The company has a market cap of $49.56 billion, a P/E ratio of 45.54, a P/E/G ratio of 1.72 and a beta of 1.25. The firm has a 50 day simple moving average of $205.31 and a two-hundred day simple moving average of $184.17.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.57 by $0.11. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 earnings per share. On average, analysts expect that Hilton Worldwide will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 23rd were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.60 annualized dividend and a yield of 0.30%. Hilton Worldwide’s payout ratio is 13.86%.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were 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 $496,338,015.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hilton Worldwide

Institutional investors have recently made changes to their positions in the stock. 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 purchasing an additional 50 shares during the period. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide during the fourth quarter valued at about $25,000. Activest Wealth Management acquired a new position in shares of Hilton Worldwide during the fourth quarter valued at about $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of Hilton Worldwide in the 4th quarter worth about $28,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Hilton Worldwide in the 1st quarter worth about $34,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

About Hilton Worldwide

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.