Hilton Worldwide (NYSE:HLT) Receives “Neutral” Rating from The Goldman Sachs Group

The Goldman Sachs Group reiterated their neutral rating on shares of Hilton Worldwide (NYSE:HLT) in a research report sent to investors on Monday, MarketBeat Ratings reports. They currently have a $235.00 target price on the stock, down from their previous target price of $296.00.

Several other brokerages also recently weighed in on HLT. Truist Financial cut their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Raymond James boosted their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Macquarie raised their target price on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Mizuho reiterated a “neutral” rating and set a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Finally, Morgan Stanley raised their price target on Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $248.88.

Hilton Worldwide Stock Performance

NYSE HLT opened at $210.05 on Monday. Hilton Worldwide has a one year low of $193.86 and a one year high of $275.22. The company has a 50-day simple moving average of $241.01 and a 200-day simple moving average of $244.11. The firm has a market capitalization of $50.33 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Equities analysts forecast that Hilton Worldwide will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide’s payout ratio is 9.76%.

Insider Activity

In related news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Institutional Trading of Hilton Worldwide

A number of hedge funds have recently modified their holdings of HLT. Wilmington Savings Fund Society FSB acquired a new position in Hilton Worldwide in the 3rd quarter valued at approximately $765,000. Jones Financial Companies Lllp increased its stake in shares of Hilton Worldwide by 194.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock worth $651,000 after acquiring an additional 1,740 shares during the last quarter. Amundi raised its holdings in shares of Hilton Worldwide by 24.2% during the fourth quarter. Amundi now owns 953,938 shares of the company’s stock worth $232,098,000 after acquiring an additional 185,765 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hilton Worldwide by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock valued at $55,774,000 after purchasing an additional 4,846 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Hilton Worldwide by 3.1% in the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock valued at $1,012,069,000 after purchasing an additional 121,900 shares in the last quarter. Hedge funds and other institutional investors 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.