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

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

HLT has been the subject of a number of other research reports. Robert W. Baird lifted their price target on Hilton Worldwide from $210.00 to $212.00 and gave the stock an outperform rating in a research report on Thursday, March 21st. Jefferies Financial Group lifted their price objective on Hilton Worldwide from $157.00 to $182.00 and gave the company a hold rating in a research note on Tuesday, January 2nd. HSBC lifted their price objective on Hilton Worldwide from $219.00 to $254.00 and gave the company a buy rating in a research note on Wednesday, April 3rd. Truist Financial reiterated a hold rating and set a $199.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Finally, BMO Capital Markets lifted their price objective on Hilton Worldwide from $203.00 to $215.00 and gave the company a market perform rating in a research note on Wednesday, March 20th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of Moderate Buy and an average target price of $205.06.

Hilton Worldwide Stock Performance

Shares of HLT opened at $202.12 on Tuesday. The stock has a 50-day moving average of $205.79 and a two-hundred day moving average of $184.82. Hilton Worldwide has a one year low of $134.43 and a one year high of $215.79. The stock has a market cap of $50.80 billion, a P/E ratio of 43.94, a P/E/G ratio of 1.83 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 92.07% and a net margin of 11.41%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. Analysts predict that Hilton Worldwide will post 6.99 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.30%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the sale, the insider now directly owns 2,536,478 shares in the company, valued at approximately $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.

Institutional Investors Weigh In On Hilton Worldwide

Several large investors have recently bought and sold shares of HLT. Independence Bank of Kentucky boosted its holdings in shares of Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $25,000. Activest Wealth Management acquired a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $28,000. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of Hilton Worldwide during the 1st quarter worth approximately $34,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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.