Hilton Hotels (NYSE:HLT) had its price objective decreased by Bank of America from $84.00 to $80.00 in a research note released on Thursday, Marketbeat Ratings reports. Bank of America currently has a buy rating on the stock.

HLT has been the topic of several other reports. ValuEngine upgraded Hilton Hotels from a hold rating to a buy rating in a research report on Friday, September 14th. Wells Fargo & Co upgraded Hilton Hotels from a market perform rating to an outperform rating and reduced their price target for the stock from $87.00 to $74.00 in a research report on Thursday. Berenberg Bank upgraded Hilton Hotels from a hold rating to a buy rating in a research report on Thursday, July 19th. Zacks Investment Research lowered Hilton Hotels from a hold rating to a sell rating in a research report on Monday, October 1st. Finally, Sanford C. Bernstein lowered Hilton Hotels from an outperform rating to a market perform rating in a research report on Thursday, August 16th. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $85.49.

HLT traded up $0.72 on Thursday, hitting $68.27. 5,634,588 shares of the company were exchanged, compared to its average volume of 5,479,285. The company has a debt-to-equity ratio of 13.03, a current ratio of 0.84 and a quick ratio of 0.78. Hilton Hotels has a 12 month low of $63.76 and a 12 month high of $88.11. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.53 and a beta of 1.26.

Hilton Hotels (NYSE:HLT) last posted its quarterly earnings results on Wednesday, October 24th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company earned $0.56 EPS. Hilton Hotels’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hilton Hotels will post 2.7 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 9th will be given a $0.15 dividend. The ex-dividend date is Thursday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. Hilton Hotels’s dividend payout ratio is currently 30.00%.

Hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new stake in shares of Hilton Hotels in the 2nd quarter worth approximately $142,000. First Hawaiian Bank purchased a new position in shares of Hilton Hotels in the 3rd quarter valued at approximately $152,000. Cerebellum GP LLC purchased a new position in shares of Hilton Hotels in the 3rd quarter valued at approximately $187,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Hilton Hotels by 117.9% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,602 shares of the company’s stock valued at $210,000 after purchasing an additional 1,408 shares during the period. Finally, Dupont Capital Management Corp purchased a new position in shares of Hilton Hotels in the 2nd quarter valued at approximately $217,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.

About Hilton Hotels

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.

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Analyst Recommendations for Hilton Hotels (NYSE:HLT)

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