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

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

HLT has been the topic of a number of other reports. Barclays raised their price objective on Hilton Worldwide from $204.00 to $216.00 and gave the company an overweight rating in a report on Friday, April 19th. Evercore ISI lifted their price target on Hilton Worldwide from $200.00 to $210.00 and gave the stock an in-line rating in a research note on Wednesday, March 20th. 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 note on Thursday, March 21st. TD Cowen lifted their price target on Hilton Worldwide from $215.00 to $230.00 and gave the stock an outperform rating in a research note on Wednesday, March 20th. Finally, Bank of America lifted their price target on Hilton Worldwide from $215.00 to $225.00 and gave the stock a buy rating in a research note on Friday, March 15th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Hilton Worldwide has an average rating of Moderate Buy and an average price target of $205.06.

Hilton Worldwide Trading Down 0.9 %

Shares of HLT opened at $202.12 on Tuesday. The company has a market cap of $50.80 billion, a PE ratio of 43.94, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25. Hilton Worldwide has a 12-month low of $134.43 and a 12-month high of $215.79. The stock has a 50-day moving average price of $205.79 and a 200-day moving average price of $184.82.

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

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders 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 dividend yield of 0.30%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide 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 sale, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hilton Worldwide

Hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in Hilton Worldwide in the fourth quarter worth $475,073,000. Deutsche Bank AG boosted its holdings in Hilton Worldwide by 181.1% in the third quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock worth $391,640,000 after acquiring an additional 1,680,156 shares in the last quarter. Gray Foundation bought a new stake in Hilton Worldwide in the fourth quarter worth $133,229,000. Artemis Investment Management LLP bought a new stake in Hilton Worldwide in the fourth quarter worth $64,221,000. Finally, Kodai Capital Management LP bought a new stake in Hilton Worldwide in the fourth quarter worth $55,350,000. 95.90% of the stock is currently owned by institutional investors.

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.