Barclays Cuts Hilton Worldwide (NYSE:HLT) Price Target to $233.00

Hilton Worldwide (NYSE:HLT) had its price target trimmed by Barclays from $287.00 to $233.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other analysts have also recently commented on HLT. Mizuho reaffirmed a “neutral” rating and issued a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Raymond James upped their target price on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, February 10th. The Goldman Sachs Group restated a “neutral” rating and set a $235.00 price target (down from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Truist Financial dropped 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 note on Friday, March 21st. Finally, Susquehanna lifted their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $243.75.

Hilton Worldwide Stock Up 1.9 %

Shares of NYSE HLT opened at $219.42 on Tuesday. The business has a fifty day simple moving average of $231.84 and a 200-day simple moving average of $242.84. The company has a market cap of $52.58 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 2.86 and a beta of 1.19. Hilton Worldwide has a 12 month low of $194.93 and a 12 month high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. As a group, sell-side analysts expect that Hilton Worldwide will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Friday, February 21st. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, the insider now owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hilton Worldwide

Several hedge funds have recently modified their holdings of HLT. Wilmington Savings Fund Society FSB bought a new stake in Hilton Worldwide in the 3rd quarter valued at $765,000. Jones Financial Companies Lllp increased its stake in Hilton Worldwide by 194.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock valued at $651,000 after acquiring an additional 1,740 shares during the period. Amundi raised its holdings in Hilton Worldwide by 24.2% in the 4th quarter. Amundi now owns 953,938 shares of the company’s stock valued at $232,098,000 after acquiring an additional 185,765 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hilton Worldwide by 2.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock worth $55,774,000 after acquiring an additional 4,846 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Hilton Worldwide by 3.1% during the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock worth $1,012,069,000 after buying an additional 121,900 shares in the last quarter. 95.90% of the stock is 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.