Hilton Worldwide (NYSE:HLT) Price Target Cut to $224.00 by Analysts at Barclays

Hilton Worldwide (NYSE:HLT) had its price target decreased by Barclays from $228.00 to $224.00 in a research report released on Thursday, Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other analysts also recently weighed in on HLT. Macquarie raised their target price on Hilton Worldwide from $205.00 to $208.00 and gave the company a neutral rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $200.00 to $216.00 and gave the company a neutral rating in a research note on Friday, July 19th. Truist Financial lowered their target price on Hilton Worldwide from $209.00 to $208.00 and set a hold rating for the company in a research note on Thursday. Susquehanna initiated coverage on Hilton Worldwide in a research note on Friday, June 21st. They set a neutral rating and a $215.00 target price for the company. Finally, Bank of America raised their target price on Hilton Worldwide from $225.00 to $230.00 and gave the company a buy rating in a research note on Monday, July 22nd. Eleven 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, Hilton Worldwide currently has an average rating of Hold and an average price target of $209.53.

Hilton Worldwide Trading Up 0.6 %

NYSE:HLT traded up $1.20 during mid-day trading on Thursday, hitting $206.24. The company had a trading volume of 1,210,577 shares, compared to its average volume of 1,601,302. The business has a fifty day simple moving average of $213.05 and a 200-day simple moving average of $205.94. Hilton Worldwide has a 1 year low of $146.00 and a 1 year high of $229.03. The firm has a market capitalization of $51.57 billion, a price-to-earnings ratio of 44.83, a PEG ratio of 1.84 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.85 by $0.06. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company posted $1.63 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. As a group, research analysts anticipate that Hilton Worldwide will post 7.07 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be paid a $0.15 dividend. The ex-dividend date is Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.29%. Hilton Worldwide’s payout ratio is currently 13.04%.

Insider Buying and Selling at Hilton Worldwide

In related news, Director Melanie Healey bought 2,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was bought at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the purchase, the director now directly owns 14,938 shares in the company, valued at approximately $2,982,371.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hilton Worldwide

A number of hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in shares of Hilton Worldwide by 2.1% during the second quarter. Principal Financial Group Inc. now owns 9,326,879 shares of the company’s stock valued at $2,035,125,000 after buying an additional 190,429 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after buying an additional 761,104 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Hilton Worldwide by 36.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after buying an additional 1,282,676 shares during the last quarter. Putnam Investments LLC raised its holdings in shares of Hilton Worldwide by 6.0% during the fourth quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock valued at $696,680,000 after buying an additional 216,219 shares during the last quarter. Finally, Capital World Investors raised its holdings in shares of Hilton Worldwide by 66.3% during the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after buying an additional 1,246,662 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

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.