Hilton Worldwide (NYSE:HLT) Price Target Lowered to $215.00 at Robert W. Baird

Hilton Worldwide (NYSE:HLT) had its target price trimmed by Robert W. Baird from $216.00 to $215.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on HLT. Susquehanna started coverage on shares of Hilton Worldwide in a research report on Friday, June 21st. They set a neutral rating and a $215.00 price target on the stock. Bank of America upped their price target on Hilton Worldwide from $225.00 to $230.00 and gave the company a buy rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the stock a neutral rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft raised their target price on Hilton Worldwide from $176.00 to $185.00 and gave the stock a hold rating in a research note on Thursday, April 25th. Finally, Mizuho lowered their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a buy rating on the stock in a research report on Tuesday, April 23rd. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company 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 trading hours on Thursday, hitting $206.24. 1,210,577 shares of the stock were exchanged, compared to its average volume of 1,601,302. The firm’s fifty day moving average price is $212.94 and its 200 day moving average price is $205.82. Hilton Worldwide has a 52-week low of $146.00 and a 52-week high of $229.03. The company has a market cap of $51.57 billion, a P/E ratio of 44.88, a P/E/G ratio of 1.84 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.85 by $0.06. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 earnings per share. Equities analysts expect that Hilton Worldwide will post 7.07 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders 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 dividend yield of 0.29%. Hilton Worldwide’s payout ratio is presently 13.04%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. EdgeRock Capital LLC purchased a new position in Hilton Worldwide in the 4th quarter valued at approximately $25,000. Independence Bank of Kentucky grew its stake in 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 in the last quarter. Frazier Financial Advisors LLC acquired a new position in Hilton Worldwide during the 4th quarter worth $28,000. Raleigh Capital Management Inc. raised its position in Hilton Worldwide by 48.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after purchasing an additional 56 shares in the last quarter. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of Hilton Worldwide in the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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.