Hilton Worldwide (NYSE:HLT) PT Lowered to $181.00 at Deutsche Bank Aktiengesellschaft

Hilton Worldwide (NYSE:HLT) had its price target decreased by Deutsche Bank Aktiengesellschaft from $185.00 to $181.00 in a research report sent to investors on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other equities analysts have also recently issued reports on HLT. JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the company a neutral rating in a research note on Friday, July 19th. Macquarie boosted their target price on Hilton Worldwide from $205.00 to $208.00 and gave the company a neutral rating in a report on Wednesday. Susquehanna assumed coverage on Hilton Worldwide in a report on Friday, June 21st. They issued a neutral rating and a $215.00 target price on the stock. Mizuho dropped their target price on Hilton Worldwide from $245.00 to $242.00 and set a buy rating on the stock in a report on Tuesday, April 23rd. Finally, Bank of America boosted their target price on Hilton Worldwide from $225.00 to $230.00 and gave the company a buy rating in a report on Monday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide presently has an average rating of Hold and an average price target of $209.53.

Hilton Worldwide Trading Up 0.6 %

Hilton Worldwide stock traded up $1.28 during midday trading on Thursday, reaching $206.32. 1,210,582 shares of the stock traded hands, compared to its average volume of 1,601,302. The company has a 50-day simple moving average of $213.05 and a two-hundred day simple moving average of $206.07. Hilton Worldwide has a 12-month low of $146.00 and a 12-month high of $229.03. The firm has a market cap of $51.59 billion, a PE ratio of 44.85, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The business 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 business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. Equities research analysts anticipate that Hilton Worldwide will post 7.07 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend 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 13.04%.

Insider Transactions at Hilton Worldwide

In related news, Director Melanie Healey purchased 2,000 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the director now directly owns 14,938 shares in the company, valued at approximately $2,982,371.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

Institutional investors have recently added to or reduced their stakes in the business. Independence Bank of Kentucky increased its stake in Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in Hilton Worldwide during the fourth quarter worth about $25,000. Frazier Financial Advisors LLC acquired a new stake in Hilton Worldwide during the fourth quarter worth about $28,000. Pinnacle Bancorp Inc. acquired a new stake in Hilton Worldwide during the first quarter worth about $34,000. Finally, Manchester Capital Management LLC increased its stake in Hilton Worldwide by 247.8% during the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.