Hilton Worldwide (NYSE:HLT) Price Target Cut to $232.00 by Analysts at Wells Fargo & Company

Hilton Worldwide (NYSE:HLT) had its target price decreased by Wells Fargo & Company from $237.00 to $232.00 in a research note issued to investors on Thursday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other equities analysts also recently issued reports on the company. Mizuho increased their price target on Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Thursday. The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Truist Financial lowered their price target on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Finally, Evercore ISI increased their price target on Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and an average target price of $223.21.

Hilton Worldwide Stock Performance

Hilton Worldwide stock traded up $1.08 during midday trading on Thursday, hitting $236.29. 247,527 shares of the company were exchanged, compared to its average volume of 1,558,589. The firm has a market capitalization of $59.08 billion, a PE ratio of 51.12, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a fifty-two week low of $148.25 and a fifty-two week high of $240.00. The business has a fifty day simple moving average of $224.51 and a two-hundred day simple moving average of $213.94.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. Hilton Worldwide’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. As a group, equities analysts expect that Hilton Worldwide will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by company insiders.

Institutional Trading of Hilton Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in HLT. GHP Investment Advisors Inc. purchased a new stake in shares of Hilton Worldwide in the 3rd quarter valued at about $25,000. Independence Bank of Kentucky lifted its holdings in shares of Hilton Worldwide by 66.7% in the 1st 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 purchased a new stake in shares of Hilton Worldwide in the 2nd quarter valued at about $33,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Hilton Worldwide in the 1st quarter valued at about $34,000. Finally, Manchester Capital Management LLC lifted its holdings in shares of Hilton Worldwide by 247.8% in the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after purchasing an additional 114 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other 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.