TD Cowen Trims Hilton Worldwide (NYSE:HLT) Target Price to $256.00

Hilton Worldwide (NYSE:HLT) had its target price trimmed by TD Cowen from $265.00 to $256.00 in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also issued reports on HLT. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Macquarie upped their price target on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Robert W. Baird raised their price objective on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday. Evercore ISI increased their target price on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Finally, Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $225.44.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock opened at $236.11 on Thursday. The stock has a market capitalization of $58.18 billion, a P/E ratio of 50.02, a P/E/G ratio of 2.64 and a beta of 1.31. Hilton Worldwide has a 52-week low of $148.25 and a 52-week high of $240.00. The stock’s 50-day simple moving average is $225.48 and its 200 day simple moving average is $214.29.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company posted $1.67 EPS. Hilton Worldwide’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts forecast that Hilton Worldwide will post 7.03 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.25%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is currently 12.71%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other 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 value of $1,067,423.00. Following the transaction, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the sale, the insider now owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new stake in Hilton Worldwide in the 3rd quarter worth $25,000. Independence Bank of Kentucky raised its position in Hilton Worldwide by 66.7% during 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 Hilton Worldwide in the 2nd quarter worth approximately $33,000. Pinnacle Bancorp Inc. bought a new stake in shares of Hilton Worldwide in the 1st quarter worth approximately $34,000. Finally, Manchester Capital Management LLC increased its stake in shares of Hilton Worldwide by 247.8% during the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after buying an additional 114 shares during the period. 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.