Wells Fargo & Company Trims Hilton Worldwide (NYSE:HLT) Target Price to $232.00

Hilton Worldwide (NYSE:HLT) had its price target trimmed by Wells Fargo & Company from $237.00 to $232.00 in a report released on Thursday, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research analysts have also recently commented on HLT. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Mizuho increased their price target on shares of Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays reduced their price target on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating on the stock in a research report on Thursday. Truist Financial reduced their price target on shares of 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 shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $228.71.

Hilton Worldwide Trading Up 0.4 %

HLT stock opened at $236.11 on Thursday. The company’s 50 day moving average is $225.48 and its 200 day moving average is $214.32. The stock has a market cap of $58.18 billion, a price-to-earnings ratio of 50.02, a price-to-earnings-growth ratio of 2.64 and a beta of 1.31. Hilton Worldwide has a 1-year low of $148.25 and a 1-year high of $240.00.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.07. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. Hilton Worldwide’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 earnings per share. As a group, sell-side analysts forecast that Hilton Worldwide will post 7.03 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

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

Insider Buying and Selling

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hilton Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. purchased a new position in Hilton Worldwide during the third quarter valued at $25,000. Independence Bank of Kentucky lifted its position in Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 50 shares during the period. EdgeRock Capital LLC bought a new position in shares of Hilton Worldwide during the second quarter valued at $33,000. Pinnacle Bancorp Inc. bought a new position in shares of Hilton Worldwide during the first quarter valued at $34,000. Finally, Manchester Capital Management LLC increased its holdings 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 acquiring an additional 114 shares in the last quarter. 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.