Hilton Worldwide (NYSE:HLT) Given New $251.00 Price Target at Truist Financial

Hilton Worldwide (NYSE:HLT) had its price target trimmed by Truist Financial from $258.00 to $251.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other equities analysts also recently issued reports on the company. Mizuho reissued a “neutral” rating and set a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Jefferies Financial Group increased their price target on Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Susquehanna increased their price target on Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley increased their price target on Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and an average price target of $254.53.

Hilton Worldwide Stock Down 1.3 %

Shares of Hilton Worldwide stock opened at $228.78 on Friday. The stock’s fifty day moving average is $252.22 and its two-hundred day moving average is $244.08. The company has a market capitalization of $55.04 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. Hilton Worldwide has a 52 week low of $193.86 and a 52 week high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. As a group, research analysts anticipate that Hilton Worldwide will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.76%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the transaction, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of Hilton Worldwide by 2.1% in the third quarter. FMR LLC now owns 11,215,391 shares of the company’s stock worth $2,585,148,000 after purchasing an additional 226,223 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after purchasing an additional 1,429,537 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock worth $1,952,314,000 after purchasing an additional 919,424 shares during the last quarter. Capital International Investors grew its holdings in Hilton Worldwide by 2.0% during the fourth quarter. Capital International Investors now owns 7,225,495 shares of the company’s stock worth $1,786,151,000 after acquiring an additional 142,620 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Hilton Worldwide by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company’s stock worth $1,456,893,000 after acquiring an additional 67,292 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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.