Hilton Worldwide Holdings Inc. (NYSE:HLT) was downgraded by stock analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Other analysts have also issued research reports about the stock. Citigroup Inc. boosted their target price on shares of Hilton Worldwide Holdings from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Credit Agricole SA set a $27.00 target price on shares of Hilton Worldwide Holdings and gave the company a “buy” rating in a research note on Wednesday, September 14th. Deutsche Bank AG lowered their target price on shares of Hilton Worldwide Holdings from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Jefferies Group reiterated a “hold” rating on shares of Hilton Worldwide Holdings in a research note on Thursday, June 2nd. Finally, Zacks Investment Research upgraded shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $26.71.
Shares of Hilton Worldwide Holdings (NYSE:HLT) opened at 22.82 on Wednesday. The firm has a market cap of $22.59 billion, a PE ratio of 13.75 and a beta of 1.25. Hilton Worldwide Holdings has a 52 week low of $16.16 and a 52 week high of $26.27. The company’s 50-day moving average is $23.59 and its 200-day moving average is $22.62.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by $0.01. The company earned $3.05 billion during the quarter, compared to the consensus estimate of $3.06 billion. Hilton Worldwide Holdings had a return on equity of 14.59% and a net margin of 14.20%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. Analysts forecast that Hilton Worldwide Holdings will post $0.90 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 19th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.28 annualized dividend and a yield of 1.23%. Hilton Worldwide Holdings’s payout ratio is presently 16.97%.
A number of hedge funds have recently bought and sold shares of the company. Mizuho Asset Management Co. Ltd. increased its stake in Hilton Worldwide Holdings by 185.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 7,417 shares of the company’s stock valued at $167,000 after buying an additional 4,817 shares during the last quarter. Hilton Capital Management LLC bought a new stake in Hilton Worldwide Holdings during the second quarter valued at about $203,000. Emerald Mutual Fund Advisers Trust bought a new stake in Hilton Worldwide Holdings during the second quarter valued at about $203,000. Stifel Financial Corp bought a new stake in Hilton Worldwide Holdings during the second quarter valued at about $215,000. Finally, Trexquant Investment LP bought a new stake in Hilton Worldwide Holdings during the second quarter valued at about $225,000. Hedge funds and other institutional investors own 99.72% of the company’s stock.
Hilton Worldwide Holdings Company Profile
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing, developing and franchising hotels, resorts and timeshare properties. It operates through three segments: management and franchise, ownership and timeshare. It has approximately 4,610 hotels, resorts and timeshare properties comprising over 758,502 rooms in approximately 100 countries and territories.
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