Barclays Cuts Hilton Worldwide (NYSE:HLT) Price Target to $233.00

Hilton Worldwide (NYSE:HLT - Free Report) had its price objective reduced by Barclays from $287.00 to $233.00 in a report issued on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

HLT has been the topic of several other reports. Raymond James increased their target price on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. The Goldman Sachs Group reissued a "neutral" rating and set a $235.00 target price (down from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Mizuho restated a "neutral" rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Wells Fargo & Company boosted their price target on Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Finally, Truist Financial decreased their target price on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $243.75.

Hilton Worldwide Stock Up 0.2 %

Shares of HLT traded up $0.36 during mid-day trading on Tuesday, hitting $219.72. The stock had a trading volume of 1,591,546 shares, compared to its average volume of 1,720,272. Hilton Worldwide has a fifty-two week low of $194.93 and a fifty-two week high of $275.22. The company has a market cap of $52.65 billion, a PE ratio of 35.73, a PEG ratio of 2.86 and a beta of 1.19. The company's fifty day simple moving average is $230.86 and its two-hundred day simple moving average is $242.74.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Equities analysts expect that Hilton Worldwide will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Friday, February 21st. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.76%.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction on Friday, February 7th. The shares were 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 owns 77,383 shares in the company, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fiduciary Trust Co lifted its position in shares of Hilton Worldwide by 0.5% during the 4th quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock worth $1,810,000 after buying an additional 38 shares during the period. Palumbo Wealth Management LLC boosted its stake in shares of Hilton Worldwide by 2.0% in the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock valued at $528,000 after purchasing an additional 41 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in Hilton Worldwide by 1.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock valued at $799,000 after buying an additional 43 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Hilton Worldwide by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company's stock valued at $92,000 after acquiring an additional 48 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its position in Hilton Worldwide by 2.8% in the 4th quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock valued at $444,000 after purchasing an additional 49 shares during the last quarter. 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.