Truist Financial Issues Pessimistic Forecast for Hilton Worldwide (NYSE:HLT) Stock Price

Hilton Worldwide (NYSE:HLT - Free Report) had its price target reduced by Truist Financial from $258.00 to $251.00 in a research report sent to investors on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other analysts have also recently issued research reports about the company. 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. The Goldman Sachs Group increased their price target on Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Raymond James boosted their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Morgan Stanley raised their target price on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Finally, Susquehanna boosted their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Hilton Worldwide presently has a consensus rating of "Hold" and a consensus price target of $254.53.

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Hilton Worldwide Stock Performance

Shares of NYSE:HLT traded up $1.14 during midday trading on Friday, hitting $230.47. 1,000,848 shares of the stock were exchanged, compared to its average volume of 1,771,661. The company has a market capitalization of $55.45 billion, a PE ratio of 37.47, a P/E/G 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. The business's fifty day simple moving average is $252.22 and its two-hundred day simple moving average is $244.49.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. As a group, equities analysts anticipate that Hilton Worldwide will post 7.89 EPS 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 issued a $0.15 dividend. This represents a $0.60 annualized dividend 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 Activity

In related news, insider Christopher J. Nassetta sold 40,653 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hilton Worldwide

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after purchasing an additional 1,429,537 shares during the period. GSA Capital Partners LLP bought a new position in shares of Hilton Worldwide in the 3rd quarter worth $226,000. Empowered Funds LLC increased its holdings in Hilton Worldwide by 4.8% in the third quarter. Empowered Funds LLC now owns 3,722 shares of the company's stock valued at $858,000 after purchasing an additional 172 shares during the last quarter. Caprock Group LLC lifted its stake in Hilton Worldwide by 6.8% in the third quarter. Caprock Group LLC now owns 3,696 shares of the company's stock valued at $852,000 after buying an additional 236 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Hilton Worldwide by 6.5% during the third quarter. PNC Financial Services Group Inc. now owns 72,550 shares of the company's stock worth $16,723,000 after buying an additional 4,399 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.