Hilton Worldwide Holdings Inc. (HLT) Cut to Hold at Evercore ISI
Evercore ISI lowered shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) from a buy rating to a hold rating in a research report released on Monday. They currently have $25.00 price objective on the stock.
HLT has been the subject of a number of other reports. Barclays PLC lowered shares of Hilton Worldwide Holdings from an overweight rating to an equal weight rating in a research note on Thursday, October 27th. Morgan Stanley reaffirmed an overweight rating and issued a $24.00 target price (down from $25.00) on shares of Hilton Worldwide Holdings in a research note on Tuesday, November 15th. Sanford C. Bernstein initiated coverage on shares of Hilton Worldwide Holdings in a research note on Thursday, September 8th. They issued a market perform rating and a $26.00 target price for the company. Zacks Investment Research lowered shares of Hilton Worldwide Holdings from a hold rating to a strong sell rating in a research note on Monday, August 1st. Finally, TheStreet lowered shares of Hilton Worldwide Holdings from a buy rating to a hold rating in a research note on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $25.41.
Hilton Worldwide Holdings (NYSE:HLT) opened at 25.07 on Monday. The company has a market capitalization of $24.81 billion, a price-to-earnings ratio of 16.08 and a beta of 1.24. The stock has a 50 day moving average price of $23.41 and a 200-day moving average price of $22.99. Hilton Worldwide Holdings has a 1-year low of $16.16 and a 1-year high of $25.45.
Hilton Worldwide Holdings (NYSE:HLT) last announced its earnings results on Wednesday, October 26th. The company reported $0.23 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.23. The firm earned $2.94 billion during the quarter, compared to analyst estimates of $3 billion. Hilton Worldwide Holdings had a net margin of 13.35% and a return on equity of 13.84%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. Equities analysts predict that Hilton Worldwide Holdings will post $0.87 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 10th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.28 annualized dividend and a yield of 1.12%. Hilton Worldwide Holdings’s dividend payout ratio is currently 17.95%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Shell Asset Management Co. boosted its position in Hilton Worldwide Holdings by 44.4% in the second quarter. Shell Asset Management Co. now owns 34,920 shares of the company’s stock valued at $787,000 after buying an additional 10,737 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Hilton Worldwide Holdings by 3.1% in the second quarter. Daiwa Securities Group Inc. now owns 373,295 shares of the company’s stock worth $8,411,000 after buying an additional 11,215 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Hilton Worldwide Holdings by 25.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 196,959 shares of the company’s stock worth $4,437,000 after buying an additional 40,000 shares during the last quarter. CIBC World Markets Inc. acquired a new position in shares of Hilton Worldwide Holdings during the second quarter worth about $1,706,000. Finally, IBM Retirement Fund raised its position in shares of Hilton Worldwide Holdings by 1.4% in the second quarter. IBM Retirement Fund now owns 62,105 shares of the company’s stock worth $1,460,000 after buying an additional 865 shares during the last quarter.
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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