Truist Financial Cuts Hilton Worldwide (NYSE:HLT) Price Target to $251.00

Hilton Worldwide (NYSE:HLT) had its price objective lowered by Truist Financial from $258.00 to $251.00 in a research note published on Friday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

HLT has been the subject of a number of other research reports. Barclays boosted their price target on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Wells Fargo & Company boosted their price objective 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. Morgan Stanley boosted their price objective on Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group boosted their price objective on Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Eleven equities research 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, the company has an average rating of “Hold” and an average target price of $254.53.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $228.78 on Friday. Hilton Worldwide has a fifty-two week low of $193.86 and a fifty-two week high of $275.22. The business has a 50-day moving average of $252.22 and a two-hundred day moving average of $244.49. The stock has a market capitalization of $55.04 billion, a P/E ratio of 37.20, a P/E/G ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last announced its quarterly 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 negative return on equity of 54.47% and a net margin of 13.74%. As a group, research analysts expect that Hilton Worldwide will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be paid a $0.15 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the company’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 value of $10,928,745.99. Following the sale, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

Large investors have recently bought and sold shares of the business. Noble Wealth Management PBC bought a new stake in Hilton Worldwide during the 4th quarter worth approximately $27,000. VSM Wealth Advisory LLC bought a new stake in Hilton Worldwide during the 4th quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Hilton Worldwide during the 4th quarter worth approximately $34,000. Sierra Ocean LLC bought a new stake in Hilton Worldwide during the 4th quarter worth approximately $36,000. Finally, Hopwood Financial Services Inc. bought a new stake in Hilton Worldwide during the 4th quarter worth approximately $41,000. 95.90% of the stock is currently owned by institutional investors.

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.