Hilton Worldwide Holdings Inc. (HLT) Downgraded to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) from a buy rating to a hold rating in a report published on Friday.
According to Zacks, “Hilton Worldwide Holdings Inc. offers hospitality service. The company is engaged in the ownership, leasing, management, development and franchising of hotels, resorts and timeshare properties. Its portfolio of brand names consists of Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Inn, Homewood Suites by Hilton and Home2 Suites by Hilton and timeshare properties under the Hilton Grand Vacations brand. Hilton Worldwide Holdings Inc. is headquartered in McLean, Virginia. “
Several other research firms also recently commented on HLT. TheStreet downgraded shares of Hilton Worldwide Holdings from a b rating to a c+ rating in a research report on Friday, June 30th. Berenberg Bank reiterated a sell rating and set a $47.00 target price on shares of Hilton Worldwide Holdings in a research report on Thursday, July 27th. BidaskClub downgraded shares of Hilton Worldwide Holdings from a buy rating to a hold rating in a research report on Friday, June 23rd. Telsey Advisory Group lifted their target price on shares of Hilton Worldwide Holdings from $61.00 to $67.00 and gave the stock a market perform rating in a research report on Wednesday, July 26th. Finally, Deutsche Bank AG lifted their target price on shares of Hilton Worldwide Holdings from $65.00 to $68.00 and gave the stock a buy rating in a research report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. Hilton Worldwide Holdings has an average rating of Buy and a consensus price target of $72.39.
Hilton Worldwide Holdings (HLT) traded up 0.82% during midday trading on Friday, hitting $63.04. 722,593 shares of the company were exchanged. Hilton Worldwide Holdings has a one year low of $45.32 and a one year high of $67.79. The firm’s 50-day moving average price is $63.44 and its 200-day moving average price is $60.49. The stock has a market capitalization of $20.44 billion, a PE ratio of 525.33 and a beta of 1.30.
Hilton Worldwide Holdings (NYSE:HLT) last posted its earnings results on Wednesday, July 26th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the company earned $0.25 EPS. The firm’s revenue was up 20.3% compared to the same quarter last year. Equities research analysts anticipate that Hilton Worldwide Holdings will post $1.83 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, August 18th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.96%. Hilton Worldwide Holdings’s dividend payout ratio is currently 461.33%.
Several hedge funds have recently added to or reduced their stakes in HLT. Renaissance Technologies LLC bought a new stake in Hilton Worldwide Holdings during the fourth quarter valued at $5,938,000. Quadrature Capital Ltd bought a new stake in Hilton Worldwide Holdings during the fourth quarter valued at $1,813,000. UBS Asset Management Americas Inc. raised its stake in Hilton Worldwide Holdings by 7.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,733,825 shares of the company’s stock valued at $47,161,000 after buying an additional 118,997 shares in the last quarter. Macquarie Group Ltd. raised its stake in Hilton Worldwide Holdings by 1,393.3% in the fourth quarter. Macquarie Group Ltd. now owns 179,200 shares of the company’s stock valued at $4,873,000 after buying an additional 167,200 shares in the last quarter. Finally, Westpac Banking Corp raised its stake in Hilton Worldwide Holdings by 80.4% in the first quarter. Westpac Banking Corp now owns 196,230 shares of the company’s stock valued at $4,419,000 after buying an additional 87,466 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.
About Hilton Worldwide Holdings
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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