Hilton Worldwide (NYSE:HLT) Price Target Cut to $241.00 by Analysts at Morgan Stanley

Hilton Worldwide (NYSE:HLT) had its target price cut by Morgan Stanley from $251.00 to $241.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also commented on HLT. Truist Financial cut their price target on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Mizuho reissued a “neutral” rating and issued a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Wells Fargo & Company raised their price target on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Barclays lifted 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. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $235.00 price objective (down from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $243.44.

Hilton Worldwide Price Performance

Shares of NYSE HLT opened at $210.73 on Tuesday. The business has a 50-day moving average of $233.77 and a two-hundred day moving average of $243.12. The company has a market capitalization of $50.49 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19. Hilton Worldwide has a 1 year low of $194.71 and a 1 year high of $275.22.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts expect that Hilton Worldwide will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.28%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.76%.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.60% of the company’s stock.

Institutional Trading of Hilton Worldwide

A number of large investors have recently made changes to their positions in the stock. Noble Wealth Management PBC acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new stake in Hilton Worldwide in the 4th quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Hilton Worldwide in the 4th quarter valued at $34,000. Sierra Ocean LLC purchased a new position in shares of Hilton Worldwide during the 4th quarter worth $36,000. Finally, ORG Partners LLC grew its position in shares of Hilton Worldwide by 78.7% in the first quarter. ORG Partners LLC now owns 168 shares of the company’s stock valued at $38,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds 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.