Berenberg Bank Downgrades Hilton Hotels (HLT) to Hold
Berenberg Bank lowered shares of Hilton Hotels (NYSE:HLT) from a buy rating to a hold rating in a research report released on Monday morning, 24/7 WallStreet reports. Berenberg Bank currently has $94.00 price objective on the stock, up from their prior price objective of $83.00.
Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Hilton Hotels from a buy rating to a hold rating in a report on Monday, May 6th. Argus increased their price target on Hilton Hotels from $96.00 to $105.00 and gave the stock a buy rating in a report on Monday, May 6th. Raymond James downgraded Hilton Hotels from a strong-buy rating to an outperform rating and increased their price target for the stock from $92.00 to $102.00 in a report on Monday, May 6th. They noted that the move was a valuation call. Morgan Stanley set a $86.00 price target on Hilton Hotels and gave the stock a buy rating in a report on Thursday, May 2nd. Finally, ValuEngine upgraded Hilton Hotels from a hold rating to a buy rating in a report on Wednesday, May 1st. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $90.84.
NYSE:HLT opened at $93.65 on Monday. The company has a market capitalization of $26.01 billion, a PE ratio of 33.57, a P/E/G ratio of 2.67 and a beta of 1.18. Hilton Hotels has a 1 year low of $63.76 and a 1 year high of $94.00. The company has a debt-to-equity ratio of 78.08, a current ratio of 0.67 and a quick ratio of 0.67.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.64%. Hilton Hotels’s payout ratio is currently 21.51%.
In other Hilton Hotels news, insider Kevin J. Jacobs sold 53,023 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $81.30, for a total transaction of $4,310,769.90. Following the transaction, the insider now directly owns 252,856 shares in the company, valued at approximately $20,557,192.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ian Russell Carter sold 21,700 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $92.48, for a total value of $2,006,816.00. Following the transaction, the insider now owns 594,459 shares in the company, valued at $54,975,568.32. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLT. Vanguard Group Inc boosted its position in Hilton Hotels by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 21,281,978 shares of the company’s stock valued at $1,719,158,000 after acquiring an additional 320,187 shares in the last quarter. BlackRock Inc. boosted its position in Hilton Hotels by 1.7% during the 4th quarter. BlackRock Inc. now owns 18,858,210 shares of the company’s stock valued at $1,354,017,000 after acquiring an additional 309,819 shares in the last quarter. Harris Associates L P boosted its position in Hilton Hotels by 86.7% during the 4th quarter. Harris Associates L P now owns 13,199,591 shares of the company’s stock valued at $947,731,000 after acquiring an additional 6,127,890 shares in the last quarter. Principal Financial Group Inc. boosted its position in Hilton Hotels by 6.8% during the 1st quarter. Principal Financial Group Inc. now owns 10,464,989 shares of the company’s stock valued at $869,747,000 after acquiring an additional 667,995 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in Hilton Hotels by 9.9% during the 1st quarter. Janus Henderson Group PLC now owns 4,102,619 shares of the company’s stock valued at $340,970,000 after acquiring an additional 368,724 shares in the last quarter. Institutional investors own 96.59% of the company’s stock.
About Hilton Hotels
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.
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