Hilton Hotels (HLT) Downgraded to Market Perform at Wells Fargo & Co

Wells Fargo & Co downgraded shares of Hilton Hotels (NYSE:HLT) from an outperform rating to a market perform rating in a report published on Wednesday, April 24th, Benzinga reports. They currently have $90.00 price objective on the stock, up from their previous price objective of $88.00.

A number of other research analysts also recently commented on the stock. Argus raised shares of Hilton Hotels from a hold rating to a buy rating and set a $96.00 price objective on the stock in a research report on Thursday, March 14th. Citigroup boosted their price objective on shares of Hilton Hotels from $84.00 to $98.00 and gave the company a buy rating in a research report on Wednesday, April 3rd. Zacks Investment Research downgraded shares of Hilton Hotels from a hold rating to a sell rating in a research report on Friday, January 11th. SunTrust Banks boosted their price objective on shares of Hilton Hotels to $99.00 and gave the company an outperform rating in a research report on Thursday, February 14th. Finally, Royal Bank of Canada boosted their price objective on shares of Hilton Hotels from $84.00 to $93.00 and gave the company an outperform rating in a research report on Tuesday, February 19th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Hilton Hotels currently has a consensus rating of Buy and an average price target of $90.84.

Shares of HLT stock traded down $1.12 during trading hours on Wednesday, reaching $92.93. 1,710,194 shares of the stock traded hands, compared to its average volume of 2,416,344. Hilton Hotels has a 1-year low of $63.76 and a 1-year high of $94.64. The firm has a market capitalization of $27.37 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.78 and a beta of 1.18. The company has a debt-to-equity ratio of 78.08, a current ratio of 0.67 and a quick ratio of 0.67.

Hilton Hotels (NYSE:HLT) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. Hilton Hotels had a net margin of 8.42% and a return on equity of 201.77%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Sell-side analysts predict that Hilton Hotels will post 3.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, May 16th. Hilton Hotels’s dividend payout ratio is currently 21.51%.

In related news, insider Ian Russell Carter sold 21,700 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $92.48, for a total transaction of $2,006,816.00. Following the completion of the transaction, the insider now directly owns 594,459 shares in the company, valued at approximately $54,975,568.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Advisors Preferred LLC acquired a new position in Hilton Hotels during the 1st quarter valued at $26,000. Anderson Fisher LLC acquired a new position in Hilton Hotels during the 1st quarter valued at $26,000. Flagship Harbor Advisors LLC raised its stake in shares of Hilton Hotels by 100.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 465 shares of the company’s stock valued at $33,000 after buying an additional 233 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Hilton Hotels by 3,751.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,470,853 shares of the company’s stock valued at $34,000 after buying an additional 2,406,698 shares in the last quarter. Finally, Lindbrook Capital LLC acquired a new position in shares of Hilton Hotels in the 4th quarter valued at $37,000. Hedge funds and other 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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Analyst Recommendations for Hilton Hotels (NYSE:HLT)

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