Hilton Hotels (HLT) Downgraded by Berenberg Bank

Berenberg Bank downgraded shares of Hilton Hotels (NYSE:HLT) from a buy rating to a hold rating in a research note issued to investors on Monday morning, 24/7 WallStreet reports. The brokerage currently has $94.00 price objective on the stock, up from their prior price objective of $83.00.

HLT has been the topic of a number of other reports. Wells Fargo & Co lowered shares of Hilton Hotels from an outperform rating to a market perform rating and boosted their price target for the stock from $88.00 to $90.00 in a research note on Wednesday, April 24th. Royal Bank of Canada boosted their price target on shares of Hilton Hotels from $84.00 to $93.00 and gave the stock an outperform rating in a research note on Tuesday, February 19th. Zacks Investment Research lowered shares of Hilton Hotels from a buy rating to a hold rating in a research note on Monday, May 6th. ValuEngine upgraded shares of Hilton Hotels from a hold rating to a buy rating in a research note on Wednesday, May 1st. Finally, Cowen set a $81.00 price target on shares of Hilton Hotels and gave the stock a buy rating in a research note on Thursday, February 14th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $90.84.

Shares of NYSE:HLT opened at $94.05 on Monday. Hilton Hotels has a one year low of $63.76 and a one year high of $94.64. 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 stock has a market capitalization of $26.01 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18.

Hilton Hotels (NYSE:HLT) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. Hilton Hotels had a net margin of 8.42% and a return on equity of 201.77%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Hilton Hotels will post 3.85 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be given 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 Ian Russell Carter sold 21,700 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 594,459 shares in the company, valued at $54,975,568.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in shares of Hilton Hotels by 16.2% in the fourth quarter. Stifel Financial Corp now owns 25,415 shares of the company’s stock valued at $1,815,000 after purchasing an additional 3,550 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Hilton Hotels by 10.2% in the first quarter. IFM Investors Pty Ltd now owns 18,015 shares of the company’s stock valued at $1,497,000 after purchasing an additional 1,667 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Hilton Hotels by 42.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 12,801 shares of the company’s stock valued at $919,000 after purchasing an additional 3,825 shares in the last quarter. Korea Investment CORP lifted its holdings in shares of Hilton Hotels by 15.5% in the fourth quarter. Korea Investment CORP now owns 248,687 shares of the company’s stock valued at $17,856,000 after purchasing an additional 33,300 shares in the last quarter. Finally, Pelham Capital Ltd. lifted its holdings in shares of Hilton Hotels by 11.7% in the first quarter. Pelham Capital Ltd. now owns 2,584,410 shares of the company’s stock valued at $214,790,000 after purchasing an additional 270,000 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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Analyst Recommendations for Hilton Hotels (NYSE:HLT)

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