Hilton Worldwide (HLT) Lowered to “Equal Weight” at Morgan Stanley

Morgan Stanley cut shares of Hilton Worldwide (NYSE:HLT) from an overweight rating to an equal weight rating in a research report released on Wednesday. The brokerage currently has $84.00 price objective on the stock.

HLT has been the topic of a number of other research reports. FBR & Co reissued a neutral rating and set a $73.00 price objective on shares of Hilton Worldwide in a report on Thursday, October 26th. Argus increased their price objective on Hilton Worldwide from $2.40 to $94.00 and gave the stock a positive rating in a report on Wednesday, January 3rd. Raymond James Financial raised Hilton Worldwide from an outperform rating to a strong-buy rating and dropped their price objective for the stock from $78.00 to $69.00 in a report on Monday, January 8th. Royal Bank of Canada reissued a buy rating and set a $70.00 price objective on shares of Hilton Worldwide in a report on Friday, September 22nd. Finally, Zacks Investment Research raised Hilton Worldwide from a hold rating to a buy rating and set a $77.00 price objective on the stock in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $74.65.

Shares of Hilton Worldwide (NYSE HLT) traded up $1.54 on Wednesday, reaching $85.49. The company had a trading volume of 2,204,215 shares, compared to its average volume of 1,906,169. The stock has a market cap of $26,885.51, a PE ratio of 777.18, a price-to-earnings-growth ratio of 6.52 and a beta of 1.33. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.94 and a quick ratio of 0.94. Hilton Worldwide has a twelve month low of $55.79 and a twelve month high of $86.05.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Hilton Worldwide had a return on equity of 27.32% and a net margin of 0.33%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. research analysts predict that Hilton Worldwide will post 1.9 earnings per share for the current year.

Hilton Worldwide announced that its board has authorized a stock repurchase plan on Thursday, November 16th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, November 17th were issued a $0.15 dividend. The ex-dividend date was Thursday, November 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.70%. Hilton Worldwide’s payout ratio is currently 545.45%.

Several large investors have recently added to or reduced their stakes in HLT. TIAA CREF Investment Management LLC raised its holdings in shares of Hilton Worldwide by 82.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 535,838 shares of the company’s stock valued at $33,142,000 after buying an additional 241,668 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Hilton Worldwide by 47.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,128,269 shares of the company’s stock valued at $69,784,000 after buying an additional 364,131 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Hilton Worldwide by 13.7% during the 2nd quarter. BlackRock Inc. now owns 12,048,689 shares of the company’s stock valued at $745,212,000 after buying an additional 1,448,078 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Hilton Worldwide by 120.3% during the 2nd quarter. Amalgamated Bank now owns 22,766 shares of the company’s stock valued at $1,408,000 after buying an additional 12,434 shares in the last quarter. Finally, Profund Advisors LLC purchased a new position in shares of Hilton Worldwide during the 2nd quarter valued at about $451,000.

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About Hilton Worldwide

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.

Analyst Recommendations for Hilton Worldwide (NYSE:HLT)

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