Hilton Hotels (HLT) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Hilton Hotels (NYSE:HLT) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other brokerages have also commented on HLT. Longbow Research initiated coverage on shares of Hilton Hotels in a report on Friday, September 7th. They issued a buy rating and a $96.00 price target on the stock. Zacks Investment Research lowered shares of Hilton Hotels from a buy rating to a hold rating in a report on Monday, July 30th. Goldman Sachs Group lowered shares of Hilton Hotels to a buy rating in a report on Sunday, June 10th. Sanford C. Bernstein lowered shares of Hilton Hotels from an outperform rating to a market perform rating in a report on Thursday, August 16th. Finally, Berenberg Bank raised shares of Hilton Hotels from a hold rating to a buy rating in a report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $86.88.

Shares of NYSE:HLT opened at $74.95 on Friday. The firm has a market capitalization of $24.09 billion, a PE ratio of 37.48, a P/E/G ratio of 2.99 and a beta of 1.26. Hilton Hotels has a one year low of $69.46 and a one year high of $88.11. The company has a debt-to-equity ratio of 13.51, a quick ratio of 0.78 and a current ratio of 0.78.

Hilton Hotels (NYSE:HLT) last issued its quarterly earnings results on Wednesday, July 25th. The company reported $0.70 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.70. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.48 billion. Hilton Hotels had a net margin of 15.53% and a return on equity of 50.91%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. Research analysts expect that Hilton Hotels will post 2.7 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 10th were paid a $0.15 dividend. The ex-dividend date was Thursday, August 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.80%. Hilton Hotels’s dividend payout ratio (DPR) is 30.00%.

Institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new stake in shares of Hilton Hotels in the 2nd quarter valued at $142,000. Dupont Capital Management Corp purchased a new stake in Hilton Hotels during the 2nd quarter valued at $217,000. TLP Group LLC boosted its position in Hilton Hotels by 1,118.4% during the 1st quarter. TLP Group LLC now owns 2,851 shares of the company’s stock valued at $225,000 after buying an additional 2,617 shares during the period. Shepherd Kaplan Krochuk LLC purchased a new stake in Hilton Hotels during the 2nd quarter valued at $225,000. Finally, Gilbert & Cook Inc. purchased a new stake in Hilton Hotels during the 2nd quarter valued at $229,000. 97.77% of the stock is owned by institutional investors.

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, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.

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Analyst Recommendations for Hilton Hotels (NYSE:HLT)

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