Hilton Hotels (NYSE:HLT) Downgraded to “Neutral” at Cleveland Research

Cleveland Research downgraded shares of Hilton Hotels (NYSE:HLT) from a buy rating to a neutral rating in a research report report published on Friday, Briefing.com Automated Import reports.

A number of other equities research analysts also recently issued reports on the stock. Berenberg Bank reissued a buy rating and set a GBX 190 ($2.48) price objective on shares of Cairn Energy in a research report on Monday, May 13th. TheStreet downgraded shares of Viavi Solutions from a b- rating to a c+ rating in a research report on Monday, June 3rd. Citigroup boosted their price objective on shares of J2 Global from $86.00 to $95.00 and gave the company a neutral rating in a research report on Wednesday, April 3rd. Zacks Investment Research downgraded shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research report on Monday, May 6th. Finally, Argus boosted their price objective on shares of Hilton Hotels from $96.00 to $105.00 and gave the company a buy rating in a research report on Monday, May 6th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $91.61.

Shares of HLT stock opened at $93.24 on Friday. Hilton Hotels has a 1 year low of $63.76 and a 1 year high of $101.14. The company’s fifty day simple moving average is $96.05. The company has a debt-to-equity ratio of 78.08, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $27.23 billion, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 2.82 and a beta of 1.08.



Hilton Hotels (NYSE:HLT) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Hilton Hotels will post 3.87 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 17th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, May 16th. Hilton Hotels’s dividend payout ratio (DPR) is 21.51%.

In related news, insider Ian Russell Carter sold 21,700 shares of Hilton Hotels 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 transaction, the insider now 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 can be accessed through this link. 1.80% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Stifel Financial Corp lifted its stake in Hilton Hotels by 16.2% in the 4th quarter. Stifel Financial Corp now owns 25,415 shares of the company’s stock worth $1,815,000 after purchasing an additional 3,550 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in Hilton Hotels by 10.2% in the 1st quarter. IFM Investors Pty Ltd now owns 18,015 shares of the company’s stock worth $1,497,000 after purchasing an additional 1,667 shares in the last quarter. Pelham Capital Ltd. lifted its stake in Hilton Hotels by 11.7% in the 1st quarter. Pelham Capital Ltd. now owns 2,584,410 shares of the company’s stock worth $214,790,000 after purchasing an additional 270,000 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in Hilton Hotels by 16.9% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,023 shares of the company’s stock worth $85,000 after purchasing an additional 148 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Hilton Hotels by 27.8% in the 1st quarter. Bank of Montreal Can now owns 395,260 shares of the company’s stock worth $32,850,000 after purchasing an additional 85,865 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Hilton Hotels Company Profile

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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