Hilton Worldwide (NYSE:HLT) Price Target Raised to $265.00

Hilton Worldwide (NYSE:HLT) had its price objective increased by Bank of America from $230.00 to $265.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the stock. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research note on Monday. Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group began coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price on the stock. JPMorgan Chase & Co. increased their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, Truist Financial reduced their price target on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $219.47.

Hilton Worldwide Stock Down 0.7 %

HLT stock opened at $237.03 on Monday. The firm has a market cap of $59.27 billion, a P/E ratio of 51.53, a P/E/G ratio of 2.60 and a beta of 1.31. The company’s 50-day moving average price is $223.34 and its two-hundred day moving average price is $213.62. Hilton Worldwide has a 12 month low of $146.36 and a 12 month high of $240.00.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. Equities analysts predict that Hilton Worldwide will post 7.05 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

Several hedge funds have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of Hilton Worldwide by 4.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock valued at $269,000 after acquiring an additional 46 shares during the last quarter. Independence Bank of Kentucky grew its stake in Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares during the last quarter. EP Wealth Advisors LLC grew its stake in Hilton Worldwide by 1.5% during the 1st quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock worth $771,000 after buying an additional 54 shares during the last quarter. AA Financial Advisors LLC grew its stake in Hilton Worldwide by 4.0% during the 2nd quarter. AA Financial Advisors LLC now owns 1,434 shares of the company’s stock worth $313,000 after buying an additional 55 shares during the last quarter. Finally, Holderness Investments Co. lifted its position in Hilton Worldwide by 5.2% during the 2nd quarter. Holderness Investments Co. now owns 1,205 shares of the company’s stock worth $263,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.