Hilton Worldwide Holdings Inc. (NYSE:HLT) Receives $219.47 Consensus PT from Brokerages

Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) have been assigned a consensus recommendation of “Hold” from the twenty-one analysts that are covering the firm, Marketbeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $223.21.

A number of brokerages have commented on HLT. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research report on Monday. JPMorgan Chase & Co. lifted their target price on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Robert W. Baird increased their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a report on Thursday. TD Cowen decreased their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Barclays dropped their price objective on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating on the stock in a report on Thursday.

Hilton Worldwide Stock Up 0.7 %

Shares of Hilton Worldwide stock opened at $235.17 on Tuesday. The company has a 50 day moving average price of $224.51 and a 200 day moving average price of $213.94. The firm has a market capitalization of $58.80 billion, a P/E ratio of 51.12, a PEG ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a 52 week low of $147.58 and a 52 week high of $240.00.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $1.67 earnings per share. As a group, research analysts anticipate that Hilton Worldwide will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Insider Buying and Selling

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the firm’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 value of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hilton Worldwide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLT. GHP Investment Advisors Inc. purchased a new position in shares of Hilton Worldwide in the third quarter valued at approximately $25,000. Independence Bank of Kentucky lifted its holdings in Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. EdgeRock Capital LLC acquired a new stake in Hilton Worldwide during the 2nd quarter worth $33,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Hilton Worldwide during the first quarter worth $34,000. Finally, Manchester Capital Management LLC raised its position in shares of Hilton Worldwide by 247.8% in the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after buying an additional 114 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

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.