Hilton Worldwide (NYSE:HLT) Reaches New 1-Year High at $216.29

Hilton Worldwide Holdings Inc. (NYSE:HLT) hit a new 52-week high on Tuesday . The company traded as high as $216.29 and last traded at $216.11, with a volume of 142040 shares. The stock had previously closed at $214.62.

Analysts Set New Price Targets

HLT has been the subject of a number of analyst reports. Truist Financial lifted their target price on shares of Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Bank of America lifted their target price on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Evercore ISI lifted their target price on shares of Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research note on Wednesday, March 20th. Robert W. Baird lifted their price target on shares of Hilton Worldwide from $212.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $192.00 price target on shares of Hilton Worldwide in a research note on Wednesday, April 24th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Hilton Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $207.59.

Hilton Worldwide Stock Up 0.6 %

The firm’s 50-day moving average price is $203.20 and its 200 day moving average price is $196.93. The company has a market capitalization of $54.01 billion, a P/E ratio of 46.96, a P/E/G ratio of 1.89 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date is Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insider Buying and Selling

In related news, Director Melanie Healey bought 2,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were purchased at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the purchase, the director now directly owns 14,938 shares in the company, valued at $2,982,371.70. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLT. Norges Bank purchased a new position in Hilton Worldwide in the fourth quarter valued at about $475,073,000. Capital World Investors boosted its stake in Hilton Worldwide by 66.3% in the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after acquiring an additional 1,246,662 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Hilton Worldwide by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after acquiring an additional 761,104 shares during the last quarter. Gray Foundation bought a new stake in shares of Hilton Worldwide in the fourth quarter valued at approximately $133,229,000. Finally, Artemis Investment Management LLP bought a new stake in shares of Hilton Worldwide in the fourth quarter valued at approximately $64,221,000. 95.90% of the stock is currently 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.