Hilton Worldwide (NYSE:HLT) Now Covered by Susquehanna

Susquehanna began coverage on shares of Hilton Worldwide (NYSE:HLT) in a report released on Friday morning, Marketbeat reports. The brokerage issued a neutral rating and a $215.00 price objective on the stock.

A number of other research analysts have also recently weighed in on the company. TD Cowen lifted their target price on Hilton Worldwide from $215.00 to $230.00 and gave the company an outperform rating in a report on Wednesday, March 20th. Wells Fargo & Company boosted their price objective on Hilton Worldwide from $196.00 to $200.00 and gave the stock an equal weight rating in a research note on Wednesday, March 20th. BMO Capital Markets boosted their price objective on Hilton Worldwide from $203.00 to $215.00 and gave the stock a market perform rating in a research note on Wednesday, March 20th. Macquarie restated a neutral rating and set a $192.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, April 24th. Finally, Mizuho reduced their price objective on Hilton Worldwide from $245.00 to $242.00 and set a buy rating on the stock in a research note on Tuesday, April 23rd. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $208.00.

Hilton Worldwide Trading Down 0.9 %

Shares of Hilton Worldwide stock opened at $215.88 on Friday. Hilton Worldwide has a twelve month low of $136.76 and a twelve month high of $218.45. The stock has a market capitalization of $53.98 billion, a P/E ratio of 46.93, a PEG ratio of 1.89 and a beta of 1.30. The business’s fifty day moving average price is $203.55 and its 200 day moving average price is $197.39.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter last year, the firm 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, sell-side analysts predict that Hilton Worldwide will post 7.07 EPS for the current year.

Hilton Worldwide Announces Dividend

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

Insider Activity at Hilton Worldwide

In other news, Director Melanie Healey acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average cost of $199.65 per share, with a total value of $399,300.00. Following the completion of the acquisition, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Institutional Trading of Hilton Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the company. EdgeRock Capital LLC bought a new stake in Hilton Worldwide in the fourth quarter valued at about $25,000. Activest Wealth Management bought a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $26,000. Independence Bank of Kentucky grew its holdings in shares of Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $28,000. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Hilton Worldwide by 48.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after purchasing an additional 56 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

About Hilton Worldwide

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.