Wells Fargo & Company Increases Hilton Worldwide (NYSE:HLT) Price Target to $237.00

Hilton Worldwide (NYSE:HLT) had its price target hoisted by Wells Fargo & Company from $200.00 to $237.00 in a research note released on Tuesday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities research analysts have also issued reports about the stock. Truist Financial lowered their target price on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Barclays raised their price target on shares of Hilton Worldwide from $224.00 to $244.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research note on Monday. JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, Macquarie boosted their price target on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $221.42.

Hilton Worldwide Stock Up 0.5 %

HLT stock opened at $238.02 on Tuesday. The company’s 50-day simple moving average is $224.00 and its 200-day simple moving average is $213.80. Hilton Worldwide has a 52-week low of $146.36 and a 52-week high of $240.00. The firm has a market cap of $59.52 billion, a P/E ratio of 51.74, a PEG ratio of 2.60 and a beta of 1.31.

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

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 23rd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Friday, August 23rd. Hilton Worldwide’s payout ratio is currently 13.04%.

Insider Buying and Selling

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hilton Worldwide

A number of institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC increased its position in shares of Hilton Worldwide by 23,730.1% during the third quarter. International Assets Investment Management LLC now owns 479,223 shares of the company’s stock valued at $1,104,610,000 after acquiring an additional 477,212 shares during the last quarter. TFG Advisers LLC increased its position in shares of Hilton Worldwide by 3.0% during the third quarter. TFG Advisers LLC now owns 2,406 shares of the company’s stock valued at $555,000 after acquiring an additional 70 shares during the last quarter. Greenleaf Trust increased its position in shares of Hilton Worldwide by 4.0% during the third quarter. Greenleaf Trust now owns 10,406 shares of the company’s stock valued at $2,399,000 after acquiring an additional 397 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Hilton Worldwide by 21.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 2,321 shares of the company’s stock valued at $535,000 after acquiring an additional 405 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC increased its position in shares of Hilton Worldwide by 4.2% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock valued at $273,000 after acquiring an additional 48 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.