Brokerages Set Hilton Worldwide Holdings Inc. (NYSE:HLT) Target Price at $213.95

Hilton Worldwide Holdings Inc. (NYSE:HLT) has earned an average rating of “Moderate Buy” from the nineteen analysts that are covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $213.95.

A number of brokerages recently issued reports on HLT. Robert W. Baird cut their price objective on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Truist Financial decreased their price objective 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. Barclays dropped their target price on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Susquehanna assumed coverage on Hilton Worldwide in a report on Friday, June 21st. They set a “neutral” rating and a $215.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective for the company.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $234.36 on Friday. The stock’s fifty day moving average price is $215.70 and its 200-day moving average price is $210.84. The company has a market cap of $58.60 billion, a P/E ratio of 50.95, a PEG ratio of 2.46 and a beta of 1.31. Hilton Worldwide has a 1 year low of $146.35 and a 1 year high of $235.67.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the business posted $1.63 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Hilton Worldwide will post 7.05 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were given a dividend of $0.15 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction 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 sale, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hilton Worldwide

Hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its holdings in Hilton Worldwide by 36.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after acquiring an additional 1,282,676 shares during the period. Capital World Investors raised its position 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 purchasing an additional 1,246,662 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Hilton Worldwide by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after purchasing an additional 761,104 shares during the last quarter. Gray Foundation purchased a new stake in Hilton Worldwide in the 4th quarter valued at about $133,229,000. Finally, PineStone Asset Management Inc. acquired a new position in Hilton Worldwide in the second quarter valued at about $98,607,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

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.