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

Hilton Worldwide Holdings Inc. (NYSE:HLT) has been assigned an average rating of “Hold” from the twenty-one research firms that are currently covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $223.21.

A number of research analysts have weighed in on HLT shares. Bank of America boosted their price objective on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a report on Monday. Truist Financial raised their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday. Wells Fargo & Company cut their target price on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Melius lowered Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday.

Hilton Worldwide Trading Up 0.7 %

Shares of NYSE HLT opened at $235.17 on Tuesday. Hilton Worldwide has a 12-month low of $147.58 and a 12-month high of $240.00. The firm’s 50-day moving average price is $224.51 and its 200-day moving average price is $213.94. The stock has a market capitalization of $58.80 billion, a price-to-earnings ratio of 51.12, a P/E/G ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 earnings per share. On average, equities analysts predict that Hilton Worldwide will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be issued a $0.15 dividend. The ex-dividend date 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 currently 13.04%.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLT. Massachusetts Financial Services Co. MA boosted its holdings in shares of Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after buying an additional 1,282,676 shares in the last quarter. 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in Hilton Worldwide by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after purchasing an additional 761,104 shares during the last quarter. 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 worth $1,104,610,000 after purchasing an additional 477,212 shares in the last quarter. Finally, PineStone Asset Management Inc. purchased a new stake in shares of Hilton Worldwide during the 2nd quarter valued at $98,607,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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.