Hilton Worldwide (NYSE:HLT) Price Target Raised to $209.00

Hilton Worldwide (NYSE:HLT) had its target price lifted by Truist Financial from $199.00 to $209.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a hold rating on the stock.

Several other equities analysts have also weighed in on HLT. Robert W. Baird raised their price objective on shares of Hilton Worldwide from $212.00 to $215.00 and gave the company an outperform rating in a research report on Thursday. Jefferies Financial Group upped their price objective on shares of Hilton Worldwide from $157.00 to $182.00 and gave the company a hold rating in a research note on Tuesday, January 2nd. Wells Fargo & Company upped their price objective on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an equal weight rating in a research note on Wednesday, March 20th. HSBC upped their price objective on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a buy rating in a research note on Wednesday, April 3rd. Finally, UBS Group upped their price objective on shares of Hilton Worldwide from $190.00 to $237.00 and gave the company a buy rating in a research note on Wednesday, February 28th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $207.59.

Hilton Worldwide Trading Down 0.9 %

NYSE:HLT opened at $202.12 on Thursday. Hilton Worldwide has a twelve month low of $134.43 and a twelve month high of $215.79. The company has a 50-day moving average of $205.79 and a 200-day moving average of $185.04. The firm has a market cap of $50.54 billion, a price-to-earnings ratio of 43.94, a price-to-earnings-growth ratio of 1.79 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating 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 company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter last year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, research analysts forecast that Hilton Worldwide will post 7.07 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.30%. The ex-dividend date is Thursday, May 16th. Hilton Worldwide’s payout ratio is presently 13.04%.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the transaction, the insider now owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independence Bank of Kentucky grew its holdings in 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. Eaton Financial Holdings Company LLC grew its holdings in Hilton Worldwide by 0.9% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 5,932 shares of the company’s stock valued at $1,080,000 after purchasing an additional 52 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in 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. Checchi Capital Advisers LLC grew its holdings in Hilton Worldwide by 1.9% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,095 shares of the company’s stock valued at $564,000 after purchasing an additional 58 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in Hilton Worldwide by 2.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,681 shares of the company’s stock valued at $488,000 after purchasing an additional 63 shares during the last quarter. 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.