Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) – Stock analysts at Zacks Research lifted their FY2023 earnings per share (EPS) estimates for Hilton Worldwide in a report issued on Wednesday, August 30th. Zacks Research analyst H. Ray now forecasts that the company will post earnings of $6.02 per share for the year, up from their prior estimate of $6.01. The consensus estimate for Hilton Worldwide’s current full-year earnings is $6.06 per share. Zacks Research also issued estimates for Hilton Worldwide’s Q4 2023 earnings at $1.52 EPS, Q4 2024 earnings at $1.60 EPS, FY2024 earnings at $6.27 EPS and FY2025 earnings at $7.27 EPS.
HLT has been the topic of several other research reports. SpectralCast reissued a “maintains” rating on shares of Hilton Worldwide in a report on Tuesday, June 27th. StockNews.com started coverage on Hilton Worldwide in a report on Thursday, August 17th. They set a “hold” rating on the stock. Robert W. Baird boosted their target price on Hilton Worldwide from $160.00 to $164.00 in a report on Thursday, July 27th. Wells Fargo & Company upped their price target on Hilton Worldwide from $151.00 to $161.00 and gave the company an “equal weight” rating in a report on Friday, July 21st. Finally, Barclays upped their price target on Hilton Worldwide from $166.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, July 21st. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $154.53.
Hilton Worldwide Price Performance
Shares of NYSE:HLT opened at $150.43 on Thursday. Hilton Worldwide has a 12 month low of $116.39 and a 12 month high of $157.14. The stock has a market cap of $39.34 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.43 and a beta of 1.24. The stock’s 50 day moving average price is $149.49 and its 200 day moving average price is $144.82.
Hilton Worldwide (NYSE:HLT – Get Free Report) last released its quarterly earnings results on Wednesday, July 26th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.05. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Hilton Worldwide had a negative return on equity of 128.71% and a net margin of 13.23%. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 earnings per share.
Institutional Investors Weigh In On Hilton Worldwide
A number of hedge funds have recently bought and sold shares of the company. Alberta Investment Management Corp boosted its holdings in Hilton Worldwide by 88.0% during the second quarter. Alberta Investment Management Corp now owns 8,271 shares of the company’s stock valued at $1,204,000 after acquiring an additional 3,871 shares during the period. Comerica Bank bought a new stake in shares of Hilton Worldwide in the second quarter valued at about $611,560,000. Orion Portfolio Solutions LLC lifted its stake in shares of Hilton Worldwide by 30.7% in the second quarter. Orion Portfolio Solutions LLC now owns 7,413 shares of the company’s stock valued at $1,079,000 after buying an additional 1,742 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Hilton Worldwide by 2.2% in the second quarter. Alliancebernstein L.P. now owns 331,216 shares of the company’s stock valued at $48,208,000 after buying an additional 7,059 shares during the period. Finally, Blueshift Asset Management LLC lifted its stake in shares of Hilton Worldwide by 88.6% in the second quarter. Blueshift Asset Management LLC now owns 7,884 shares of the company’s stock valued at $1,148,000 after buying an additional 3,703 shares during the period. 94.71% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Hilton Worldwide news, insider Laura Fuentes sold 12,513 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $141.42, for a total transaction of $1,769,588.46. Following the transaction, the insider now directly owns 5,270 shares of the company’s stock, valued at $745,283.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.40% of the company’s stock.
Hilton Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, August 25th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Thursday, August 24th. Hilton Worldwide’s payout ratio is 12.53%.
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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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