Hilton Worldwide’s (HLT) Neutral Rating Reaffirmed at Macquarie

Macquarie reissued their neutral rating on shares of Hilton Worldwide (NYSE:HLT) in a research note published on Wednesday, Benzinga reports. Macquarie currently has a $192.00 price target on the stock.

Other equities analysts have also recently issued reports about the company. Truist Financial reiterated a hold rating and set a $199.00 target price on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Mizuho reduced their price objective on Hilton Worldwide from $245.00 to $242.00 and set a buy rating on the stock in a research note on Tuesday. Evercore ISI raised their price objective on Hilton Worldwide from $200.00 to $210.00 and gave the stock an in-line rating in a research note on Wednesday, March 20th. Wells Fargo & Company raised their price objective on Hilton Worldwide from $196.00 to $200.00 and gave the stock an equal weight rating in a research note on Wednesday, March 20th. Finally, Bank of America raised their price objective on Hilton Worldwide from $215.00 to $225.00 and gave the stock a buy rating in a research note on Friday, March 15th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Hilton Worldwide currently has an average rating of Moderate Buy and an average target price of $201.78.

Hilton Worldwide Trading Up 3.9 %

Hilton Worldwide stock opened at $204.70 on Wednesday. The stock has a market cap of $51.45 billion, a P/E ratio of 47.27, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. The stock has a 50 day moving average of $205.55 and a 200-day moving average of $184.32. Hilton Worldwide has a 52 week low of $134.43 and a 52 week high of $215.79.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.57 by $0.11. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 EPS. As a group, equities analysts predict that Hilton Worldwide will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio is presently 13.86%.

Insiders Place Their Bets

In other news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the transaction, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. OFI Invest Asset Management acquired a new position in shares of Hilton Worldwide during the third quarter valued at $25,000. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide during the fourth quarter valued at $25,000. Activest Wealth Management acquired a new position in shares of Hilton Worldwide during the fourth quarter valued at $26,000. Independence Bank of Kentucky increased its holdings in shares of 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 period. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Hilton Worldwide during the fourth quarter valued at $28,000. 95.90% of the stock is owned by institutional investors and hedge funds.

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.