Deutsche Bank Aktiengesellschaft Boosts Hilton Worldwide (NYSE:HLT) Price Target to $185.00

Hilton Worldwide (NYSE:HLT) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $176.00 to $185.00 in a report released on Thursday morning, Benzinga reports. They currently have a hold rating on the stock.

HLT has been the topic of several other reports. Macquarie reaffirmed a neutral rating and issued a $192.00 target price on shares of Hilton Worldwide in a report on Wednesday, April 24th. Wells Fargo & Company increased their target price on Hilton Worldwide from $196.00 to $200.00 and gave the company an equal weight rating in a research report on Wednesday, March 20th. TD Cowen upped their price target on shares of Hilton Worldwide from $215.00 to $230.00 and gave the company an outperform rating in a research note on Wednesday, March 20th. Robert W. Baird increased 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. Finally, HSBC upped their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a buy rating in a research report on Wednesday, April 3rd. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $207.59.

Hilton Worldwide Trading Down 0.9 %

Shares of HLT opened at $202.12 on Thursday. Hilton Worldwide has a 12-month low of $134.43 and a 12-month high of $215.79. The company has a market capitalization of $50.54 billion, a PE ratio of 43.94, a price-to-earnings-growth ratio of 1.79 and a beta of 1.25. The business’s 50 day moving average is $205.79 and its 200 day moving average is $185.26.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.12. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 earnings per share. Equities research analysts predict that Hilton Worldwide will post 7.07 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.30%. Hilton Worldwide’s payout ratio is 13.04%.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Putnam Investments LLC boosted its position in Hilton Worldwide by 6.0% during the fourth quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock valued at $696,680,000 after purchasing an additional 216,219 shares in the last quarter. Norges Bank bought a new stake in shares of Hilton Worldwide in the 4th quarter valued at about $475,073,000. Deutsche Bank AG grew its position in shares of Hilton Worldwide by 181.1% in the 3rd quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock worth $391,640,000 after buying an additional 1,680,156 shares during the last quarter. Northern Trust Corp raised its stake in shares of Hilton Worldwide by 1.9% during the 3rd quarter. Northern Trust Corp now owns 2,466,740 shares of the company’s stock worth $370,455,000 after acquiring an additional 46,197 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in Hilton Worldwide by 16.2% during the fourth quarter. TD Asset Management Inc now owns 2,074,498 shares of the company’s stock valued at $377,745,000 after acquiring an additional 288,587 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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.