Hilton Worldwide Holdings Inc. (NYSE:HLT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) have been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are currently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $264.40.

A number of research analysts have recently issued reports on HLT shares. Evercore ISI reduced their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating for the company in a report on Wednesday, April 23rd. Robert W. Baird boosted their target price on shares of Hilton Worldwide from $276.00 to $278.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Dbs Bank raised shares of Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide in a research report on Monday, June 23rd. They issued an “overweight” rating and a $282.00 price target on the stock. Finally, Truist Financial upped their target price on shares of Hilton Worldwide from $223.00 to $246.00 and gave the stock a “hold” rating in a report on Thursday, July 24th.

Institutional Trading of Hilton Worldwide

Institutional investors have recently made changes to their positions in the stock. Fiduciary Trust Co boosted its holdings in shares of Hilton Worldwide by 0.5% in the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company’s stock worth $1,810,000 after buying an additional 38 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of Hilton Worldwide by 1.6% during the second quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock valued at $680,000 after buying an additional 39 shares during the last quarter. Summit Financial LLC raised its position in shares of Hilton Worldwide by 4.3% during the first quarter. Summit Financial LLC now owns 968 shares of the company’s stock valued at $220,000 after buying an additional 40 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its position in Hilton Worldwide by 2.8% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 1,447 shares of the company’s stock worth $385,000 after purchasing an additional 40 shares during the last quarter. Finally, Sage Rhino Capital LLC increased its position in Hilton Worldwide by 4.4% in the second quarter. Sage Rhino Capital LLC now owns 963 shares of the company’s stock worth $256,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

HLT stock opened at $267.80 on Monday. The company has a fifty day moving average price of $264.39 and a 200-day moving average price of $248.81. The company has a market capitalization of $62.98 billion, a P/E ratio of 41.14, a PEG ratio of 2.64 and a beta of 1.26. Hilton Worldwide has a 52-week low of $196.04 and a 52-week high of $279.46.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.16. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the firm earned $1.91 earnings per share. Hilton Worldwide’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that Hilton Worldwide will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, August 29th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.22%.

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.