Hilton Worldwide (NYSE:HLT) has received a consensus rating of “Buy” from the twenty brokerages that are covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $85.00.
HLT has been the subject of several recent analyst reports. ValuEngine upgraded Hilton Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Morgan Stanley boosted their target price on Hilton Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a report on Tuesday, May 1st. Robert W. Baird set a $90.00 target price on Hilton Worldwide and gave the company a “buy” rating in a report on Friday, April 13th. Deutsche Bank reaffirmed a “buy” rating and set a $95.00 price objective on shares of Hilton Worldwide in a report on Tuesday, May 22nd. Finally, B. Riley upped their price objective on Hilton Worldwide from $84.00 to $87.00 and gave the stock a “hold” rating in a report on Friday, April 27th.
In other news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of Hilton Worldwide stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $73.00, for a total value of $4,818,000,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Wetherby Asset Management Inc. acquired a new position in shares of Hilton Worldwide in the 1st quarter worth approximately $201,000. Parametrica Management Ltd acquired a new position in Hilton Worldwide during the 1st quarter worth $202,000. TLP Group LLC lifted its stake in shares of Hilton Worldwide by 1,118.4% in the 1st quarter. TLP Group LLC now owns 2,851 shares of the company’s stock valued at $225,000 after purchasing an additional 2,617 shares during the period. Ninepoint Partners LP acquired a new position in shares of Hilton Worldwide in the 1st quarter valued at $228,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Hilton Worldwide in the 1st quarter valued at $243,000. 74.71% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE HLT traded down $0.67 during trading on Friday, hitting $80.61. 3,491,400 shares of the company were exchanged, compared to its average volume of 3,257,561. Hilton Worldwide has a 12-month low of $60.54 and a 12-month high of $88.11. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 3.75. The firm has a market cap of $24.32 billion, a PE ratio of 40.19, a P/E/G ratio of 3.01 and a beta of 1.33.
Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Thursday, April 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.29 billion. Hilton Worldwide had a return on equity of 41.44% and a net margin of 14.87%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. research analysts expect that Hilton Worldwide will post 2.69 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 29th. Shareholders of record on Friday, May 11th were given a $0.15 dividend. The ex-dividend date was Thursday, May 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.74%. Hilton Worldwide’s dividend payout ratio is currently 30.00%.
About Hilton Worldwide
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.
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