Hilton Worldwide Holdings Inc. Declares Dividend of $0.15 (NYSE:HLT)

Hilton Worldwide Holdings Inc. (NYSE:HLT) announced a dividend on Tuesday, May 20th, investing.com reports. Shareholders of record on Monday, May 26th will be paid a dividend of 0.15 per share on Friday, June 27th. This represents a yield of 0.23%. The ex-dividend date is Friday, May 23rd.

Hilton Worldwide has a payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hilton Worldwide to earn $9.17 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 6.5%.

Hilton Worldwide Trading Down 1.3%

NYSE HLT opened at $253.12 on Wednesday. Hilton Worldwide has a 1-year low of $194.93 and a 1-year high of $275.22. The firm has a market cap of $60.17 billion, a PE ratio of 41.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The stock has a 50-day moving average of $227.52 and a 200-day moving average of $243.50.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the business earned $1.53 EPS. Hilton Worldwide’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that Hilton Worldwide will post 7.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

HLT has been the topic of several research analyst reports. Mizuho reissued a “neutral” rating and set a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Dbs Bank upgraded Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 14th. Truist Financial cut their price target on Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group restated a “neutral” rating and set a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Finally, Susquehanna raised their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Eleven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $245.56.

Institutional Trading of Hilton Worldwide

Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in shares of Hilton Worldwide by 25.6% during the first quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock worth $520,000 after acquiring an additional 465 shares during the period. Intech Investment Management LLC grew its holdings in Hilton Worldwide by 112.4% in the first quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock worth $1,247,000 after purchasing an additional 2,899 shares during the last quarter. Empowered Funds LLC grew its holdings in Hilton Worldwide by 37.4% in the first quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock worth $1,396,000 after purchasing an additional 1,669 shares during the last quarter. Finally, Woodline Partners LP grew its holdings in Hilton Worldwide by 38.8% in the first quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock worth $4,625,000 after purchasing an additional 5,687 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

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.