Brokerages Set Hilton Worldwide Holdings Inc. (NYSE:HLT) PT at $207.59

Shares of Hilton Worldwide Holdings Inc. (NYSE:HLTGet Free Report) have earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $208.00.

Several brokerages recently issued reports on HLT. BMO Capital Markets upped their price objective on shares of Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Macquarie reissued a “neutral” rating and issued a $192.00 price target on shares of Hilton Worldwide in a research note on Wednesday, April 24th. TD Cowen increased 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. Finally, Wells Fargo & Company increased their price target on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 20th.

View Our Latest Stock Analysis on Hilton Worldwide

Insiders Place Their Bets

In other news, Director Melanie Healey acquired 2,000 shares of Hilton Worldwide stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the acquisition, the director now owns 14,938 shares of the company’s stock, valued at $2,982,371.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hilton Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of HLT. Norges Bank purchased a new position in shares of Hilton Worldwide in the 4th quarter valued at $475,073,000. Capital World Investors grew its position in shares of Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after buying an additional 1,246,662 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Hilton Worldwide by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after buying an additional 761,104 shares during the last quarter. Gray Foundation purchased a new position in shares of Hilton Worldwide in the 4th quarter valued at $133,229,000. Finally, Artemis Investment Management LLP purchased a new position in Hilton Worldwide during the 4th quarter worth $64,221,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Down 0.9 %

HLT opened at $215.88 on Wednesday. Hilton Worldwide has a twelve month low of $136.76 and a twelve month high of $218.45. The company has a 50-day moving average price of $203.55 and a 200 day moving average price of $197.80. The company has a market cap of $53.98 billion, a PE ratio of 46.93, a price-to-earnings-growth ratio of 1.91 and a beta of 1.30.

Hilton Worldwide (NYSE:HLTGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, sell-side analysts expect that Hilton Worldwide will post 7.07 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

About Hilton Worldwide

(Get Free Report

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.

Further Reading

Analyst Recommendations for Hilton Worldwide (NYSE:HLT)

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