Hilton Worldwide (NYSE:HLT) Price Target Increased to $228.00 by Analysts at Barclays

Hilton Worldwide (NYSE:HLT) had its price target upped by Barclays from $219.00 to $228.00 in a research note published on Wednesday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently commented on HLT. HSBC raised their price objective 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. TD Cowen upped their price objective on Hilton Worldwide from $215.00 to $230.00 and gave the stock an outperform rating in a report on Wednesday, March 20th. Wells Fargo & Company raised their target price on Hilton Worldwide from $196.00 to $200.00 and gave the company an equal weight rating in a report on Wednesday, March 20th. Evercore ISI upped their price target on shares of Hilton Worldwide from $200.00 to $210.00 and gave the stock an in-line rating in a research note on Wednesday, March 20th. Finally, Susquehanna initiated coverage on shares of Hilton Worldwide in a research note on Friday, June 21st. They issued a neutral rating and a $215.00 price objective for the company. Eleven 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, Hilton Worldwide currently has a consensus rating of Hold and a consensus price target of $208.89.

Hilton Worldwide Stock Up 0.1 %

NYSE HLT opened at $219.19 on Wednesday. The business’s 50-day moving average price is $210.43 and its 200 day moving average price is $203.09. The firm has a market cap of $54.81 billion, a P/E ratio of 47.65, a P/E/G ratio of 1.92 and a beta of 1.31. Hilton Worldwide has a 52-week low of $146.00 and a 52-week high of $229.03.

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

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were issued a $0.15 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.27%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, Director Melanie Healey bought 2,000 shares of Hilton Worldwide stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the transaction, the director now owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

Several hedge funds have recently modified their holdings of the stock. EdgeRock Capital LLC purchased a new position in Hilton Worldwide during the fourth quarter worth approximately $25,000. Activest Wealth Management acquired a new position in Hilton Worldwide in the fourth quarter valued at $26,000. Independence Bank of Kentucky grew its position in Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 50 shares during the period. Frazier Financial Advisors LLC acquired a new stake in Hilton Worldwide during the fourth quarter worth about $28,000. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Hilton Worldwide by 48.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after purchasing an additional 56 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

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.