Hilton Worldwide (NYSE:HLT) Given New $216.00 Price Target at JPMorgan Chase & Co.

Hilton Worldwide (NYSE:HLT) had its price objective boosted by JPMorgan Chase & Co. from $200.00 to $216.00 in a report published on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the stock. Susquehanna initiated coverage on shares of Hilton Worldwide in a research report on Friday, June 21st. They issued a neutral rating and a $215.00 price target on the stock. Barclays lifted their price target on shares of Hilton Worldwide from $219.00 to $228.00 and gave the stock an overweight rating in a research note on Wednesday, July 17th. Robert W. Baird lifted their price target on shares of Hilton Worldwide from $212.00 to $215.00 and gave the stock an outperform rating in a research note on Thursday, April 25th. Truist Financial lifted their price objective on Hilton Worldwide from $199.00 to $209.00 and gave the company a hold rating in a report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Hilton Worldwide from $176.00 to $185.00 and gave the company a hold rating in a report on Thursday, April 25th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $209.16.

Hilton Worldwide Price Performance

NYSE HLT opened at $220.15 on Friday. The company has a 50 day simple moving average of $210.72 and a 200-day simple moving average of $203.55. The firm has a market capitalization of $55.05 billion, a price-to-earnings ratio of 47.86, a price-to-earnings-growth 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 issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 earnings per share. On average, analysts predict that Hilton Worldwide will post 7.07 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 17th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. Hilton Worldwide’s payout ratio is 13.04%.

Insider Buying and Selling

In related news, Director Melanie Healey acquired 2,000 shares of the company’s stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 14,938 shares in the company, valued at approximately $2,982,371.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hilton Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. raised its holdings in shares of Hilton Worldwide by 10.6% during the second quarter. Atria Wealth Solutions Inc. now owns 4,668 shares of the company’s stock worth $1,019,000 after acquiring an additional 449 shares during the period. Oak Harvest Investment Services grew its position in Hilton Worldwide by 5.5% in the second quarter. Oak Harvest Investment Services now owns 4,141 shares of the company’s stock valued at $904,000 after purchasing an additional 216 shares in the last quarter. Fifth Third Bancorp grew its position in Hilton Worldwide by 28.0% in the second quarter. Fifth Third Bancorp now owns 11,064 shares of the company’s stock valued at $2,414,000 after purchasing an additional 2,418 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its position in Hilton Worldwide by 3.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,916 shares of the company’s stock valued at $419,000 after purchasing an additional 61 shares in the last quarter. Finally, Pallas Capital Advisors LLC bought a new position in shares of Hilton Worldwide in the 2nd quarter valued at about $210,000. 95.90% of the stock is currently 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.