Hilton Worldwide Holdings Inc. (NYSE:HLT) had its price target boosted by Barclays PLC from $63.00 to $64.00 in a research note released on Thursday, July 27th. Barclays PLC currently has an equal weight rating on the stock.
Several other equities analysts have also weighed in on HLT. Telsey Advisory Group lowered shares of Hilton Worldwide Holdings from an outperform rating to a market perform rating in a research report on Monday, April 3rd. Goldman Sachs Group, Inc. (The) raised shares of Hilton Worldwide Holdings from a buy rating to a conviction-buy rating and set a $77.00 price objective on the stock in a research report on Tuesday, April 11th. Zacks Investment Research raised shares of Hilton Worldwide Holdings from a hold rating to a buy rating and set a $65.00 price objective on the stock in a research report on Friday, April 21st. Guggenheim initiated coverage on shares of Hilton Worldwide Holdings in a research note on Wednesday, April 26th. They issued a neutral rating on the stock. Finally, Tigress Financial initiated coverage on shares of Hilton Worldwide Holdings in a research note on Thursday, April 27th. They issued a neutral rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $72.06.
Shares of Hilton Worldwide Holdings (NYSE:HLT) opened at 62.44 on Thursday. The firm has a 50-day moving average of $62.20 and a 200 day moving average of $60.83. Hilton Worldwide Holdings has a 52-week low of $44.73 and a 52-week high of $67.79. The firm has a market capitalization of $20.24 billion, a price-to-earnings ratio of 520.33 and a beta of 1.29.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The company’s revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share. Analysts predict that Hilton Worldwide Holdings will post $1.84 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 18th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is presently 461.33%.
A number of hedge funds and other institutional investors have recently modified their holdings of HLT. QS Investors LLC raised its position in shares of Hilton Worldwide Holdings by 749.6% in the second quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after buying an additional 2,084 shares during the period. Commonwealth Bank of Australia raised its position in shares of Hilton Worldwide Holdings by 255.9% in the second quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock worth $185,000 after buying an additional 2,173 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Hilton Worldwide Holdings during the second quarter worth about $219,000. Creative Planning raised its position in shares of Hilton Worldwide Holdings by 51.7% in the second quarter. Creative Planning now owns 3,723 shares of the company’s stock worth $230,000 after buying an additional 1,269 shares during the period. Finally, Fiduciary Trust Co. acquired a new position in shares of Hilton Worldwide Holdings during the second quarter worth about $247,000.
Hilton Worldwide Holdings Company Profile
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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