Hilton Worldwide Holdings Inc. (NYSE:HLT) had its price target boosted by Barclays PLC from $64.00 to $75.00 in a research note published on Friday, Marketbeat reports. The firm currently has an equal weight rating on the stock.
Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Hilton Worldwide Holdings from a hold rating to a buy rating and set a $69.00 price target for the company in a research report on Tuesday, July 11th. Robert W. Baird reaffirmed a buy rating and set a $78.00 price target on shares of Hilton Worldwide Holdings in a research report on Friday. TheStreet cut Hilton Worldwide Holdings from a b rating to a c+ rating in a research report on Friday, June 30th. BidaskClub upgraded Hilton Worldwide Holdings from a sell rating to a hold rating in a research note on Wednesday, July 19th. Finally, Telsey Advisory Group lifted their price objective on Hilton Worldwide Holdings from $61.00 to $67.00 and gave the company a market perform rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $72.78.
Shares of Hilton Worldwide Holdings (NYSE:HLT) opened at 72.65 on Friday. The company’s 50-day moving average price is $69.36 and its 200-day moving average price is $64.53. The stock has a market cap of $23.55 billion, a PE ratio of 605.42 and a beta of 1.30. Hilton Worldwide Holdings has a 52-week low of $45.93 and a 52-week high of $72.93.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.06. Hilton Worldwide Holdings had a return on equity of 27.32% and a net margin of 0.33%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that Hilton Worldwide Holdings will post $1.87 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 17th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Hilton Worldwide Holdings’s dividend payout ratio is presently 545.45%.
In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of Hilton Worldwide Holdings stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $69.11, for a total value of $1,077,851,654.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. purchased a new position in shares of Hilton Worldwide Holdings in the 2nd quarter valued at about $2,405,000. Schwab Charles Investment Management Inc. increased its stake in shares of Hilton Worldwide Holdings by 131.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 743,199 shares of the company’s stock valued at $45,967,000 after purchasing an additional 421,910 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Hilton Worldwide Holdings by 10.6% in the 2nd quarter. Principal Financial Group Inc. now owns 3,443,710 shares of the company’s stock valued at $212,994,000 after purchasing an additional 329,412 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Hilton Worldwide Holdings by 540.5% in the 2nd quarter. Alliancebernstein L.P. now owns 1,027,871 shares of the company’s stock valued at $63,574,000 after purchasing an additional 867,400 shares in the last quarter. Finally, Andra AP fonden increased its stake in shares of Hilton Worldwide Holdings by 436.2% in the 2nd quarter. Andra AP fonden now owns 21,800 shares of the company’s stock valued at $1,348,000 after purchasing an additional 17,734 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.
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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