Hilton Worldwide Holdings Inc. (NYSE:HLT) had its target price increased by Telsey Advisory Group from $67.00 to $71.00 in a report issued on Friday morning, MarketBeat reports. They currently have a market perform rating on the stock.
A number of other research analysts have also recently commented on HLT. Zacks Investment Research cut Hilton Worldwide Holdings from a buy rating to a hold rating in a research note on Tuesday, July 4th. TheStreet cut Hilton Worldwide Holdings from a b rating to a c+ rating in a research note on Friday, June 30th. BidaskClub cut Hilton Worldwide Holdings from a hold rating to a sell rating in a research note on Thursday, July 6th. Barclays PLC raised their target price on Hilton Worldwide Holdings from $63.00 to $64.00 and gave the company an equal weight rating in a research note on Thursday, July 27th. Finally, Berenberg Bank restated a sell rating and issued a $47.00 target price on shares of Hilton Worldwide Holdings in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $72.78.
Shares of Hilton Worldwide Holdings (NYSE HLT) traded up 0.10% during trading on Friday, reaching $72.72. The company’s stock had a trading volume of 209,971 shares. The stock has a market cap of $23.58 billion, a price-to-earnings ratio of 606.00 and a beta of 1.30. The stock’s 50 day moving average price is $69.36 and its 200-day moving average price is $64.53. 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 data on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.06. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. Hilton Worldwide Holdings had a return on equity of 27.32% and a net margin of 0.33%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. Equities analysts anticipate that Hilton Worldwide Holdings will post $1.87 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 17th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, November 16th. Hilton Worldwide Holdings’s payout ratio is currently 545.45%.
In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of Hilton Worldwide Holdings stock in a transaction on 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 hyperlink. Insiders own 1.50% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. QS Investors LLC grew its holdings 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 acquiring an additional 2,084 shares during the period. Commonwealth Bank of Australia grew its holdings in Hilton Worldwide Holdings by 255.9% during the second quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock valued at $185,000 after purchasing an additional 2,173 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in Hilton Worldwide Holdings during the second quarter valued at about $219,000. Creative Planning grew its holdings in Hilton Worldwide Holdings by 51.7% during the second quarter. Creative Planning now owns 3,723 shares of the company’s stock valued at $230,000 after purchasing an additional 1,269 shares during the period. Finally, Fiduciary Trust Co. bought a new stake in Hilton Worldwide Holdings during the second quarter valued at about $247,000. 99.29% of the stock is owned by institutional investors.
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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