Hilton Worldwide (NYSE:HLT) had its price objective increased by JPMorgan Chase & Co. from $90.00 to $94.00 in a research report released on Thursday. The brokerage currently has an overweight rating on the stock.
Several other brokerages also recently commented on HLT. Barclays increased their price objective on shares of Hilton Worldwide from $64.00 to $75.00 and gave the company an equal weight rating in a research note on Friday, October 27th. Raymond James Financial raised shares of Hilton Worldwide from an outperform rating to a strong-buy rating and dropped their price target for the company from $78.00 to $69.00 in a research note on Monday, January 8th. Morgan Stanley reaffirmed a buy rating on shares of Hilton Worldwide in a research note on Friday, December 8th. B. Riley reaffirmed a neutral rating and set a $84.00 price target (up previously from $73.00) on shares of Hilton Worldwide in a research note on Wednesday. Finally, FBR & Co reaffirmed a neutral rating and set a $73.00 price target on shares of Hilton Worldwide in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Hilton Worldwide currently has an average rating of Buy and an average price target of $80.61.
Hilton Worldwide (NYSE HLT) opened at $83.27 on Thursday. The company has a market cap of $26,323.15, a P/E ratio of 21.41, a P/E/G ratio of 5.81 and a beta of 1.32. The company has a debt-to-equity ratio of 3.16, a current ratio of 0.90 and a quick ratio of 0.94. Hilton Worldwide has a 52 week low of $55.79 and a 52 week high of $88.11.
Hilton Worldwide announced that its board has authorized a stock buyback program on Thursday, November 16th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, March 1st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 15.42%.
Several institutional investors and hedge funds have recently bought and sold shares of HLT. QS Investors LLC grew its holdings in Hilton Worldwide by 749.6% in the second quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after purchasing an additional 2,084 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new stake in Hilton Worldwide in the third quarter worth $151,000. Hilton Capital Management LLC acquired a new stake in Hilton Worldwide in the third quarter worth $208,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Hilton Worldwide in the third quarter worth $208,000. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in Hilton Worldwide in the fourth quarter worth $208,000. Institutional investors own 99.29% of the company’s stock.
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About Hilton Worldwide
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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