Hilton Worldwide (NYSE:HLT) Price Target Raised to $216.00

Hilton Worldwide (NYSE:HLT) had its price objective hoisted by Barclays from $204.00 to $216.00 in a report released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts also recently issued reports about the company. Macquarie increased their price target on Hilton Worldwide from $190.00 to $192.00 and gave the company a neutral rating in a report on Friday, February 9th. Robert W. Baird increased their price target on Hilton Worldwide from $210.00 to $212.00 and gave the company an outperform rating in a report on Thursday, March 21st. Truist Financial reiterated a hold rating and issued a $199.00 price target on shares of Hilton Worldwide in a report on Wednesday, March 20th. Bank of America increased their price target on Hilton Worldwide from $215.00 to $225.00 and gave the company a buy rating in a report on Friday, March 15th. Finally, HSBC increased their price target on Hilton Worldwide from $219.00 to $254.00 and gave the company a buy rating in a report on Wednesday, April 3rd. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $201.94.

Hilton Worldwide Stock Down 2.2 %

HLT stock opened at $194.47 on Friday. The company has a market cap of $48.88 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 1.76 and a beta of 1.25. The business has a fifty day simple moving average of $205.13 and a 200-day simple moving average of $183.05. Hilton Worldwide has a 52 week low of $134.43 and a 52 week high of $215.79.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the firm posted $1.59 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, analysts expect that Hilton Worldwide will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.86%.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the transaction, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in Hilton Worldwide during the third quarter worth approximately $25,000. EdgeRock Capital LLC bought a new position in shares of Hilton Worldwide in the fourth quarter valued at $25,000. Activest Wealth Management bought a new position in shares of Hilton Worldwide in the fourth quarter valued at $26,000. Independence Bank of Kentucky increased its holdings in shares of Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 50 shares in the last quarter. Finally, Frazier Financial Advisors LLC bought a new position in shares of Hilton Worldwide in the fourth quarter valued at $28,000. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Company Profile

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.