Deutsche Bank Aktiengesellschaft Raises Hilton Worldwide (NYSE:HLT) Price Target to $185.00

Hilton Worldwide (NYSE:HLT) had its target price boosted by Deutsche Bank Aktiengesellschaft from $176.00 to $185.00 in a report published on Thursday, Benzinga reports. They currently have a hold rating on the stock.

HLT has been the topic of a number of other reports. HSBC lifted their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a buy rating in a research note on Wednesday, April 3rd. Jefferies Financial Group boosted their price target on shares of Hilton Worldwide from $157.00 to $182.00 and gave the company a hold rating in a research note on Tuesday, January 2nd. Macquarie reissued a neutral rating and issued a $192.00 price target on shares of Hilton Worldwide in a research note on Wednesday. UBS Group boosted their price target on shares of Hilton Worldwide from $190.00 to $237.00 and gave the company a buy rating in a research note on Wednesday, February 28th. Finally, Truist Financial reissued a hold rating and issued a $199.00 price target on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $207.59.

Hilton Worldwide Price Performance

Shares of HLT stock opened at $202.12 on Thursday. The firm’s 50-day moving average is $205.79 and its two-hundred day moving average is $185.04. Hilton Worldwide has a 12 month low of $134.43 and a 12 month high of $215.79. The company has a market capitalization of $50.54 billion, a PE ratio of 43.94, a price-to-earnings-growth ratio of 1.79 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the firm earned $1.24 earnings per share. Hilton Worldwide’s quarterly revenue was up 12.2% compared to the same quarter last year. Sell-side analysts forecast that Hilton Worldwide will post 7.07 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Insider Buying and Selling at Hilton Worldwide

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

Institutional Investors Weigh In On Hilton Worldwide

A number of large investors have recently modified their holdings of HLT. CWM LLC grew its position in shares of Hilton Worldwide by 11.7% in the 3rd quarter. CWM LLC now owns 3,995 shares of the company’s stock valued at $600,000 after buying an additional 419 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Hilton Worldwide in the 3rd quarter valued at $31,000. Czech National Bank grew its position in shares of Hilton Worldwide by 45.9% in the 3rd quarter. Czech National Bank now owns 45,708 shares of the company’s stock valued at $6,864,000 after buying an additional 14,381 shares during the last quarter. Birch Hill Investment Advisors LLC grew its position in shares of Hilton Worldwide by 11.2% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 6,653 shares of the company’s stock valued at $999,000 after buying an additional 668 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in shares of Hilton Worldwide by 6.1% in the 3rd quarter. Ballentine Partners LLC now owns 3,704 shares of the company’s stock valued at $556,000 after buying an additional 212 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

About Hilton Worldwide

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.