Hilton Worldwide Holdings Inc. (NYSE:HLT) Receives $212.22 Average Price Target from Analysts

Hilton Worldwide Holdings Inc. (NYSE:HLT) has been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are presently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $212.22.

HLT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Barclays reduced their target price on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Macquarie boosted their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Susquehanna began coverage on shares of Hilton Worldwide in a research note on Friday, June 21st. They set a “neutral” rating and a $215.00 target price for the company. Finally, Robert W. Baird reduced their price target on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th.

Institutional Investors Weigh In On Hilton Worldwide

A number of large investors have recently made changes to their positions in HLT. EdgeRock Capital LLC acquired a new stake in shares of Hilton Worldwide during the fourth quarter valued at approximately $25,000. Independence Bank of Kentucky raised its holdings in shares of Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 50 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Hilton Worldwide during the fourth quarter valued at approximately $28,000. Raleigh Capital Management Inc. raised its holdings in shares of Hilton Worldwide by 48.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after acquiring an additional 56 shares during the period. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Hilton Worldwide during the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Down 1.3 %

Shares of NYSE:HLT opened at $213.19 on Monday. Hilton Worldwide has a fifty-two week low of $146.00 and a fifty-two week high of $229.03. The firm has a 50-day simple moving average of $214.61 and a 200 day simple moving average of $208.86. The company has a market cap of $53.31 billion, a PE ratio of 46.35, a P/E/G ratio of 2.41 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, research analysts forecast that Hilton Worldwide will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

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.