Hilton Hotels (HLT) Rating Increased to Buy at Argus

Argus upgraded shares of Hilton Hotels (NYSE:HLT) from a hold rating to a buy rating in a research report sent to investors on Thursday, Marketbeat Ratings reports. Argus currently has $96.00 price target on the stock.

A number of other analysts have also weighed in on HLT. Zacks Investment Research upgraded Hilton Hotels from a sell rating to a hold rating in a research note on Thursday, January 24th. ValuEngine lowered Hilton Hotels from a buy rating to a hold rating in a research note on Friday, January 4th. Morgan Stanley set a $73.00 target price on Hilton Hotels and gave the company a hold rating in a research note on Thursday, December 20th. Cowen set a $81.00 target price on Hilton Hotels and gave the company a buy rating in a research note on Thursday, February 14th. Finally, Royal Bank of Canada lifted their price objective on Hilton Hotels from $84.00 to $93.00 and gave the stock an outperform rating in a research report on Tuesday, February 19th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $86.45.

Shares of NYSE:HLT traded up $0.76 during midday trading on Thursday, reaching $85.76. The company’s stock had a trading volume of 63,426 shares, compared to its average volume of 2,869,575. Hilton Hotels has a fifty-two week low of $63.76 and a fifty-two week high of $85.87. The firm has a market cap of $24.43 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 13.02, a quick ratio of 0.76 and a current ratio of 0.76.



Hilton Hotels (NYSE:HLT) last announced its earnings results on Wednesday, February 13th. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. Hilton Hotels had a return on equity of 98.93% and a net margin of 8.58%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, analysts anticipate that Hilton Hotels will post 3.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be given a $0.15 dividend. The ex-dividend date is Thursday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.70%. Hilton Hotels’s payout ratio is 21.51%.

In related news, insider Kevin J. Jacobs sold 53,023 shares of Hilton Hotels stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $81.30, for a total value of $4,310,769.90. Following the completion of the sale, the insider now directly owns 252,856 shares in the company, valued at $20,557,192.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.70% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of HLT. Flagship Harbor Advisors LLC grew its position in shares of Hilton Hotels by 100.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 465 shares of the company’s stock worth $33,000 after buying an additional 233 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Hilton Hotels by 3,751.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,470,853 shares of the company’s stock worth $34,000 after buying an additional 2,406,698 shares during the period. Lindbrook Capital LLC acquired a new position in shares of Hilton Hotels during the 4th quarter worth about $37,000. Arbor Wealth Management LLC acquired a new position in shares of Hilton Hotels during the 4th quarter worth about $41,000. Finally, We Are One Seven LLC acquired a new position in shares of Hilton Hotels during the 4th quarter worth about $55,000. Institutional investors own 99.75% of the company’s stock.

Hilton Hotels Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, Hilton Wen'an, and Hilton Grand Vacations brands.

Further Reading: Growth Stocks

Analyst Recommendations for Hilton Hotels (NYSE:HLT)

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