Hilton Worldwide (NYSE:HLT) PT Raised to $240.00

Hilton Worldwide (NYSE:HLT) had its price objective increased by Evercore ISI from $210.00 to $240.00 in a report released on Monday, Benzinga reports. They currently have an in-line rating on the stock.

HLT has been the topic of several other research reports. Truist Financial dropped their price objective on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Bank of America lifted their price objective on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. The Goldman Sachs Group started coverage on Hilton Worldwide in a research note on Wednesday, September 18th. They set a “buy” rating and a $245.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Hold” and a consensus price target of $223.21.

Hilton Worldwide Trading Up 0.7 %

Shares of HLT opened at $235.17 on Monday. The stock has a market cap of $58.80 billion, a P/E ratio of 51.12, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a 1 year low of $147.58 and a 1 year high of $240.00. The stock’s 50-day moving average price is $224.51 and its two-hundred day moving average price is $213.94.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm earned $1.67 EPS. Hilton Worldwide’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts forecast that Hilton Worldwide will post 7.05 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s payout ratio is presently 13.04%.

Insider Transactions at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HLT. GHP Investment Advisors Inc. bought a new position in Hilton Worldwide during the 3rd quarter worth $25,000. Independence Bank of Kentucky raised its stake in Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 50 shares in the last quarter. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide during the 2nd quarter worth approximately $33,000. Pinnacle Bancorp Inc. bought a new position in shares of Hilton Worldwide during the first quarter worth approximately $34,000. Finally, Manchester Capital Management LLC boosted its stake in shares of Hilton Worldwide by 247.8% in the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after buying an additional 114 shares during the period. 95.90% of the stock is owned by 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.