Barclays Boosts Hilton Worldwide (NYSE:HLT) Price Target to $204.00

Hilton Worldwide (NYSE:HLTFree Report) had its price objective hoisted by Barclays from $200.00 to $204.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms also recently weighed in on HLT. Jefferies Financial Group boosted their target price on Hilton Worldwide from $157.00 to $182.00 and gave the stock a hold rating in a research report on Tuesday, January 2nd. HSBC started coverage on Hilton Worldwide in a research report on Monday, October 23rd. They issued a buy rating and a $191.00 target price for the company. Morgan Stanley boosted their target price on Hilton Worldwide from $182.00 to $183.00 and gave the stock an overweight rating in a research report on Thursday, October 26th. Truist Financial boosted their target price on Hilton Worldwide from $172.00 to $175.00 and gave the stock a hold rating in a research report on Thursday, October 26th. Finally, Evercore ISI reiterated an in-line rating and issued a $200.00 price objective on shares of Hilton Worldwide in a research report on Monday, February 5th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $176.93.

Check Out Our Latest Stock Analysis on HLT

Hilton Worldwide Stock Down 1.2 %

HLT stock opened at $192.16 on Thursday. The firm has a market capitalization of $48.46 billion, a PE ratio of 44.38, a PEG ratio of 1.74 and a beta of 1.26. Hilton Worldwide has a twelve month low of $129.86 and a twelve month high of $198.15. The stock has a 50-day simple moving average of $183.23 and a two-hundred day simple moving average of $164.63.

Hilton Worldwide (NYSE:HLTGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $1.59 EPS. On average, equities research analysts anticipate that Hilton Worldwide will post 7.1 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

Hilton Worldwide declared that its board has initiated a stock buyback plan on Thursday, November 9th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 7.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was 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 $496,338,015.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Hilton Worldwide news, insider Christopher W. Silcock sold 10,863 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $166.61, for a total value of $1,809,884.43. Following the sale, the insider now directly owns 58,256 shares of the company’s stock, valued at $9,706,032.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Hilton Worldwide

Several hedge funds have recently added to or reduced their stakes in HLT. Norges Bank bought a new stake in Hilton Worldwide in the fourth quarter worth $337,490,000. T. Rowe Price Investment Management Inc. boosted its holdings in Hilton Worldwide by 36.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,237,885 shares of the company’s stock worth $1,167,300,000 after acquiring an additional 2,480,451 shares in the last quarter. D1 Capital Partners L.P. bought a new stake in Hilton Worldwide in the second quarter worth $297,849,000. Deutsche Bank AG boosted its holdings in Hilton Worldwide by 181.1% in the third quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock worth $391,640,000 after acquiring an additional 1,680,156 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Hilton Worldwide by 20.2% in the second quarter. Capital International Investors now owns 8,997,402 shares of the company’s stock worth $1,309,205,000 after acquiring an additional 1,511,828 shares in the last quarter. 94.71% of the stock is owned by institutional investors.

Hilton Worldwide Company Profile

(Get Free Report)

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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.

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Analyst Recommendations for Hilton Worldwide (NYSE:HLT)

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