Hilton Worldwide (NYSE:HLT) PT Raised to $219.00 at Barclays

Hilton Worldwide (NYSE:HLT) had its price target hoisted by Barclays from $216.00 to $219.00 in a research report released on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Evercore ISI lifted their target price on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an in-line rating in a research note on Wednesday, March 20th. HSBC lifted their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a buy rating in a research note on Wednesday, April 3rd. Truist Financial reiterated a hold rating and issued a $199.00 target price on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Mizuho cut their target price on shares of Hilton Worldwide from $245.00 to $242.00 and set a buy rating for the company in a research note on Tuesday, April 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an equal weight rating in a research note on Wednesday, March 20th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide presently has an average rating of Moderate Buy and a consensus price target of $207.59.

Hilton Worldwide Trading Down 0.9 %

NYSE HLT opened at $202.12 on Thursday. The stock’s 50 day moving average is $205.79 and its two-hundred day moving average is $185.04. The company has a market capitalization of $50.54 billion, a price-to-earnings ratio of 43.94, a PEG ratio of 1.79 and a beta of 1.25. Hilton Worldwide has a 1-year low of $134.43 and a 1-year high of $215.79.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. 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 business earned $1.24 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that Hilton Worldwide will post 7.07 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, May 16th. Hilton Worldwide’s payout ratio is 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in HLT. OFI Invest Asset Management acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at $25,000. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at $25,000. Activest Wealth Management acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at $26,000. Independence Bank of Kentucky grew its holdings in shares of Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 50 shares during the period. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

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.