Hilton Worldwide (NYSE:HLT) Earns Hold Rating from Melius Research

by · The Markets Daily

Melius Research restated their hold rating on shares of Hilton Worldwide (NYSE:HLT – Free Report) in a research report report published on Monday morning, Marketbeat reports.

A number of other equities research analysts have also recently commented on the stock. Barclays lifted their price target on shares of Hilton Worldwide from $224.00 to $244.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Bank of America increased their price target on Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Robert W. Baird set a $235.00 price objective on shares of Hilton Worldwide in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered their price target 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. Finally, Truist Financial cut their price objective on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $223.21.

Read Our Latest Stock Report on Hilton Worldwide

Hilton Worldwide Trading Up 0.7 %

Shares of Hilton Worldwide stock opened at $235.17 on Monday. The business’s fifty day simple moving average is $224.51 and its 200 day simple moving average is $213.94. Hilton Worldwide has a 12 month low of $147.58 and a 12 month high of $240.00. The firm has a market capitalization 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 (NYSE:HLT – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 EPS. Analysts predict that Hilton Worldwide will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the transaction, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HLT. GHP Investment Advisors Inc. purchased a new position in shares of Hilton Worldwide in the third quarter valued at about $25,000. Independence Bank of Kentucky increased its holdings in Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares during the period. EdgeRock Capital LLC bought a new position in Hilton Worldwide during the 2nd quarter valued at approximately $33,000. Pinnacle Bancorp Inc. purchased a new stake in Hilton Worldwide in the 1st quarter worth approximately $34,000. Finally, Manchester Capital Management LLC grew its position in shares of Hilton Worldwide by 247.8% in the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after buying an additional 114 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

About Hilton Worldwide

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

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