Hilton Worldwide (NYSE:HLT) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Hilton Worldwide (NYSE:HLT) in a report issued on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $245.00 price target on the stock.

A number of other equities analysts have also recently weighed in on HLT. Truist Financial decreased their price target on Hilton Worldwide from $209.00 to $208.00 and set a hold rating for the company in a report on Thursday, August 8th. Barclays decreased their price target on Hilton Worldwide from $228.00 to $224.00 and set an overweight rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their target price on Hilton Worldwide from $185.00 to $181.00 and set a hold rating on the stock in a research report on Thursday, August 8th. Macquarie upped their target price on Hilton Worldwide from $205.00 to $208.00 and gave the company a neutral rating in a research report on Wednesday, August 7th. Finally, Susquehanna began coverage on Hilton Worldwide in a research report on Friday, June 21st. They issued a neutral rating and a $215.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $213.95.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT opened at $220.98 on Wednesday. Hilton Worldwide has a 1 year low of $146.00 and a 1 year high of $229.03. The stock has a market capitalization of $55.26 billion, a P/E ratio of 48.04, a PEG ratio of 2.32 and a beta of 1.31. The stock has a 50-day simple moving average of $214.68 and a 200-day simple moving average of $209.67.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. Hilton Worldwide’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 EPS. Analysts predict that Hilton Worldwide will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Hilton Worldwide’s payout ratio is 13.04%.

Insider Transactions at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HLT. Gilbert & Cook Inc. boosted its stake in Hilton Worldwide by 7.1% during the fourth quarter. Gilbert & Cook Inc. now owns 6,521 shares of the company’s stock valued at $1,187,000 after buying an additional 433 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in Hilton Worldwide by 168.4% during the fourth quarter. Gryphon Financial Partners LLC now owns 4,994 shares of the company’s stock valued at $909,000 after buying an additional 3,133 shares in the last quarter. Independent Advisor Alliance boosted its stake in Hilton Worldwide by 29.3% during the fourth quarter. Independent Advisor Alliance now owns 1,861 shares of the company’s stock valued at $339,000 after buying an additional 422 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Hilton Worldwide by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 69,125 shares of the company’s stock valued at $12,587,000 after buying an additional 648 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in Hilton Worldwide by 3.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,860 shares of the company’s stock valued at $521,000 after buying an additional 93 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Company Profile

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.