Hilton Worldwide (NYSE:HLT) PT Raised to $244.00 at Barclays

Hilton Worldwide (NYSE:HLT) had its target price boosted by Barclays from $224.00 to $244.00 in a research note published on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently commented on HLT. Robert W. Baird dropped their target price on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group initiated coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective for the company. Truist Financial reduced their target price on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Bank of America upped 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. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $219.47.

Hilton Worldwide Price Performance

NYSE HLT opened at $237.03 on Friday. Hilton Worldwide has a 1 year low of $146.36 and a 1 year high of $240.00. The stock has a market capitalization of $59.27 billion, a PE ratio of 51.53, a PEG ratio of 2.60 and a beta of 1.31. The business’s 50-day moving average is $223.34 and its 200 day moving average is $213.62.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $1.63 EPS. As a group, equities research analysts anticipate that Hilton Worldwide will post 7.05 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 23rd were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.60 annualized dividend and a yield of 0.25%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insiders Place Their Bets

In related 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 transaction of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd purchased a new position in shares of Hilton Worldwide in the 1st quarter worth $2,792,000. AIA Group Ltd grew its stake in shares of Hilton Worldwide by 43.4% during the 1st quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after purchasing an additional 4,265 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Hilton Worldwide by 3.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock worth $29,375,000 after purchasing an additional 4,677 shares during the period. PGGM Investments boosted its holdings in shares of Hilton Worldwide by 337.6% in the second quarter. PGGM Investments now owns 14,378 shares of the company’s stock worth $3,137,000 after buying an additional 11,092 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Hilton Worldwide by 25.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock valued at $13,219,000 after buying an additional 12,740 shares during the period. Hedge funds and other 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.