Hilton Worldwide Holdings Inc. (NYSE:HLT) Receives $252.71 Consensus Target Price from Brokerages

Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) have been given a consensus recommendation of “Hold” by the nineteen brokerages that are covering the stock, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $254.53.

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Barclays boosted their target price on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Wells Fargo & Company increased their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Morgan Stanley boosted their price objective on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Finally, Raymond James increased their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Monday, February 10th.

Hilton Worldwide Trading Down 1.2 %

Shares of NYSE:HLT opened at $232.10 on Friday. The stock has a market capitalization of $55.84 billion, a P/E ratio of 37.74, a P/E/G ratio of 2.86 and a beta of 1.29. Hilton Worldwide has a 1-year low of $193.86 and a 1-year high of $275.22. The business has a 50-day moving average price of $251.36 and a two-hundred day moving average price of $244.61.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. As a group, equities analysts predict that Hilton Worldwide will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s dividend payout ratio is 9.76%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the sale, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

A number of large investors have recently made changes to their positions in HLT. Wilmington Savings Fund Society FSB bought a new stake in Hilton Worldwide in the 3rd quarter valued at about $765,000. Jones Financial Companies Lllp increased its stake in shares of Hilton Worldwide by 194.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock valued at $651,000 after purchasing an additional 1,740 shares during the last quarter. Amundi grew its position in Hilton Worldwide by 24.2% in the fourth quarter. Amundi now owns 953,938 shares of the company’s stock valued at $232,098,000 after acquiring an additional 185,765 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hilton Worldwide by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock valued at $55,774,000 after purchasing an additional 4,846 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Hilton Worldwide by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock worth $1,012,069,000 after purchasing an additional 121,900 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.