Hilton Worldwide Holdings Inc. (HLT) To Go Ex-Dividend on November 15th

Hilton Worldwide Holdings Inc. (NYSE:HLT) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.15 per share on Friday, December 27th. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, November 15th.

Hilton Worldwide has raised its dividend payment by an average of 58.7% annually over the last three years. Hilton Worldwide has a dividend payout ratio of 7.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hilton Worldwide to earn $8.09 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 7.4%.

Hilton Worldwide Stock Performance

Shares of HLT opened at $235.17 on Friday. Hilton Worldwide has a 52-week low of $147.58 and a 52-week high of $240.00. The firm has a market cap of $58.80 billion, a price-to-earnings ratio of 51.12, a PEG ratio of 2.60 and a beta of 1.31. The business’s fifty day moving average is $224.51 and its 200-day moving average is $213.94.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, research analysts forecast that Hilton Worldwide will post 7.05 EPS for the current fiscal year.

Insider Activity at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HLT. JPMorgan Chase & Co. boosted their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Macquarie boosted their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Robert W. Baird lifted their price target on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday. Mizuho upped their price objective on Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Wells Fargo & Company decreased their price target on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $223.21.

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.