Hilton Worldwide Holdings Inc. (NYSE:HLT) Receives $230.59 Average PT from Analysts

Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) have been given an average rating of “Hold” by the nineteen research firms that are presently covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $232.65.

Several brokerages have weighed in on HLT. Bank of America upped their price objective on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. TD Cowen decreased their price target on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Evercore ISI lifted their price objective on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Truist Financial raised their target price on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Finally, Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value of $3,384,375.61. Following the sale, the insider now owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This trade represents a 38.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

Institutional investors have recently bought and sold shares of the company. GHP Investment Advisors Inc. bought a new stake in shares of Hilton Worldwide during the 3rd quarter worth approximately $25,000. EdgeRock Capital LLC bought a new stake in Hilton Worldwide in the 2nd quarter valued at $33,000. Groupama Asset Managment lifted its holdings in Hilton Worldwide by 37.8% during the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after purchasing an additional 4,118 shares during the last quarter. NewSquare Capital LLC bought a new position in Hilton Worldwide in the 2nd quarter valued at about $37,000. Finally, Family Firm Inc. acquired a new stake in Hilton Worldwide during the second quarter worth approximately $38,000. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Trading Down 1.2 %

HLT opened at $252.78 on Wednesday. The business has a 50 day moving average of $244.57 and a 200-day moving average of $225.09. The stock has a market capitalization of $61.62 billion, a price-to-earnings ratio of 54.48, a P/E/G ratio of 3.23 and a beta of 1.30. Hilton Worldwide has a 1-year low of $175.80 and a 1-year high of $259.01.

Hilton Worldwide (NYSE:HLT) last posted 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. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that Hilton Worldwide will post 7 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 12.88%.

Hilton Worldwide announced that its Board of Directors has approved a stock buyback program on Thursday, November 14th that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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.