Hilton Worldwide Holdings Inc. (HLT) Price Target Raised to $67.00
Hilton Worldwide Holdings Inc. (NYSE:HLT) had its target price boosted by Telsey Advisory Group from $61.00 to $67.00 in a report issued on Wednesday, MarketBeat reports. They currently have a market perform rating on the stock.
HLT has been the subject of a number of other reports. FBR & Co increased their price target on Hilton Worldwide Holdings from $65.00 to $67.00 and gave the company an outperform rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada increased their price target on Hilton Worldwide Holdings from $62.00 to $71.00 and gave the company an outperform rating in a research note on Monday, June 12th. Guggenheim assumed coverage on Hilton Worldwide Holdings in a research note on Wednesday, April 26th. They issued a neutral rating for the company. Zacks Investment Research upgraded Hilton Worldwide Holdings from a hold rating to a buy rating and set a $69.00 price target for the company in a research note on Tuesday, July 11th. Finally, J P Morgan Chase & Co reiterated an overweight rating and issued a $70.00 price target (up from $67.00) on shares of Hilton Worldwide Holdings in a research note on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $71.33.
Hilton Worldwide Holdings (NYSE HLT) traded down 0.16% during trading on Wednesday, hitting $62.46. The stock had a trading volume of 1,184,767 shares. The stock has a market capitalization of $20.25 billion, a PE ratio of 520.50 and a beta of 1.30. The stock’s 50-day moving average is $63.51 and its 200-day moving average is $60.37. Hilton Worldwide Holdings has a 52-week low of $44.73 and a 52-week high of $67.79.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. Hilton Worldwide Holdings had a return on equity of 19.65% and a net margin of 0.39%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the business posted $0.25 EPS. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. On average, analysts predict that Hilton Worldwide Holdings will post $1.83 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, August 18th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, August 16th. Hilton Worldwide Holdings’s dividend payout ratio is presently 461.33%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning raised its position in shares of Hilton Worldwide Holdings by 51.7% in the second quarter. Creative Planning now owns 3,723 shares of the company’s stock worth $230,000 after buying an additional 1,269 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Hilton Worldwide Holdings during the second quarter worth $414,000. State of Alaska Department of Revenue raised its stake in Hilton Worldwide Holdings by 68.8% in the second quarter. State of Alaska Department of Revenue now owns 6,747 shares of the company’s stock valued at $417,000 after buying an additional 2,750 shares during the period. LS Investment Advisors LLC raised its stake in Hilton Worldwide Holdings by 259.6% in the second quarter. LS Investment Advisors LLC now owns 7,565 shares of the company’s stock valued at $468,000 after buying an additional 5,461 shares during the period. Finally, ING Groep NV bought a new stake in Hilton Worldwide Holdings during the second quarter valued at approximately $649,000.
About Hilton Worldwide Holdings
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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