Hilton Worldwide (NYSE:HLT) Price Target Raised to $400.00

Hilton Worldwide (NYSE:HLT) had its price target boosted by Citigroup from $335.00 to $400.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts also recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $390.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, October 28th. JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $365.00 to $387.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. TD Cowen upgraded Hilton Worldwide to a “strong-buy” rating in a report on Tuesday, September 8th. CICC Research started coverage on Hilton Worldwide in a research note on Wednesday, August 12th. They issued an “outperform” rating on the stock. Finally, Susquehanna increased their price target on Hilton Worldwide from $345.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $365.08.

Hilton Worldwide Stock Down 1.8%

Shares of NYSE HLT opened at $369.64 on Tuesday. The company has a market capitalization of $82.24 billion, a PE ratio of 42.64, a P/E/G ratio of 2.95 and a beta of 1.08. Hilton Worldwide has a twelve month low of $263.66 and a twelve month high of $381.34. The firm has a fifty day simple moving average of $328.13 and a 200 day simple moving average of $322.12.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Hilton Worldwide had a net margin of 13.40% and a negative return on equity of 33.78%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the firm posted $2.11 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts expect that Hilton Worldwide will post 9.17 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is currently 8.11%.

Insider Transactions at Hilton Worldwide

In related news, insider Laura Fuentes sold 7,289 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $309.81, for a total value of $2,258,205.09. Following the completion of the sale, the insider directly owned 33,458 shares of the company’s stock, valued at $10,365,622.98. The trade was a 17.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Chris Carr sold 439 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $310.34, for a total value of $136,239.26. Following the completion of the sale, the director directly owned 8,252 shares of the company’s stock, valued at $2,560,925.68. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 158,778 shares of company stock valued at $56,196,944 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hilton Worldwide

A number of hedge funds have recently added to or reduced their stakes in the company. King Luther Capital Management Corp increased its position in shares of Hilton Worldwide by 2.9% during the third quarter. King Luther Capital Management Corp now owns 5,870 shares of the company’s stock valued at $1,867,000 after acquiring an additional 168 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in Hilton Worldwide by 10.7% during the third quarter. Maryland State Retirement & Pension System now owns 13,323 shares of the company’s stock worth $4,238,000 after acquiring an additional 1,291 shares during the period. Ritholtz Wealth Management boosted its position in Hilton Worldwide by 89.8% in the third quarter. Ritholtz Wealth Management now owns 16,412 shares of the company’s stock worth $5,221,000 after purchasing an additional 7,767 shares during the last quarter. Joel Isaacson & Co. LLC boosted its position in Hilton Worldwide by 11.4% in the third quarter. Joel Isaacson & Co. LLC now owns 1,010 shares of the company’s stock worth $321,000 after purchasing an additional 103 shares during the last quarter. Finally, Jacobi Capital Management LLC bought a new position in Hilton Worldwide in the 3rd quarter valued at $97,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.