Robert W. Baird reiterated their buy rating on shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in a research report sent to investors on Friday, October 27th. Robert W. Baird currently has a $78.00 price objective on the stock.
HLT has been the subject of a number of other reports. FBR & Co reiterated a neutral rating and issued a $73.00 price target on shares of Hilton Worldwide Holdings in a report on Thursday, October 26th. Royal Bank of Canada restated a buy rating and set a $70.00 price objective on shares of Hilton Worldwide Holdings in a research report on Friday, September 22nd. Berenberg Bank restated a sell rating and set a $47.00 price objective on shares of Hilton Worldwide Holdings in a research report on Thursday, July 27th. Zacks Investment Research upgraded Hilton Worldwide Holdings from a hold rating to a buy rating and set a $77.00 price objective for the company in a research report on Wednesday, September 27th. Finally, Barclays PLC boosted their price target on Hilton Worldwide Holdings from $63.00 to $64.00 and gave the stock an equal weight rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $73.05.
Shares of Hilton Worldwide Holdings (HLT) traded up $0.64 during trading hours on Friday, hitting $72.69. The company had a trading volume of 2,117,600 shares, compared to its average volume of 2,704,680. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53. Hilton Worldwide Holdings has a 1-year low of $48.08 and a 1-year high of $73.76. The stock has a market cap of $23,052.50, a P/E ratio of 33.36, a P/E/G ratio of 7.57 and a beta of 1.31.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. Hilton Worldwide Holdings had a return on equity of 27.32% and a net margin of 0.33%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $0.41 EPS. Hilton Worldwide Holdings’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities research analysts expect that Hilton Worldwide Holdings will post 1.9 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is presently 545.45%.
In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $69.11, for a total transaction of $1,077,851,654.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.
A number of large investors have recently made changes to their positions in HLT. QS Investors LLC boosted its stake in Hilton Worldwide Holdings by 749.6% during the 2nd quarter. QS Investors LLC now owns 2,362 shares of the company’s stock valued at $146,000 after purchasing an additional 2,084 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in Hilton Worldwide Holdings in the 3rd quarter valued at approximately $151,000. Commonwealth Bank of Australia raised its holdings in Hilton Worldwide Holdings by 255.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock valued at $185,000 after acquiring an additional 2,173 shares in the last quarter. Hilton Capital Management LLC acquired a new position in Hilton Worldwide Holdings in the 3rd quarter valued at approximately $208,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Hilton Worldwide Holdings in the 3rd quarter valued at approximately $208,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.
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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