Shares of Hilton Worldwide Holdings Inc (NYSE:HLT) have been assigned an average rating of “Buy” from the twenty-four ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $74.06.
HLT has been the subject of several research analyst reports. Barclays increased their price objective on Hilton Worldwide from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Raymond James Financial raised Hilton Worldwide from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the stock from $78.00 to $69.00 in a research note on Monday. Morgan Stanley reissued a “buy” rating on shares of Hilton Worldwide in a research note on Friday, December 8th. FBR & Co reissued a “neutral” rating and issued a $73.00 price objective on shares of Hilton Worldwide in a research note on Thursday, October 26th. Finally, Wells Fargo & Co downgraded Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $78.00 price objective for the company. in a research note on Monday, November 6th.
Hedge funds have recently modified their holdings of the business. Moisand Fitzgerald Tamayo LLC acquired a new position in Hilton Worldwide in the 3rd quarter worth about $151,000. QS Investors LLC increased its position in Hilton Worldwide by 749.6% in the 2nd quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after purchasing an additional 2,084 shares during the last quarter. Hilton Capital Management LLC acquired a new position in Hilton Worldwide in the 3rd quarter worth about $208,000. Fuller & Thaler Asset Management Inc. acquired a new position in Hilton Worldwide in the 3rd quarter worth about $208,000. Finally, Commonwealth Bank of Australia increased its position in Hilton Worldwide by 255.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock worth $185,000 after purchasing an additional 2,173 shares during the last quarter. 99.19% of the stock is currently owned by institutional investors.
Hilton Worldwide (NYSE:HLT) last announced its earnings results on Thursday, October 26th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. Hilton Worldwide had a return on equity of 27.32% and a net margin of 0.33%. Hilton Worldwide’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. sell-side analysts anticipate that Hilton Worldwide will post 1.9 EPS for the current year.
Hilton Worldwide declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 16th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, November 17th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, November 16th. Hilton Worldwide’s payout ratio is currently 600.00%.
Hilton Worldwide Company Profile
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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