Hilton Worldwide (NYSE:HLT) had its target price hoisted by Deutsche Bank from $92.00 to $94.00 in a research note released on Friday morning, The Fly reports. The brokerage currently has a buy rating on the stock.
Other research analysts have also recently issued reports about the stock. TheStreet raised shares of Hilton Worldwide from a c rating to a b rating in a report on Wednesday, February 14th. Royal Bank of Canada reaffirmed a buy rating and set a $93.00 target price on shares of Hilton Worldwide in a report on Tuesday, February 27th. Zacks Investment Research raised shares of Hilton Worldwide from a hold rating to a buy rating and set a $88.00 target price on the stock in a report on Wednesday, March 7th. SunTrust Banks raised their target price on shares of Hilton Worldwide to $92.00 and gave the stock a buy rating in a report on Thursday, February 15th. Finally, ValuEngine raised shares of Hilton Worldwide from a hold rating to a buy rating in a report on Thursday, April 12th. Eleven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $83.00.
Hilton Worldwide stock traded up $0.35 during trading hours on Friday, hitting $82.33. The company had a trading volume of 2,257,557 shares, compared to its average volume of 6,926,291. The stock has a market cap of $25,915.36, a P/E ratio of 41.17, a P/E/G ratio of 6.23 and a beta of 1.33. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.16. Hilton Worldwide has a one year low of $57.15 and a one year high of $88.11.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 2nd were paid a $0.15 dividend. The ex-dividend date was Thursday, March 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.73%. Hilton Worldwide’s dividend payout ratio (DPR) is 30.00%.
In related news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of Hilton Worldwide stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $73.00, for a total value of $4,818,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.
A number of large investors have recently made changes to their positions in HLT. Arrowstreet Capital Limited Partnership bought a new position in Hilton Worldwide in the fourth quarter valued at approximately $73,431,000. BlackRock Inc. boosted its position in Hilton Worldwide by 7.2% in the fourth quarter. BlackRock Inc. now owns 12,876,314 shares of the company’s stock valued at $1,028,303,000 after buying an additional 862,504 shares in the last quarter. Two Sigma Advisers LP boosted its position in Hilton Worldwide by 203.6% in the fourth quarter. Two Sigma Advisers LP now owns 986,040 shares of the company’s stock valued at $78,745,000 after buying an additional 661,206 shares in the last quarter. Cbre Clarion Securities LLC boosted its position in Hilton Worldwide by 54.0% in the fourth quarter. Cbre Clarion Securities LLC now owns 1,460,632 shares of the company’s stock valued at $116,646,000 after buying an additional 511,991 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its position in Hilton Worldwide by 300.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 494,777 shares of the company’s stock valued at $39,513,000 after buying an additional 371,101 shares in the last quarter. 98.70% of the stock is currently owned by institutional investors and hedge funds.
About Hilton Worldwide
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.
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