Hilton Worldwide (NYSE:HLT) Price Target Raised to $244.00 at Barclays

Hilton Worldwide (NYSE:HLT) had its price objective hoisted by Barclays from $224.00 to $244.00 in a report released on Friday, Benzinga reports. The firm currently has an overweight rating on the stock.

HLT has been the subject of a number of other research reports. Bank of America increased their price target on shares of Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. raised their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. The Goldman Sachs Group began coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 target price on the stock. Truist Financial reduced their price target on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Finally, Macquarie increased their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $216.05.

Hilton Worldwide Trading Up 0.1 %

Hilton Worldwide stock opened at $238.81 on Friday. The business’s fifty day simple moving average is $222.71 and its two-hundred day simple moving average is $213.39. The company has a market capitalization of $59.71 billion, a price-to-earnings ratio of 51.92, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a 12 month low of $146.36 and a 12 month high of $240.00.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $1.63 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that Hilton Worldwide will post 7.05 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. Hilton Worldwide’s payout ratio is 13.04%.

Insiders Place Their Bets

In related news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in Hilton Worldwide by 2.1% in the 2nd quarter. Principal Financial Group Inc. now owns 9,326,879 shares of the company’s stock valued at $2,035,125,000 after acquiring an additional 190,429 shares during the period. JPMorgan Chase & Co. grew its position in shares of Hilton Worldwide by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after purchasing an additional 761,104 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Hilton Worldwide by 36.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock worth $1,037,464,000 after purchasing an additional 1,282,676 shares in the last quarter. Capital World Investors increased its stake in shares of Hilton Worldwide by 66.3% during the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after purchasing an additional 1,246,662 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Hilton Worldwide by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock worth $614,841,000 after purchasing an additional 200,329 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.