Hilton Worldwide Holdings Inc. Announces Quarterly Dividend of $0.15 (HLT)
Hilton Worldwide Holdings Inc. (NYSE:HLT) announced a quarterly dividend on Wednesday, July 26th, Zacks reports. Stockholders of record on Friday, August 18th will be paid a dividend of 0.15 per share on Friday, September 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, August 16th.
Shares of Hilton Worldwide Holdings (HLT) traded down 0.51% during mid-day trading on Thursday, hitting $62.20. 991,700 shares of the stock were exchanged. The stock’s 50-day moving average price is $63.68 and its 200-day moving average price is $60.31. The company has a market cap of $20.45 billion, a P/E ratio of 188.48 and a beta of 1.30. Hilton Worldwide Holdings has a 52-week low of $45.32 and a 52-week high of $67.79.
Hilton Worldwide Holdings (NYSE:HLT) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Hilton Worldwide Holdings had a net margin of 1.02% and a return on equity of 16.50%. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 EPS. Equities research analysts anticipate that Hilton Worldwide Holdings will post $1.83 earnings per share for the current fiscal year.
HLT has been the subject of several recent research reports. Deutsche Bank AG lifted their target price on shares of Hilton Worldwide Holdings from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Zacks Investment Research lowered shares of Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) raised shares of Hilton Worldwide Holdings from a “buy” rating to a “conviction-buy” rating and set a $77.00 target price for the company in a report on Tuesday, April 11th. BidaskClub lowered shares of Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Argus initiated coverage on shares of Hilton Worldwide Holdings in a report on Monday, June 5th. They set a “buy” rating and a $80.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $73.41.
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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