Hilton Worldwide Holdings Inc. (HLT) Given Consensus Rating of “Buy” by Brokerages
Hilton Worldwide Holdings Inc. (NYSE:HLT) has been given an average recommendation of “Buy” by the twenty-one analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $70.64.
A number of brokerages have recently commented on HLT. Royal Bank Of Canada increased their target price on shares of Hilton Worldwide Holdings from $62.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, June 12th. Zacks Investment Research raised shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Tuesday, July 11th. J P Morgan Chase & Co restated an “overweight” rating and set a $70.00 price target (up from $67.00) on shares of Hilton Worldwide Holdings in a research report on Wednesday, June 28th. Berenberg Bank upgraded shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating and boosted their price target for the stock from $47.00 to $65.00 in a research report on Monday, July 31st. Finally, BidaskClub upgraded shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd.
A number of large investors have recently bought and sold shares of the business. QS Investors LLC lifted its stake in shares of Hilton Worldwide Holdings by 749.6% in 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 last quarter. Commonwealth Bank of Australia increased its position in shares of Hilton Worldwide Holdings by 255.9% during 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. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Hilton Worldwide Holdings during the 2nd quarter worth about $219,000. Creative Planning increased its position in shares of Hilton Worldwide Holdings by 51.7% during the 2nd quarter. Creative Planning now owns 3,723 shares of the company’s stock worth $230,000 after purchasing an additional 1,269 shares during the last quarter. Finally, Fiduciary Trust Co. acquired a new stake in shares of Hilton Worldwide Holdings during the 2nd quarter worth about $247,000. Institutional investors own 99.29% of the company’s stock.
Shares of Hilton Worldwide Holdings (NYSE HLT) opened at 68.86 on Wednesday. The firm’s 50-day moving average price is $65.40 and its 200 day moving average price is $62.72. The company has a market capitalization of $22.33 billion, a PE ratio of 573.83 and a beta of 1.30. Hilton Worldwide Holdings has a 52 week low of $44.73 and a 52 week high of $69.74.
Hilton Worldwide Holdings (NYSE:HLT) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. Hilton Worldwide Holdings had a return on equity of 19.65% and a net margin of 0.39%. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. Equities analysts predict that Hilton Worldwide Holdings will post $1.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, August 18th were given a $0.15 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $0.60 annualized dividend and a yield of 0.87%. Hilton Worldwide Holdings’s payout ratio is 461.33%.
Hilton Worldwide Holdings 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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