Shares of Hilton Hotels Co. (NYSE:HLT) have been given a consensus recommendation of “Buy” by the twenty-two research firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $84.32.
Several analysts recently issued reports on the stock. Longbow Research assumed coverage on shares of Hilton Hotels in a research report on Friday, September 7th. They issued a “buy” rating and a $96.00 price target for the company. Cowen assumed coverage on shares of Hilton Hotels in a research report on Monday, October 22nd. They issued an “outperform” rating and a $81.00 price target for the company. ValuEngine downgraded shares of Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Raymond James reduced their price target on shares of Hilton Hotels from $96.00 to $82.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 25th. Finally, Robert W. Baird set a $84.00 price target on shares of Hilton Hotels and gave the company a “buy” rating in a research report on Thursday, October 25th.
Shares of HLT stock opened at $75.54 on Monday. The company has a market cap of $22.40 billion, a PE ratio of 37.77, a P/E/G ratio of 4.30 and a beta of 1.31. Hilton Hotels has a 52 week low of $63.76 and a 52 week high of $88.11. The company has a debt-to-equity ratio of 13.03, a current ratio of 0.84 and a quick ratio of 0.84.
Hilton Hotels (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 24th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Hilton Hotels had a net margin of 15.51% and a return on equity of 63.76%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the firm posted $0.56 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts expect that Hilton Hotels will post 2.7 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 9th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.79%. The ex-dividend date is Thursday, November 8th. Hilton Hotels’s dividend payout ratio (DPR) is presently 30.00%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFM Investors Pty Ltd raised its stake in shares of Hilton Hotels by 15.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 14,837 shares of the company’s stock worth $1,199,000 after purchasing an additional 1,994 shares during the period. Pinebridge Investments L.P. raised its stake in shares of Hilton Hotels by 61.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 29,254 shares of the company’s stock worth $2,316,000 after purchasing an additional 11,173 shares during the period. Impax Asset Management LLC bought a new stake in shares of Hilton Hotels during the 2nd quarter worth $271,000. Vulcan Value Partners LLC raised its stake in shares of Hilton Hotels by 3.3% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,914,914 shares of the company’s stock worth $389,065,000 after purchasing an additional 156,544 shares during the period. Finally, Morgan Stanley raised its stake in shares of Hilton Hotels by 6.1% during the 2nd quarter. Morgan Stanley now owns 994,725 shares of the company’s stock worth $78,742,000 after purchasing an additional 57,185 shares during the period. Institutional investors own 95.27% of the company’s stock.
Hilton Hotels Company Profile
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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