Hilton Worldwide (NYSE:HLT) Given New $185.00 Price Target at Deutsche Bank Aktiengesellschaft

Hilton Worldwide (NYSE:HLT) had its price target raised by Deutsche Bank Aktiengesellschaft from $176.00 to $185.00 in a research report sent to investors on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other analysts have also recently weighed in on HLT. Robert W. Baird boosted their price target on Hilton Worldwide from $212.00 to $215.00 and gave the stock an outperform rating in a report on Thursday. Barclays upped their price target on shares of Hilton Worldwide from $204.00 to $216.00 and gave the company an overweight rating in a research report on Friday, April 19th. Bank of America increased their price objective on Hilton Worldwide from $215.00 to $225.00 and gave the company a buy rating in a report on Friday, March 15th. Truist Financial reissued a hold rating and issued a $199.00 price target on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Finally, Jefferies Financial Group upped their target price on Hilton Worldwide from $157.00 to $182.00 and gave the company a hold rating in a report on Tuesday, January 2nd. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $207.59.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $202.12 on Thursday. The company has a market capitalization of $50.54 billion, a P/E ratio of 43.94, a P/E/G ratio of 1.79 and a beta of 1.25. The business’s 50 day simple moving average is $205.79 and its 200 day simple moving average is $185.26. Hilton Worldwide has a 1 year low of $134.43 and a 1 year high of $215.79.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior year, the firm posted $1.24 EPS. Hilton Worldwide’s quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that Hilton Worldwide will post 7.07 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the transaction, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

Institutional Trading of Hilton Worldwide

Several institutional investors have recently made changes to their positions in HLT. Independence Bank of Kentucky boosted its holdings in Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. Eaton Financial Holdings Company LLC boosted its stake in shares of Hilton Worldwide by 0.9% in the 4th quarter. Eaton Financial Holdings Company LLC now owns 5,932 shares of the company’s stock worth $1,080,000 after buying an additional 52 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after acquiring an additional 56 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Hilton Worldwide by 1.9% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,095 shares of the company’s stock valued at $564,000 after acquiring an additional 58 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its position in Hilton Worldwide by 2.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,681 shares of the company’s stock worth $488,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

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.