Hilton Worldwide Holdings Inc. (HLT) Stock Rating Reaffirmed by Morgan Stanley
Hilton Worldwide Holdings Inc. (NYSE:HLT)‘s stock had its “overweight” rating reiterated by analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday. They presently have a $24.00 price target on the stock, down from their prior price target of $25.00. Morgan Stanley’s price objective indicates a potential downside of 2.24% from the company’s previous close.
HLT has been the topic of several other reports. Barclays PLC cut Hilton Worldwide Holdings from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 27th. Sanford C. Bernstein initiated coverage on Hilton Worldwide Holdings in a research report on Thursday, September 8th. They set a “market perform” rating and a $26.00 price target on the stock. Deutsche Bank AG lowered their price target on Hilton Worldwide Holdings from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. JMP Securities decreased their target price on Hilton Worldwide Holdings from $26.00 to $25.00 and set a “market outperform” rating on the stock in a report on Thursday, July 28th. Finally, TheStreet cut Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $25.47.
Hilton Worldwide Holdings (NYSE:HLT) opened at 24.55 on Tuesday. The company’s 50-day moving average price is $22.93 and its 200 day moving average price is $22.83. Hilton Worldwide Holdings has a 52-week low of $16.16 and a 52-week high of $24.77. The stock has a market capitalization of $24.30 billion, a P/E ratio of 15.75 and a beta of 1.24.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Hilton Worldwide Holdings had a return on equity of 13.84% and a net margin of 13.35%. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period last year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Hilton Worldwide Holdings will post $0.87 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 10th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 1.14%. Hilton Worldwide Holdings’s payout ratio is 17.95%.
Hedge funds have recently made changes to their positions in the company. National Pension Service boosted its stake in shares of Hilton Worldwide Holdings by 4.4% in the first quarter. National Pension Service now owns 316,454 shares of the company’s stock worth $7,127,000 after buying an additional 13,447 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Hilton Worldwide Holdings during the first quarter worth $2,113,000. Legal & General Group Plc boosted its stake in shares of Hilton Worldwide Holdings by 3.5% in the first quarter. Legal & General Group Plc now owns 1,911,188 shares of the company’s stock worth $43,040,000 after buying an additional 65,346 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Hilton Worldwide Holdings by 9.3% in the first quarter. Envestnet Asset Management Inc. now owns 200,833 shares of the company’s stock worth $4,523,000 after buying an additional 17,092 shares in the last quarter. Finally, Chilton Capital Management LLC boosted its stake in shares of Hilton Worldwide Holdings by 28.7% in the first quarter. Chilton Capital Management LLC now owns 81,108 shares of the company’s stock worth $1,827,000 after buying an additional 18,080 shares in the last quarter.
About Hilton Worldwide Holdings
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing, developing and franchising hotels, resorts and timeshare properties. It operates through three segments: management and franchise, ownership and timeshare. It has approximately 4,610 hotels, resorts and timeshare properties comprising over 758,502 rooms in approximately 100 countries and territories.
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