Raymond James Financial, Inc. Raises Hilton Worldwide Holdings Inc. (HLT) Price Target to $69.00
Hilton Worldwide Holdings Inc. (NYSE:HLT) had its target price hoisted by Raymond James Financial, Inc. from $66.00 to $69.00 in a report released on Thursday. The firm currently has an outperform rating on the stock.
A number of other research firms have also weighed in on HLT. TheStreet lowered Hilton Worldwide Holdings from a b rating to a c+ rating in a report on Friday, June 30th. Berenberg Bank reaffirmed a sell rating and set a $47.00 price target on shares of Hilton Worldwide Holdings in a research report on Thursday, July 27th. BidaskClub downgraded Hilton Worldwide Holdings from a buy rating to a hold rating in a research report on Friday, June 23rd. Telsey Advisory Group increased their price target on Hilton Worldwide Holdings from $61.00 to $67.00 and gave the company a market perform rating in a research report on Wednesday, July 26th. Finally, Deutsche Bank AG increased their price target on Hilton Worldwide Holdings from $65.00 to $68.00 and gave the company a buy rating in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $71.89.
Hilton Worldwide Holdings (HLT) traded up 0.91% during trading on Thursday, reaching $63.48. The company had a trading volume of 1,365,008 shares. The company has a market capitalization of $20.58 billion, a PE ratio of 529.00 and a beta of 1.29. Hilton Worldwide Holdings has a 52-week low of $44.73 and a 52-week high of $67.79. The company has a 50 day moving average price of $62.28 and a 200 day moving average price of $61.05.
Hilton Worldwide Holdings (NYSE:HLT) last posted its earnings results on Wednesday, July 26th. The company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. Hilton Worldwide Holdings had a return on equity of 19.65% and a net margin of 0.39%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, equities analysts forecast that Hilton Worldwide Holdings will post $1.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, August 18th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Wednesday, August 16th. Hilton Worldwide Holdings’s dividend payout ratio is currently 461.33%.
A number of hedge funds have recently added to or reduced their stakes in HLT. State Street Corp increased its stake in Hilton Worldwide Holdings by 141.6% in the second quarter. State Street Corp now owns 7,865,113 shares of the company’s stock worth $486,454,000 after buying an additional 4,609,697 shares in the last quarter. Vanguard Group Inc. increased its stake in Hilton Worldwide Holdings by 46.3% in the second quarter. Vanguard Group Inc. now owns 13,600,970 shares of the company’s stock worth $841,220,000 after buying an additional 4,302,706 shares in the last quarter. BlackRock Inc. increased its stake in Hilton Worldwide Holdings by 13.7% in the second quarter. BlackRock Inc. now owns 12,048,689 shares of the company’s stock worth $745,212,000 after buying an additional 1,448,078 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Hilton Worldwide Holdings by 49.5% in the second quarter. Bank of New York Mellon Corp now owns 3,478,949 shares of the company’s stock worth $215,173,000 after buying an additional 1,152,164 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Hilton Worldwide Holdings by 87.2% in the second quarter. Northern Trust Corp now owns 2,118,462 shares of the company’s stock worth $131,027,000 after buying an additional 986,814 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 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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