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

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

A number of other equities research analysts have also recently commented on the company. Mizuho lowered their target price on Hilton Worldwide from $245.00 to $242.00 and set a buy rating on the stock in a report on Tuesday. Macquarie reiterated a neutral rating and set a $192.00 price objective on shares of Hilton Worldwide in a research report on Wednesday. UBS Group upped their target price on shares of Hilton Worldwide from $190.00 to $237.00 and gave the company a buy rating in a report on Wednesday, February 28th. BMO Capital Markets lifted their price target on shares of Hilton Worldwide from $203.00 to $215.00 and gave the stock a market perform rating in a report on Wednesday, March 20th. Finally, Truist Financial reissued a hold rating and set a $199.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of Moderate Buy and an average target price of $205.06.

Hilton Worldwide Trading Down 0.5 %

Shares of HLT traded down $0.93 during trading hours on Thursday, reaching $203.00. The company had a trading volume of 605,598 shares, compared to its average volume of 1,491,097. The company has a market capitalization of $51.02 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 1.83 and a beta of 1.25. Hilton Worldwide has a 12-month low of $134.43 and a 12-month high of $215.79. The firm has a 50 day simple moving average of $205.70 and a 200-day simple moving average of $184.45.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 92.07%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the firm earned $1.24 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Sell-side analysts forecast that Hilton Worldwide will post 6.99 earnings per share for the current year.

Hilton Worldwide Announces Dividend

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

Insider Activity

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

Institutional Investors Weigh In On Hilton Worldwide

A number of institutional investors have recently modified their holdings of the business. SYSTM Wealth Solutions LLC raised its position in shares of Hilton Worldwide by 752.2% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 196 shares of the company’s stock worth $42,000 after purchasing an additional 173 shares during the period. Mesirow Financial Investment Management Inc. bought a new stake in Hilton Worldwide in the first quarter valued at $11,144,000. Equitable Trust Co. boosted its holdings in shares of Hilton Worldwide by 20.7% during the first quarter. Equitable Trust Co. now owns 2,966 shares of the company’s stock valued at $633,000 after acquiring an additional 508 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hilton Worldwide by 14.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 132,405 shares of the company’s stock valued at $28,243,000 after purchasing an additional 16,884 shares during the period. Finally, Aaron Wealth Advisors LLC bought a new position in Hilton Worldwide in the 1st quarter worth about $257,000. 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.