Hilton Worldwide (NYSE:HLT) PT Raised to $209.00 at Truist Financial

Hilton Worldwide (NYSE:HLT) had its price objective lifted by Truist Financial from $199.00 to $209.00 in a research report released on Thursday, Benzinga reports. They currently have a hold rating on the stock.

A number of other brokerages have also recently issued reports on HLT. Mizuho dropped their price objective on Hilton Worldwide from $245.00 to $242.00 and set a buy rating on the stock in a research note on Tuesday, April 23rd. Bank of America upped their price objective on Hilton Worldwide from $215.00 to $225.00 and gave the stock a buy rating in a research note on Friday, March 15th. Barclays upped their price objective on Hilton Worldwide from $216.00 to $219.00 and gave the stock an overweight rating in a research note on Thursday. Wells Fargo & Company upped their price objective on Hilton Worldwide from $196.00 to $200.00 and gave the stock an equal weight rating in a research note on Wednesday, March 20th. Finally, BMO Capital Markets upped their price objective on Hilton Worldwide from $203.00 to $215.00 and gave the stock a market perform rating in a research note on Wednesday, March 20th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Hilton Worldwide presently has an average rating of Moderate Buy and an average price target of $207.59.

Hilton Worldwide Stock Performance

Shares of HLT opened at $202.12 on Thursday. The firm has a market capitalization of $50.54 billion, a PE ratio of 43.94, a P/E/G ratio of 1.79 and a beta of 1.25. The stock has a 50 day simple moving average of $205.79 and a 200 day simple moving average of $185.04. Hilton Worldwide has a 52-week low of $134.43 and a 52-week high of $215.79.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.41 by $0.12. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 EPS. Equities research analysts predict that Hilton Worldwide will post 7.07 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be issued a $0.15 dividend. 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 is 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the sale, 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 legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Institutional Trading of Hilton Worldwide

Several large investors have recently modified their holdings of HLT. Independence Bank of Kentucky lifted its position in shares of Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in shares of Hilton Worldwide during the fourth quarter valued at about $25,000. Activest Wealth Management acquired a new stake in shares of Hilton Worldwide during the fourth quarter valued at about $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of Hilton Worldwide during the fourth quarter valued at about $28,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Hilton Worldwide during the first quarter valued at about $34,000. 95.90% of the stock is owned by institutional investors and hedge funds.

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.