Hilton Worldwide (NYSE:HLT) Now Covered by Analysts at Mizuho

Mizuho started coverage on shares of Hilton Worldwide (NYSE:HLT) in a report released on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $245.00 target price on the stock.

A number of other research analysts also recently weighed in on the stock. Truist Financial restated a hold rating and set a $199.00 price target on shares of Hilton Worldwide in a report on Wednesday, March 20th. UBS Group raised their price target 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. Barclays raised their price target on shares of Hilton Worldwide from $200.00 to $204.00 and gave the company an overweight rating in a report on Thursday, February 8th. Bank of America lifted their target price on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a buy rating in a report on Friday, March 15th. Finally, Robert W. Baird lifted their target price on shares of Hilton Worldwide from $210.00 to $212.00 and gave the stock an outperform rating in a report on Thursday, March 21st. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Hilton Worldwide has a consensus rating of Moderate Buy and an average target price of $197.78.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $213.31 on Tuesday. The company has a 50 day moving average price of $199.71 and a 200 day moving average price of $176.61. The firm has a market capitalization of $53.79 billion, a price-to-earnings ratio of 49.26, a P/E/G ratio of 1.88 and a beta of 1.25. Hilton Worldwide has a 52 week low of $133.76 and a 52 week high of $215.79.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $1.59 EPS. Equities analysts forecast that Hilton Worldwide will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Hilton Worldwide’s payout ratio is 13.86%.

Insider Transactions 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 sale, the insider now directly owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.40% of the company’s stock.

Institutional Trading of Hilton Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Savoir Faire Capital Management L.P. bought a new stake in Hilton Worldwide in the third quarter valued at about $4,270,000. Nordea Investment Management AB grew its stake in Hilton Worldwide by 6.3% during the fourth quarter. Nordea Investment Management AB now owns 1,674,212 shares of the company’s stock worth $305,159,000 after buying an additional 98,790 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Hilton Worldwide during the third quarter worth about $1,276,000. Hudson Bay Capital Management LP grew its stake in Hilton Worldwide by 116.5% during the third quarter. Hudson Bay Capital Management LP now owns 82,350 shares of the company’s stock worth $12,367,000 after buying an additional 44,316 shares during the last quarter. Finally, Aigen Investment Management LP grew its stake in Hilton Worldwide by 81.6% during the third quarter. Aigen Investment Management LP now owns 8,863 shares of the company’s stock worth $1,331,000 after buying an additional 3,982 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.