Truist Financial Raises Hilton Worldwide (NYSE:HLT) Price Target to $209.00

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

Other analysts have also issued reports about the company. Macquarie reissued a neutral rating and issued a $192.00 price target on shares of Hilton Worldwide in a research note on Wednesday. UBS Group raised their price target on Hilton Worldwide from $190.00 to $237.00 and gave the stock a buy rating in a research note on Wednesday, February 28th. Barclays raised their price target on Hilton Worldwide from $216.00 to $219.00 and gave the stock an overweight rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on Hilton Worldwide from $176.00 to $185.00 and gave the stock a hold rating in a research note on Thursday. Finally, HSBC raised their price target on Hilton Worldwide from $219.00 to $254.00 and gave the stock a buy rating in a research note on Wednesday, April 3rd. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $205.06.

Hilton Worldwide Trading Down 0.5 %

Shares of HLT stock traded down $0.98 during mid-day trading on Thursday, reaching $202.95. The stock had a trading volume of 760,964 shares, compared to its average volume of 1,492,672. Hilton Worldwide has a 12-month low of $134.43 and a 12-month high of $215.79. The company has a market cap of $51.01 billion, a P/E ratio of 44.57, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25. The business 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 data on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. Hilton Worldwide had a negative return on equity of 92.07% and a net margin of 11.41%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. Research analysts anticipate that Hilton Worldwide will post 6.99 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm 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 dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.30%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Insiders Place Their Bets

In other news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hilton Worldwide

A number of institutional investors have recently made changes to their positions in HLT. Norges Bank bought a new stake in shares of Hilton Worldwide in the 4th quarter valued at approximately $475,073,000. Deutsche Bank AG increased its holdings in shares of Hilton Worldwide by 181.1% in the 3rd quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock valued at $391,640,000 after acquiring an additional 1,680,156 shares during the last quarter. Gray Foundation acquired a new position in Hilton Worldwide during the 4th quarter valued at approximately $133,229,000. Artemis Investment Management LLP acquired a new position in Hilton Worldwide during the 4th quarter valued at approximately $64,221,000. Finally, Kodai Capital Management LP acquired a new position in Hilton Worldwide during the 4th quarter valued at approximately $55,350,000. 95.90% of the stock is currently owned by institutional investors.

About Hilton Worldwide

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.