Hilton Worldwide (NYSE:HLT) Stock Rating Reaffirmed by Macquarie

Macquarie reissued their neutral rating on shares of Hilton Worldwide (NYSE:HLT) in a report released on Wednesday morning, Benzinga reports. They currently have a $192.00 price objective on the stock.

Other analysts also recently issued reports about the stock. HSBC upped their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a buy rating in a research report on Wednesday, April 3rd. Truist Financial reaffirmed a hold rating and issued a $199.00 target price on shares of Hilton Worldwide in a research report on Wednesday, March 20th. Mizuho reduced their target price on shares of Hilton Worldwide from $245.00 to $242.00 and set a buy rating on the stock in a research report on Tuesday, April 23rd. Robert W. Baird upped their price target on shares of Hilton Worldwide from $210.00 to $212.00 and gave the stock an outperform rating in a research note on Thursday, March 21st. Finally, Wells Fargo & Company upped their price target on shares of Hilton Worldwide from $196.00 to $200.00 and gave the stock an equal weight rating in a research note on Wednesday, March 20th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide has an average rating of Moderate Buy and an average price target of $207.59.

Hilton Worldwide Trading Down 0.9 %

Shares of Hilton Worldwide stock opened at $202.12 on Wednesday. The company’s fifty day simple moving average is $205.79 and its two-hundred day simple moving average is $185.04. The company has a market cap of $50.54 billion, a P/E ratio of 43.94, a PEG ratio of 1.81 and a beta of 1.25. Hilton Worldwide has a 12-month low of $134.43 and a 12-month high of $215.79.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data 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. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 EPS. Analysts predict that Hilton Worldwide will post 7.07 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

Insider Buying and Selling at Hilton Worldwide

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 transaction of $4,204,967.52. Following the transaction, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Independence Bank of Kentucky increased 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 valued at $27,000 after purchasing an additional 50 shares during the last quarter. Eaton Financial Holdings Company LLC increased its position in shares of Hilton Worldwide by 0.9% during the 4th quarter. Eaton Financial Holdings Company LLC now owns 5,932 shares of the company’s stock valued at $1,080,000 after purchasing an additional 52 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of Hilton Worldwide by 48.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after purchasing an additional 56 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of Hilton Worldwide by 1.9% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,095 shares of the company’s stock valued at $564,000 after purchasing an additional 58 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its position in shares of Hilton Worldwide by 2.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,681 shares of the company’s stock valued at $488,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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.