Hilton Worldwide (NYSE:HLT) Price Target Raised to $240.00 at Evercore ISI

Hilton Worldwide (NYSE:HLT) had its price target lifted by Evercore ISI from $210.00 to $240.00 in a research note issued to investors on Monday, Benzinga reports. They currently have an in-line rating on the stock.

A number of other analysts have also weighed in on the company. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research report on Monday. Melius lowered Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group started coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price objective for the company. Macquarie raised their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Barclays increased their price objective on shares of Hilton Worldwide from $224.00 to $244.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Hilton Worldwide currently has a consensus rating of “Hold” and an average price target of $221.42.

Hilton Worldwide Trading Down 1.9 %

Shares of NYSE HLT opened at $233.53 on Monday. The stock has a market capitalization of $58.39 billion, a PE ratio of 50.77, a PEG ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a twelve month low of $147.58 and a twelve month high of $240.00. The stock has a fifty day simple moving average of $224.51 and a 200-day simple moving average of $213.94.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts predict that Hilton Worldwide will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

Insider Transactions at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in HLT. Massmutual Trust Co. FSB ADV increased its position in Hilton Worldwide by 4.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock valued at $269,000 after acquiring an additional 46 shares during the period. Meadow Creek Wealth Advisors LLC grew its stake in shares of Hilton Worldwide by 4.2% in the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock valued at $273,000 after purchasing an additional 48 shares during the last quarter. Independence Bank of Kentucky increased its holdings in shares of Hilton Worldwide by 66.7% in the first 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 period. EP Wealth Advisors LLC raised its stake in shares of Hilton Worldwide by 1.5% during the first quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock worth $771,000 after purchasing an additional 54 shares during the last quarter. Finally, AA Financial Advisors LLC lifted its holdings in shares of Hilton Worldwide by 4.0% during the second quarter. AA Financial Advisors LLC now owns 1,434 shares of the company’s stock worth $313,000 after purchasing an additional 55 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

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.