Hilton Worldwide Holdings Inc. (NYSE:HLT) Given Average Rating of “Hold” by Brokerages

Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) have been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the firm, MarketBeat.com reports. Eleven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $228.71.

Several equities analysts have recently issued reports on HLT shares. Mizuho lifted their price objective on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday. Evercore ISI lifted their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Wells Fargo & Company cut their price objective on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft decreased their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. upped their target price on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a report on Friday, July 19th.

Hilton Worldwide Stock Performance

Shares of NYSE HLT opened at $236.11 on Tuesday. Hilton Worldwide has a 1 year low of $148.25 and a 1 year high of $240.00. The firm has a market cap of $58.18 billion, a P/E ratio of 50.02, a PEG ratio of 2.64 and a beta of 1.31. The stock has a fifty day moving average price of $225.48 and a two-hundred day moving average price of $214.26.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. On average, research analysts predict that Hilton Worldwide will post 7.03 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. Hilton Worldwide’s dividend payout ratio is 12.71%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the transaction, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the sale, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HLT. Pinnacle Associates Ltd. raised its position in shares of Hilton Worldwide by 16.2% in the third quarter. Pinnacle Associates Ltd. now owns 33,601 shares of the company’s stock valued at $7,745,000 after purchasing an additional 4,692 shares during the period. First Trust Direct Indexing L.P. raised its holdings in Hilton Worldwide by 28.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,041 shares of the company’s stock worth $1,623,000 after acquiring an additional 1,561 shares during the period. Fidelis Capital Partners LLC raised its holdings in Hilton Worldwide by 1.3% in the 3rd quarter. Fidelis Capital Partners LLC now owns 4,821 shares of the company’s stock worth $1,126,000 after acquiring an additional 61 shares during the period. Integrated Advisors Network LLC lifted its position in Hilton Worldwide by 9.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 3,734 shares of the company’s stock worth $861,000 after acquiring an additional 308 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its holdings in Hilton Worldwide by 53.8% during the third quarter. China Universal Asset Management Co. Ltd. now owns 7,635 shares of the company’s stock valued at $1,760,000 after acquiring an additional 2,671 shares during the period. 95.90% of the stock is owned by 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.