Shares of Hilton Hotels Co. (NYSE:HLT) have been given a consensus recommendation of “Buy” by the nineteen analysts that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $89.96.
A number of analysts have issued reports on HLT shares. Citigroup raised their target price on Hilton Hotels from $84.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Argus raised Hilton Hotels from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Thursday, March 14th. ValuEngine raised Hilton Hotels from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research raised Hilton Hotels from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Friday, May 3rd. Finally, Morgan Stanley set a $86.00 price target on Hilton Hotels and gave the company a “buy” rating in a report on Thursday, May 2nd.
In other Hilton Hotels news, insider Ian Russell Carter sold 21,700 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $92.48, for a total value of $2,006,816.00. Following the sale, the insider now directly owns 594,459 shares of the company’s stock, valued at $54,975,568.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. lifted its position in shares of Hilton Hotels by 5.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 336,366 shares of the company’s stock worth $27,954,000 after purchasing an additional 16,586 shares during the last quarter. Weaver Consulting Group acquired a new position in Hilton Hotels in the first quarter valued at $31,000. FMR LLC increased its stake in Hilton Hotels by 76.0% in the first quarter. FMR LLC now owns 3,215,826 shares of the company’s stock valued at $267,268,000 after purchasing an additional 1,388,629 shares during the period. Nordea Investment Management AB increased its stake in shares of Hilton Hotels by 0.6% during the first quarter. Nordea Investment Management AB now owns 992,956 shares of the company’s stock worth $82,522,000 after acquiring an additional 6,273 shares during the period. Finally, Allstate Corp increased its stake in shares of Hilton Hotels by 31.6% during the first quarter. Allstate Corp now owns 23,841 shares of the company’s stock worth $1,981,000 after acquiring an additional 5,731 shares during the period. Institutional investors and hedge funds own 99.47% of the company’s stock.
NYSE HLT traded up $1.30 during trading hours on Friday, hitting $94.55. 901,747 shares of the company’s stock were exchanged, compared to its average volume of 1,648,818. The firm has a 50-day moving average of $92.14. Hilton Hotels has a 1-year low of $63.76 and a 1-year high of $97.10. The stock has a market cap of $27.55 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 2.81 and a beta of 1.07. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 78.08.
Hilton Hotels (NYSE:HLT) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. Hilton Hotels had a return on equity of 201.77% and a net margin of 8.42%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts forecast that Hilton Hotels will post 3.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, May 16th. Hilton Hotels’s payout ratio is presently 21.51%.
Hilton Hotels Company Profile
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.
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