Hilton Worldwide (NYSE:HLT) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Hilton Worldwide (NYSE:HLT) in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $245.00 target price on the stock.

A number of other equities research analysts also recently commented on HLT. Robert W. Baird decreased their target price on Hilton Worldwide from $216.00 to $215.00 and set an outperform rating on the stock in a research report on Thursday, August 8th. Susquehanna started coverage on Hilton Worldwide in a research report on Friday, June 21st. They issued a neutral rating and a $215.00 target price on the stock. 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 research report on Thursday, August 8th. Barclays decreased their target price on Hilton Worldwide from $228.00 to $224.00 and set an overweight rating on the stock in a research report on Thursday, August 8th. Finally, Truist Financial decreased their target price on Hilton Worldwide from $209.00 to $208.00 and set a hold rating on the stock in a research report on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $213.95.

Hilton Worldwide Stock Down 0.4 %

NYSE HLT opened at $224.64 on Wednesday. The firm has a market cap of $56.17 billion, a price-to-earnings ratio of 48.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The business has a 50-day moving average price of $214.93 and a 200-day moving average price of $209.93. Hilton Worldwide has a twelve month low of $146.00 and a twelve month high of $229.03.

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

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in Hilton Worldwide during the 1st quarter worth $2,792,000. AIA Group Ltd increased its holdings in shares of Hilton Worldwide by 43.4% in the 1st quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after acquiring an additional 4,265 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Hilton Worldwide by 3.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock valued at $29,375,000 after acquiring an additional 4,677 shares during the period. PGGM Investments increased its holdings in shares of Hilton Worldwide by 337.6% in the 2nd quarter. PGGM Investments now owns 14,378 shares of the company’s stock valued at $3,137,000 after acquiring an additional 11,092 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Hilton Worldwide by 25.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock valued at $13,219,000 after acquiring an additional 12,740 shares during the period. 95.90% of the stock is currently owned by hedge funds and other 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.