Hilton Worldwide (NYSE:HLT) PT Raised to $265.00 at Bank of America

Hilton Worldwide (NYSE:HLT) had its price target hoisted by Bank of America from $230.00 to $265.00 in a report published on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also commented on HLT. Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research note on Monday. JPMorgan Chase & Co. increased their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Finally, The Goldman Sachs Group started coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $223.21.

Hilton Worldwide Stock Up 0.7 %

NYSE:HLT opened at $235.17 on Monday. The company has a fifty day moving average of $224.51 and a 200 day moving average of $213.94. Hilton Worldwide has a 52 week low of $147.58 and a 52 week high of $240.00. The firm has a market capitalization of $58.80 billion, a P/E ratio of 51.12, a P/E/G ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business earned $1.67 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts anticipate that Hilton Worldwide will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s payout ratio is presently 13.04%.

Insider Buying and Selling

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hilton Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in HLT. GHP Investment Advisors Inc. bought a new stake in Hilton Worldwide during the 3rd quarter worth approximately $25,000. Independence Bank of Kentucky raised its stake in Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after acquiring an additional 50 shares during the period. EdgeRock Capital LLC bought a new stake in Hilton Worldwide during the 2nd quarter worth approximately $33,000. Pinnacle Bancorp Inc. bought a new stake in Hilton Worldwide during the 1st quarter worth approximately $34,000. Finally, Manchester Capital Management LLC raised its stake in Hilton Worldwide by 247.8% during the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares during the period. 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.