Hilton Worldwide Holdings Inc. (NYSE:HLT) to Issue Quarterly Dividend of $0.15

Hilton Worldwide Holdings Inc. (NYSE:HLT) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Friday, November 15th will be given a dividend of 0.15 per share on Friday, December 27th. 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 has raised its dividend by an average of 58.7% per year over the last three years. Hilton Worldwide has a payout ratio of 7.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hilton Worldwide to earn $8.09 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 7.4%.

Hilton Worldwide Price Performance

HLT opened at $233.53 on Thursday. The firm has a market capitalization of $58.39 billion, a P/E ratio of 50.77, a PEG ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a fifty-two week low of $147.58 and a fifty-two week high of $240.00. The company’s 50-day moving average is $224.51 and its 200 day moving average is $213.94.

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

Insiders Place Their Bets

In other Hilton Worldwide 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 transaction, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Mizuho raised their price objective on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore ISI boosted their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research note on Monday. Bank of America boosted their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday. JPMorgan Chase & Co. boosted 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 note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Hold” and an average price target of $221.47.

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.