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

Hilton Worldwide Holdings Inc. (NYSE:HLT) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, November 15th.

Hilton Worldwide has increased 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. 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 Stock Performance

HLT stock opened at $233.53 on Thursday. The company has a fifty day moving average price of $224.51 and a 200-day moving average price of $213.94. The company 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 52-week low of $147.58 and a 52-week high of $240.00.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $1.63 earnings per share. As a group, sell-side analysts forecast that Hilton Worldwide will post 7.05 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction dated 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 completion of the transaction, the insider now directly owns 15,949 shares in the company, valued at $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HLT. Mizuho lifted their target price on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday. Robert W. Baird lifted their target price on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research note on Thursday. Macquarie lifted their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lowered their target price 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. Finally, Truist Financial lowered their target price on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $221.47.

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.