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

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

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Truist Financial lowered their price objective on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Evercore ISI lifted their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Hilton Worldwide has an average rating of “Hold” and an average price target of $223.21.

Hilton Worldwide Trading Up 0.7 %

Hilton Worldwide stock opened at $235.17 on Monday. Hilton Worldwide has a 1-year low of $147.58 and a 1-year high of $240.00. The firm has a market capitalization of $58.80 billion, a price-to-earnings ratio of 51.12, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. The firm’s fifty day moving average price is $224.51 and its two-hundred day moving average price is $213.94.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share 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 for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the company earned $1.67 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, research analysts forecast that Hilton Worldwide will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors 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 yield of 0.26%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Hilton Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its stake in Hilton Worldwide by 17.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 26,626 shares of the company’s stock worth $6,137,000 after buying an additional 3,910 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its stake in shares of Hilton Worldwide by 23.0% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 4,759 shares of the company’s stock valued at $1,097,000 after purchasing an additional 890 shares in the last quarter. Canoe Financial LP purchased a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $9,915,000. State of Alaska Department of Revenue boosted its stake in shares of Hilton Worldwide by 5.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 28,625 shares of the company’s stock valued at $6,598,000 after purchasing an additional 1,430 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Hilton Worldwide by 8.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 184,360 shares of the company’s stock valued at $42,892,000 after purchasing an additional 14,247 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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.