Hilton Worldwide Holdings Inc. (HLT) Sees Strong Trading Volume
Hilton Worldwide Holdings Inc. (NYSE:HLT) shares saw unusually-high trading volume on Thursday . Approximately 7,041,377 shares were traded during trading, a decline of 1% from the previous session’s volume of 7,129,064 shares.The stock last traded at $23.81 and had previously closed at $23.87.
HLT has been the topic of a number of research analyst reports. TheStreet upgraded Hilton Worldwide Holdings from a “hold” rating to a “buy” rating in a research report on Monday, June 20th. Deutsche Bank AG reiterated a “buy” rating and set a $27.00 target price on shares of Hilton Worldwide Holdings in a research report on Monday, June 27th. Zacks Investment Research upgraded Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Wolfe Research initiated coverage on Hilton Worldwide Holdings in a research report on Wednesday, July 6th. They set an “outperform” rating on the stock. Finally, Citigroup Inc. lifted their target price on Hilton Worldwide Holdings from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, May 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $26.75.
The company has a market capitalization of $23.53 billion and a PE ratio of 14.32. The stock has a 50-day moving average of $23.78 and a 200 day moving average of $22.25.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.01. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.06 billion. Hilton Worldwide Holdings’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. Analysts predict that Hilton Worldwide Holdings Inc. will post $0.90 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, August 19th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.28 annualized dividend and a yield of 1.18%.
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing, developing and franchising hotels, resorts and timeshare properties. It operates through three segments: management and franchise, ownership and timeshare. It has approximately 4,610 hotels, resorts and timeshare properties comprising over 758,502 rooms in approximately 100 countries and territories.
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