Traders Sell Hilton Worldwide Holdings Inc. (HLT) on Strength (HLT)
Investors sold shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) on strength during trading hours on Thursday. $20.92 million flowed into the stock on the tick-up and $40.73 million flowed out of the stock on the tick-down, for a money net flow of $19.81 million out of the stock. Of all stocks tracked, Hilton Worldwide Holdings had the 0th highest net out-flow for the day. Hilton Worldwide Holdings traded up $0.09 for the day and closed at $23.87
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th. Deutsche Bank AG reissued a “buy” rating and set a $27.00 price target on shares of Hilton Worldwide Holdings in a report on Monday, June 27th. JMP Securities cut their price target on shares of Hilton Worldwide Holdings from $26.00 to $25.00 and set a “market outperform” rating for the company in a report on Thursday, July 28th. Bank of America Corp. downgraded shares of Hilton Worldwide Holdings from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a report on Thursday, May 26th. Finally, Jefferies Group reissued a “hold” rating on shares of Hilton Worldwide Holdings in a report on Thursday, June 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Hilton Worldwide Holdings presently has a consensus rating of “Buy” and a consensus price target of $26.75.
The stock’s 50-day moving average price is $23.78 and its 200 day moving average price is $22.25. The stock has a market capitalization of $23.53 billion and a PE ratio of 14.32.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.01. During the same period last year, the company earned $0.25 earnings per share. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.06 billion. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post $0.90 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 19th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.28 dividend on an annualized basis and a dividend 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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