Hilton Worldwide Holdings Inc. (HLT) Sees Strong Trading Volume
Hilton Worldwide Holdings Inc. (NYSE:HLT) saw unusually-high trading volume on Thursday . Approximately 7,041,377 shares were traded during mid-day 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 subject of a number of research analyst reports. Jefferies Group reissued a “hold” rating on shares of Hilton Worldwide Holdings in a research report on Thursday, June 2nd. Wolfe Research initiated coverage on shares of Hilton Worldwide Holdings in a research report on Wednesday, July 6th. They issued an “outperform” rating for the company. Bank of America Corp. lowered 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 research report on Thursday, May 26th. TheStreet raised shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating in a research report on Monday, June 20th. Finally, Zacks Investment Research raised shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.75.
The stock has a 50 day moving average of $23.78 and a 200 day moving average of $22.27. The company has a market cap of $23.50 billion and a price-to-earnings ratio of 14.30.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The company earned $3.05 billion during the quarter, compared to analyst estimates of $3.06 billion. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. Analysts expect that Hilton Worldwide Holdings Inc. will post $0.90 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, August 19th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, August 17th.
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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