Investors Sell Shares of Hilton Worldwide Holdings Inc. (HLT) on Strength (HLT)
Traders 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 research firms have recently commented on HLT. Zacks Investment Research raised shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Morgan Stanley reduced their price target on shares of Hilton Worldwide Holdings from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, July 28th. JMP Securities reduced their price target on shares of Hilton Worldwide Holdings from $26.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 28th. Deutsche Bank AG reduced their price target on shares of Hilton Worldwide Holdings from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Finally, Citigroup Inc. lifted their price target on shares of Hilton Worldwide Holdings from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $26.75.
The company has a 50-day moving average price of $23.78 and a 200 day moving average price of $22.27. The stock has a market capitalization of $23.50 billion and a PE ratio of 14.30.
Hilton Worldwide Holdings (NYSE:HLT) last announced its earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.01. During the same quarter in the prior year, the business posted $0.25 EPS. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.06 billion. The business’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Hilton Worldwide Holdings Inc. will post $0.90 EPS for the current 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 issued a $0.07 dividend. The ex-dividend date 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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