Hilton Worldwide Holdings Inc. (HLT) Given a $27.00 Price Target by Credit Agricole SA Analysts
A number of other equities analysts have also recently commented on HLT. Jefferies Group reiterated a hold rating on shares of Hilton Worldwide Holdings in a report on Thursday, June 2nd. Wolfe Research started coverage on Hilton Worldwide Holdings in a report on Wednesday, July 6th. They issued an outperform rating for the company. Bank of America Corp. cut Hilton Worldwide Holdings from a buy rating to a neutral rating and set a $23.00 target price for the company. in a report on Thursday, May 26th. TheStreet upgraded Hilton Worldwide Holdings from a hold rating to a buy rating in a report on Monday, June 20th. Finally, Zacks Investment Research upgraded Hilton Worldwide Holdings from a sell rating to a hold rating in a report on Tuesday, July 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $26.71.
Hilton Worldwide Holdings (NYSE:HLT) opened at 23.02 on Wednesday. Hilton Worldwide Holdings has a 12-month low of $16.16 and a 12-month high of $26.27. The firm has a 50-day moving average price of $23.62 and a 200-day moving average price of $22.52. The company has a market cap of $22.78 billion, a P/E ratio of 13.87 and a beta of 1.25.
Hilton Worldwide Holdings (NYSE:HLT) last released its quarterly earnings data 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. Hilton Worldwide Holdings had a return on equity of 14.59% and a net margin of 14.20%. The firm earned $3.05 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the firm earned $0.25 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Hilton Worldwide Holdings will post $0.90 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 19th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, August 17th. Hilton Worldwide Holdings’s dividend payout ratio is currently 16.97%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its position in shares of Hilton Worldwide Holdings by 4.6% in the second quarter. Macquarie Group Ltd. now owns 196,500 shares of the company’s stock valued at $4,427,000 after buying an additional 8,600 shares in the last quarter. Cohen & Steers Inc. raised its position in shares of Hilton Worldwide Holdings by 198,247.5% in the second quarter. Cohen & Steers Inc. now owns 14,915,734 shares of the company’s stock valued at $336,051,000 after buying an additional 14,908,214 shares in the last quarter. Calvert Investment Management Inc. raised its position in shares of Hilton Worldwide Holdings by 12.2% in the second quarter. Calvert Investment Management Inc. now owns 33,189 shares of the company’s stock valued at $748,000 after buying an additional 3,602 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Hilton Worldwide Holdings by 3.0% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 141,107 shares of the company’s stock valued at $3,179,000 after buying an additional 4,118 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of Hilton Worldwide Holdings during the second quarter valued at about $215,000. 99.80% of the stock is currently owned by institutional investors.
Hilton Worldwide Holdings Company Profile
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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