Hilton Worldwide Holdings Inc. (HLT) Given a $27.00 Price Target by Credit Agricole SA Analysts
A number of other equities analysts also recently issued reports on HLT. Bank of America Corp. downgraded shares of Hilton Worldwide Holdings from a buy rating to a neutral rating and cut their price objective for the stock from $26.00 to $23.00 in a report on Thursday, May 19th. Jefferies Group reiterated a hold rating on shares of Hilton Worldwide Holdings in a research note on Thursday, June 2nd. TheStreet upgraded Hilton Worldwide Holdings from a hold rating to a buy rating in a research note 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 note on Monday, June 27th. Finally, Zacks Investment Research cut Hilton Worldwide Holdings from a hold rating to a sell rating in a research note on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $26.71.
Shares of Hilton Worldwide Holdings (NYSE:HLT) opened at 23.02 on Wednesday. Hilton Worldwide Holdings has a 52 week low of $16.16 and a 52 week high of $26.27. The firm’s 50-day moving average is $23.62 and its 200-day moving average is $22.52. The firm has a market capitalization of $22.78 billion, a P/E ratio of 13.87 and a beta of 1.25.
Hilton Worldwide Holdings (NYSE:HLT) last posted 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. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Hilton Worldwide Holdings had a return on equity of 14.59% and a net margin of 14.20%. Hilton Worldwide Holdings’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. Equities analysts anticipate that Hilton Worldwide Holdings will post $0.90 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 19th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.22%. Hilton Worldwide Holdings’s dividend payout ratio is presently 16.97%.
A number of institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. increased its position in Hilton Worldwide Holdings by 4.6% in the second quarter. Macquarie Group Ltd. now owns 196,500 shares of the company’s stock worth $4,427,000 after buying an additional 8,600 shares during the period. Cohen & Steers Inc. increased its position in 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 worth $336,051,000 after buying an additional 14,908,214 shares during the period. Calvert Investment Management Inc. increased its position in Hilton Worldwide Holdings by 12.2% in the second quarter. Calvert Investment Management Inc. now owns 33,189 shares of the company’s stock worth $748,000 after buying an additional 3,602 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in 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 worth $3,179,000 after buying an additional 4,118 shares during the period. Finally, Stifel Financial Corp purchased a new position in Hilton Worldwide Holdings during the second quarter worth about $215,000. Institutional investors and hedge funds own 99.80% of the company’s stock.
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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