Traders Sell Hilton Worldwide Holdings Inc. (HLT) on Strength (HLT)
Traders sold shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) on strength during trading hours on Wednesday. $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 equities 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
HLT has been the topic of a number of research analyst reports. TheStreet upgraded Hilton Worldwide Holdings from a “hold” rating to a “buy” rating in a research note on Monday, June 20th. Deutsche Bank AG restated a “buy” rating and issued a $27.00 target price on shares of Hilton Worldwide Holdings in a research note on Monday, June 27th. Zacks Investment Research upgraded Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Wolfe Research initiated coverage on Hilton Worldwide Holdings in a research note on Wednesday, July 6th. They issued an “outperform” rating on the stock. Finally, Citigroup Inc. boosted their target price on Hilton Worldwide Holdings from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, May 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.75.
The stock has a 50-day moving average of $23.78 and a 200 day moving average of $22.25. The company has a market capitalization of $23.63 billion and a P/E ratio of 14.38.
Hilton Worldwide Holdings (NYSE:HLT) last issued its earnings results 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 had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.06 billion. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 EPS. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post $0.90 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, August 19th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.17%. The ex-dividend date 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.