Hilton Worldwide (HLT) Given Buy Rating at Morgan Stanley
Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Hilton Worldwide from a buy rating to a hold rating in a report on Tuesday, October 24th. BidaskClub raised Hilton Worldwide from a sell rating to a hold rating in a report on Wednesday, August 23rd. FBR & Co lowered Hilton Worldwide from a buy rating to a neutral rating and set a $73.00 price objective on the stock. in a report on Friday, October 27th. They noted that the move was a valuation call. Goldman Sachs Group lowered Hilton Worldwide from a conviction-buy rating to a buy rating and set a $80.00 price objective on the stock. in a report on Tuesday, November 14th. Finally, Barclays increased their target price on shares of Hilton Worldwide from $64.00 to $75.00 and gave the stock an equal weight rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $72.47.
Hilton Worldwide (NYSE HLT) opened at $77.47 on Friday. The stock has a market capitalization of $25,077.79, a PE ratio of 36.29, a price-to-earnings-growth ratio of 8.24 and a beta of 1.33. Hilton Worldwide has a twelve month low of $52.80 and a twelve month high of $78.62. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53.
Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. Hilton Worldwide had a return on equity of 27.32% and a net margin of 0.33%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. sell-side analysts forecast that Hilton Worldwide will post 1.9 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.77%. Hilton Worldwide’s dividend payout ratio (DPR) is 545.45%.
Hilton Worldwide announced that its Board of Directors has approved a share buyback plan on Thursday, November 16th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total value of $1,077,851,654.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in HLT. Shell Asset Management Co. lifted its position in Hilton Worldwide by 5.7% in the second quarter. Shell Asset Management Co. now owns 11,935 shares of the company’s stock valued at $738,000 after purchasing an additional 639 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in Hilton Worldwide in the second quarter valued at about $414,000. Great West Life Assurance Co. Can lifted its position in Hilton Worldwide by 28.9% in the second quarter. Great West Life Assurance Co. Can now owns 138,054 shares of the company’s stock valued at $8,527,000 after purchasing an additional 30,957 shares during the period. CIBC Asset Management Inc acquired a new stake in Hilton Worldwide in the second quarter valued at about $849,000. Finally, Korea Investment CORP lifted its position in Hilton Worldwide by 291.1% in the second quarter. Korea Investment CORP now owns 35,037 shares of the company’s stock valued at $2,167,000 after purchasing an additional 26,078 shares during the period. Hedge funds and other institutional investors own 99.20% of the company’s stock.
About Hilton Worldwide
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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