Hilton Hotels Co. (HLT) Receives Consensus Rating of “Buy” from Analysts
Hilton Hotels Co. (NYSE:HLT) has received a consensus recommendation of “Buy” from the twenty-one research firms that are presently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $87.07.
A number of equities analysts have recently commented on the stock. Longbow Research assumed coverage on shares of Hilton Hotels in a research report on Friday, September 7th. They issued a “buy” rating and a $96.00 price target on the stock. ValuEngine raised shares of Hilton Hotels from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Goldman Sachs Group lowered shares of Hilton Hotels to a “buy” rating in a research report on Sunday, June 10th. Deutsche Bank reaffirmed a “buy” rating and set a $95.00 target price on shares of Hilton Hotels in a research report on Tuesday, May 22nd. Finally, Berenberg Bank raised shares of Hilton Hotels from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th.
NYSE:HLT opened at $79.39 on Wednesday. Hilton Hotels has a 12 month low of $66.21 and a 12 month high of $88.11. The company has a market capitalization of $23.87 billion, a PE ratio of 39.70, a PEG ratio of 2.97 and a beta of 1.27. The company has a debt-to-equity ratio of 13.51, a quick ratio of 0.78 and a current ratio of 0.78.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, August 9th. Hilton Hotels’s dividend payout ratio (DPR) is currently 30.00%.
A number of hedge funds have recently made changes to their positions in HLT. FMR LLC increased its holdings in Hilton Hotels by 86.0% in the 2nd quarter. FMR LLC now owns 14,625,187 shares of the company’s stock valued at $1,157,730,000 after buying an additional 6,763,660 shares during the period. BlackRock Inc. increased its holdings in Hilton Hotels by 36.7% in the 2nd quarter. BlackRock Inc. now owns 17,652,129 shares of the company’s stock valued at $1,397,341,000 after buying an additional 4,740,303 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Hilton Hotels in the 2nd quarter valued at $235,006,000. Point72 Asset Management L.P. increased its holdings in Hilton Hotels by 406.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,145,452 shares of the company’s stock valued at $248,994,000 after buying an additional 2,524,952 shares during the period. Finally, Voya Investment Management LLC increased its holdings in Hilton Hotels by 178.9% in the 2nd quarter. Voya Investment Management LLC now owns 3,621,685 shares of the company’s stock valued at $286,692,000 after buying an additional 2,323,300 shares during the period. 97.78% of the stock is currently owned by institutional investors and hedge funds.
Hilton Hotels Company Profile
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise; and Ownership. The company engages in the hotel management and licensing of its brands to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.
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