Hilton Worldwide (NYSE:HLT) Given New $219.00 Price Target at Barclays

Hilton Worldwide (NYSE:HLT) had its price objective boosted by Barclays from $216.00 to $219.00 in a research note issued to investors on Thursday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

HLT has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Hilton Worldwide from $176.00 to $185.00 and gave the company a hold rating in a research report on Thursday. Truist Financial reaffirmed a hold rating and set a $199.00 price target on shares of Hilton Worldwide in a research report on Wednesday, March 20th. TD Cowen lifted their price objective on shares of Hilton Worldwide from $215.00 to $230.00 and gave the company an outperform rating in a research note on Wednesday, March 20th. Wells Fargo & Company lifted their price objective on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an equal weight rating in a research note on Wednesday, March 20th. Finally, Evercore ISI lifted their price objective on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an in-line rating in a research note on Wednesday, March 20th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $205.06.

Hilton Worldwide Stock Down 0.5 %

Shares of HLT traded down $0.98 during mid-day trading on Thursday, hitting $202.95. The company had a trading volume of 760,964 shares, compared to its average volume of 1,492,672. The stock has a market cap of $51.01 billion, a PE ratio of 44.57, a P/E/G ratio of 1.83 and a beta of 1.25. Hilton Worldwide has a 1-year low of $134.43 and a 1-year high of $215.79. The business’s 50-day simple moving average is $205.70 and its 200-day simple moving average is $184.45.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 92.07%. Hilton Worldwide’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 earnings per share. On average, sell-side analysts expect that Hilton Worldwide will post 6.99 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.30%. The ex-dividend date is Thursday, May 16th. Hilton Worldwide’s dividend payout ratio is 13.04%.

Insiders Place Their Bets

In other news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the sale, the insider now owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the company. OFI Invest Asset Management bought a new position in Hilton Worldwide in the third quarter valued at approximately $25,000. EdgeRock Capital LLC bought a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $25,000. Activest Wealth Management bought a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $26,000. Independence Bank of Kentucky boosted its stake in Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares during the period. Finally, Frazier Financial Advisors LLC bought a new stake in Hilton Worldwide in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.