Hilton Worldwide Holdings Inc. (NYSE:HLT) Receives $228.71 Average PT from Brokerages

Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Get Free Report) have been given a consensus rating of "Hold" by the nineteen analysts that are presently covering the firm, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $228.71.

Several analysts have recently issued reports on the stock. Melius Research reissued a "hold" rating on shares of Hilton Worldwide in a research report on Monday, October 21st. The Goldman Sachs Group assumed coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They issued a "buy" rating and a $245.00 price target on the stock. TD Cowen lowered their price target on shares of Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Truist Financial boosted their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a "hold" rating in a research report on Thursday, October 24th. Finally, Robert W. Baird boosted their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th.

Hilton Worldwide Stock Performance

HLT stock traded down $1.48 during mid-day trading on Friday, hitting $248.41. The company had a trading volume of 1,851,700 shares, compared to its average volume of 1,560,229. The firm has a market cap of $60.56 billion, a PE ratio of 53.31, a price-to-earnings-growth ratio of 3.18 and a beta of 1.30. Hilton Worldwide has a 12 month low of $164.93 and a 12 month high of $255.86. The stock's fifty day moving average price is $233.57 and its two-hundred day moving average price is $218.47.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 earnings per share. Equities analysts anticipate that Hilton Worldwide will post 7 earnings per share for the current year.

Hilton Worldwide declared that its board has approved a share buyback program on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the company to buy up to 5.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. Hilton Worldwide's dividend payout ratio is presently 12.88%.

Insider Activity

In other news, insider Laura Fuentes sold 4,919 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares of the company's stock, valued at approximately $3,460,933. This represents a 23.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael W. Duffy sold 14,357 shares of the company's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the sale, the insider now directly owns 22,833 shares of the company's stock, valued at $5,382,423.09. This trade represents a 38.60 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hilton Worldwide

Institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new stake in Hilton Worldwide during the 1st quarter valued at $2,792,000. CANADA LIFE ASSURANCE Co raised its holdings in Hilton Worldwide by 3.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company's stock worth $29,375,000 after purchasing an additional 4,677 shares in the last quarter. PGGM Investments raised its holdings in Hilton Worldwide by 337.6% in the 2nd quarter. PGGM Investments now owns 14,378 shares of the company's stock worth $3,137,000 after purchasing an additional 11,092 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in Hilton Worldwide by 234.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 7,986 shares of the company's stock worth $1,703,000 after purchasing an additional 5,598 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Hilton Worldwide by 201.4% in the 3rd quarter. SG Americas Securities LLC now owns 181,576 shares of the company's stock worth $41,853,000 after acquiring an additional 121,322 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

About Hilton Worldwide

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.