Hilton Worldwide (NYSE:HLT) Reaches New 52-Week High at $218.58

Hilton Worldwide Holdings Inc. (NYSE:HLT - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as $218.58 and last traded at $218.20, with a volume of 3911181 shares traded. The stock had previously closed at $215.07.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of Hilton Worldwide from $203.00 to $215.00 and gave the company a "market perform" rating in a research note on Wednesday, March 20th. Truist Financial boosted their price target on Hilton Worldwide from $199.00 to $209.00 and gave the company a "hold" rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Hilton Worldwide from $176.00 to $185.00 and gave the stock a "hold" rating in a report on Thursday, April 25th. Bank of America upped their target price on Hilton Worldwide from $215.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, March 15th. Finally, Macquarie reaffirmed a "neutral" rating and set a $192.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, April 24th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of "Hold" and a consensus price target of $208.00.

Hilton Worldwide Stock Performance

The company has a market capitalization of $54.56 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 1.87 and a beta of 1.30. The company's fifty day simple moving average is $205.11 and its two-hundred day simple moving average is $198.94.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 EPS. Sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. Hilton Worldwide's dividend payout ratio (DPR) is presently 13.04%.

Insiders Place Their Bets

In related news, Director Melanie Healey acquired 2,000 shares of Hilton Worldwide stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average price of $199.65 per share, with a total value of $399,300.00. Following the completion of the acquisition, the director now directly owns 14,938 shares of the company's stock, valued at approximately $2,982,371.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Hilton Worldwide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide in the 4th quarter worth approximately $25,000. Activest Wealth Management bought a new position in shares of Hilton Worldwide in the fourth quarter valued at $26,000. Independence Bank of Kentucky lifted its position in shares of Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company's stock valued at $27,000 after acquiring an additional 50 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter worth $28,000. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Hilton Worldwide by 48.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company's stock worth $31,000 after acquiring an additional 56 shares during the last quarter. 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.