Hilton Worldwide (NYSE:HLT) Given New $216.00 Price Target at Barclays

Hilton Worldwide (NYSE:HLT) had its price objective boosted by Barclays from $204.00 to $216.00 in a research report released on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

HLT has been the topic of a number of other reports. Macquarie boosted their price target on Hilton Worldwide from $190.00 to $192.00 and gave the stock a neutral rating in a research report on Friday, February 9th. TD Cowen boosted their price target on Hilton Worldwide from $215.00 to $230.00 and gave the stock an outperform rating in a research report on Wednesday, March 20th. Wells Fargo & Company boosted their price target on Hilton Worldwide from $196.00 to $200.00 and gave the stock an equal weight rating in a research report on Wednesday, March 20th. Truist Financial reissued a hold rating and issued a $199.00 price target on shares of Hilton Worldwide in a research report on Wednesday, March 20th. Finally, Mizuho assumed coverage on Hilton Worldwide in a research report on Tuesday, March 26th. They issued a buy rating and a $245.00 price target on the stock. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of Moderate Buy and an average target price of $201.94.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $194.47 on Friday. The stock’s 50 day simple moving average is $205.13 and its two-hundred day simple moving average is $183.05. The stock has a market cap of $48.88 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 1.76 and a beta of 1.25. Hilton Worldwide has a fifty-two week low of $134.43 and a fifty-two week high of $215.79.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.11. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 EPS. On average, analysts predict that Hilton Worldwide will post 7.06 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.31%. Hilton Worldwide’s payout ratio is 13.86%.

Insider Activity

In other news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction on 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 transaction, the insider now directly owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of HLT. OFI Invest Asset Management purchased a new stake in shares of Hilton Worldwide in the 3rd quarter worth $25,000. EdgeRock Capital LLC purchased a new stake in Hilton Worldwide in the 4th quarter worth $25,000. Activest Wealth Management purchased a new stake in Hilton Worldwide in the 4th quarter worth $26,000. Independence Bank of Kentucky increased 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 worth $27,000 after buying an additional 50 shares in the last quarter. Finally, Frazier Financial Advisors LLC purchased a new stake in Hilton Worldwide in the 4th quarter worth $28,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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.