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

Hilton Worldwide (NYSE:HLT) had its target price boosted by Barclays from $204.00 to $216.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms also recently commented on HLT. Macquarie raised their price objective on Hilton Worldwide from $190.00 to $192.00 and gave the stock a neutral rating in a report on Friday, February 9th. BMO Capital Markets increased their target price on Hilton Worldwide from $203.00 to $215.00 and gave the company a market perform rating in a research note on Wednesday, March 20th. Robert W. Baird raised their price objective on Hilton Worldwide from $210.00 to $212.00 and gave the company an outperform rating in a research note on Thursday, March 21st. Evercore ISI raised their price objective on Hilton Worldwide from $200.00 to $210.00 and gave the company an in-line rating in a research note on Wednesday, March 20th. Finally, Mizuho started coverage on Hilton Worldwide in a research note on Tuesday, March 26th. They set a buy rating and a $245.00 price objective for the company. Eight 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 company has an average rating of Moderate Buy and a consensus price target of $201.94.

Hilton Worldwide Trading Up 0.3 %

NYSE HLT opened at $195.14 on Friday. The business’s 50-day moving average price is $205.17 and its 200 day moving average price is $183.85. Hilton Worldwide has a twelve month low of $134.43 and a twelve month high of $215.79. The company has a market capitalization of $49.05 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 1.72 and a beta of 1.25.

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

Hilton Worldwide Dividend Announcement

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

Insider Buying and Selling

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

Institutional Trading of Hilton Worldwide

Several hedge funds have recently added to or reduced their stakes in the business. Putnam Investments LLC raised its stake in Hilton Worldwide by 6.0% during the 4th quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock valued at $696,680,000 after acquiring an additional 216,219 shares in the last quarter. Norges Bank acquired a new position in shares of Hilton Worldwide during the 4th quarter valued at $475,073,000. Deutsche Bank AG increased its position in shares of Hilton Worldwide by 181.1% during the 3rd quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock valued at $391,640,000 after purchasing an additional 1,680,156 shares during the period. Northern Trust Corp increased its position in shares of Hilton Worldwide by 1.9% during the 3rd quarter. Northern Trust Corp now owns 2,466,740 shares of the company’s stock valued at $370,455,000 after purchasing an additional 46,197 shares during the period. Finally, TD Asset Management Inc increased its position in shares of Hilton Worldwide by 16.2% during the 4th quarter. TD Asset Management Inc now owns 2,074,498 shares of the company’s stock valued at $377,745,000 after purchasing an additional 288,587 shares during the period. Institutional investors 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.