Hilton Worldwide (NYSE:HLT) Price Target Raised to $236.00 at Robert W. Baird

Hilton Worldwide (NYSE:HLT) had its price target boosted by Robert W. Baird from $235.00 to $236.00 in a research report report published on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also commented on HLT. Wells Fargo & Company raised their price objective on shares of Hilton Worldwide from $200.00 to $237.00 and gave the company an “equal weight” rating in a research report on Tuesday. Evercore ISI lifted their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research note on Monday. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research note on Monday. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday. Finally, The Goldman Sachs Group initiated coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target for the company. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $223.21.

Hilton Worldwide Price Performance

Shares of NYSE HLT traded up $1.61 during trading on Thursday, hitting $236.82. The stock had a trading volume of 69,399 shares, compared to its average volume of 1,557,536. The company has a market capitalization of $59.22 billion, a PE ratio of 51.12, a PEG ratio of 2.60 and a beta of 1.31. The firm has a fifty day moving average of $224.51 and a two-hundred day moving average of $213.94. Hilton Worldwide has a 12 month low of $148.25 and a 12 month high of $240.00.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $1.67 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts expect that Hilton Worldwide will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be issued 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 dividend yield of 0.25%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insiders Place Their Bets

In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was 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 directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by insiders.

Institutional Trading of Hilton Worldwide

A number of large investors have recently made changes to their positions in HLT. Integrated Advisors Network LLC grew its position in shares of Hilton Worldwide by 9.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 3,734 shares of the company’s stock worth $861,000 after buying an additional 308 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its position in Hilton Worldwide by 53.8% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 7,635 shares of the company’s stock valued at $1,760,000 after buying an additional 2,671 shares in the last quarter. Pallas Capital Advisors LLC boosted its holdings in Hilton Worldwide by 85.7% in the third quarter. Pallas Capital Advisors LLC now owns 1,777 shares of the company’s stock worth $418,000 after acquiring an additional 820 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Hilton Worldwide by 17.2% during the third quarter. Nisa Investment Advisors LLC now owns 26,626 shares of the company’s stock worth $6,137,000 after acquiring an additional 3,910 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC grew its position in Hilton Worldwide by 23.0% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 4,759 shares of the company’s stock worth $1,097,000 after purchasing an additional 890 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

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.