Hilton Worldwide Holdings Inc. (HLT) To Go Ex-Dividend on May 23rd

Hilton Worldwide Holdings Inc. (NYSE:HLT) declared a dividend on Tuesday, May 20th, investing.com reports. Shareholders of record on Monday, May 26th will be given a dividend of 0.15 per share on Friday, June 27th. This represents a yield of 0.23%. The ex-dividend date is Friday, May 23rd.

Hilton Worldwide has a dividend payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Hilton Worldwide to earn $9.17 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 6.5%.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $253.12 on Wednesday. The firm has a market capitalization of $60.17 billion, a price-to-earnings ratio of 41.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. Hilton Worldwide has a fifty-two week low of $194.93 and a fifty-two week high of $275.22. The stock’s fifty day moving average is $227.52 and its two-hundred day moving average is $243.50.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.11. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 earnings per share. As a group, sell-side analysts forecast that Hilton Worldwide will post 7.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HLT has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Barclays dropped their price objective on Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Truist Financial decreased their target price on Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Morgan Stanley decreased their target price on Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Finally, Susquehanna lifted their price target on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and an average price target of $245.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLT. NewEdge Advisors LLC lifted its holdings in shares of Hilton Worldwide by 25.6% in the first quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock valued at $520,000 after purchasing an additional 465 shares in the last quarter. Intech Investment Management LLC increased its position in Hilton Worldwide by 112.4% in the first quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock worth $1,247,000 after buying an additional 2,899 shares during the last quarter. Empowered Funds LLC grew its position in shares of Hilton Worldwide by 37.4% in the first quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock valued at $1,396,000 after purchasing an additional 1,669 shares in the last quarter. Finally, Woodline Partners LP grew its position in shares of Hilton Worldwide by 38.8% in the first quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock valued at $4,625,000 after purchasing an additional 5,687 shares in 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.