Hilton Worldwide Holdings Inc. to Issue Dividend of $0.15 (NYSE:HLT)

Hilton Worldwide Holdings Inc. (NYSE:HLT) declared a dividend on Tuesday, May 20th, investing.com reports. Investors of record on Monday, May 26th will be paid 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% indicating that 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 Down 1.4%

Hilton Worldwide stock opened at $249.94 on Wednesday. The firm has a market cap of $59.41 billion, a P/E ratio of 40.68, a P/E/G ratio of 2.86 and a beta of 1.23. The business has a fifty day moving average of $227.52 and a two-hundred day moving average of $243.50. Hilton Worldwide has a twelve month low of $194.93 and a twelve month high of $275.22.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the business posted $1.53 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts expect that Hilton Worldwide will post 7.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HLT shares. Macquarie reduced their target price on Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Morgan Stanley dropped their target price on Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Susquehanna lifted their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Barclays decreased their target price on shares of Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Finally, Jefferies Financial Group raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and lifted their price target for the company from $228.00 to $296.00 in a research report on Monday, May 12th. Eleven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and a consensus target price of $245.56.

Hedge Funds Weigh In On Hilton Worldwide

Institutional investors have recently modified their holdings of the business. Woodline Partners LP grew its stake in shares of Hilton Worldwide by 38.8% during the first quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock worth $4,625,000 after purchasing an additional 5,687 shares in the last quarter. Empowered Funds LLC boosted its stake in 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 acquiring an additional 1,669 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Hilton Worldwide by 112.4% in the first quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock valued at $1,247,000 after buying an additional 2,899 shares during the last quarter. Finally, NewEdge Advisors LLC raised 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 buying an additional 465 shares during the last quarter. Institutional investors and hedge funds 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.