Hilton Worldwide (NYSE:HLT) Price Target Raised to $360.00

Hilton Worldwide (NYSE:HLT) had its price target raised by Susquehanna from $345.00 to $360.00 in a report issued on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 price objective for the company in a research report on Wednesday, August 12th. Robert W. Baird raised their target price on shares of Hilton Worldwide from $360.00 to $362.00 and gave the stock an “outperform” rating in a report on Wednesday. Freedom Broker started coverage on shares of Hilton Worldwide in a report on Wednesday, October 14th. They issued a “buy” rating and a $359.00 price target for the company. TD Cowen raised shares of Hilton Worldwide to a “strong-buy” rating in a research report on Tuesday, September 8th. Finally, Wells Fargo & Company raised their price objective on shares of Hilton Worldwide from $382.00 to $383.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $363.57.

Hilton Worldwide Trading Down 0.0%

Shares of Hilton Worldwide stock opened at $356.92 on Wednesday. The stock’s fifty day simple moving average is $325.02 and its 200 day simple moving average is $320.76. The company has a market capitalization of $79.41 billion, a PE ratio of 40.42, a PEG ratio of 2.80 and a beta of 1.10. Hilton Worldwide has a 12 month low of $253.54 and a 12 month high of $364.50.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the firm earned $2.11 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. Analysts predict that Hilton Worldwide will post 9.14 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, December 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, December 1st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.11%.

Insider Activity

In other news, Director Chris Carr sold 439 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $310.34, for a total transaction of $136,239.26. Following the completion of the transaction, the director owned 8,252 shares of the company’s stock, valued at approximately $2,560,925.68. The trade was a 5.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura Fuentes sold 7,289 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $309.81, for a total transaction of $2,258,205.09. Following the completion of the transaction, the insider directly owned 33,458 shares of the company’s stock, valued at $10,365,622.98. This trade represents a 17.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 158,778 shares of company stock worth $56,196,944. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hilton Worldwide

Hedge funds have recently modified their holdings of the business. Ascent Group LLC raised its stake in shares of Hilton Worldwide by 7.4% in the third quarter. Ascent Group LLC now owns 2,501 shares of the company’s stock worth $796,000 after acquiring an additional 172 shares during the last quarter. Caldwell Trust Co lifted its position in shares of Hilton Worldwide by 31.9% during the third quarter. Caldwell Trust Co now owns 5,485 shares of the company’s stock worth $1,745,000 after purchasing an additional 1,328 shares in the last quarter. Rakuten Investment Management Inc. grew its stake in shares of Hilton Worldwide by 8.8% during the third quarter. Rakuten Investment Management Inc. now owns 40,565 shares of the company’s stock valued at $13,120,000 after purchasing an additional 3,264 shares during the last quarter. Provenance Wealth Advisors LLC grew its stake in shares of Hilton Worldwide by 55,133.3% during the third quarter. Provenance Wealth Advisors LLC now owns 1,657 shares of the company’s stock valued at $527,000 after purchasing an additional 1,654 shares during the last quarter. Finally, Integrity Alliance LLC. increased its holdings in shares of Hilton Worldwide by 39.2% in the third quarter. Integrity Alliance LLC. now owns 1,487 shares of the company’s stock valued at $473,000 after purchasing an additional 419 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

More Hilton Worldwide News

Here are the key news stories impacting Hilton Worldwide this week:

• Positive Sentiment: Mizuho upgraded Hilton to “outperform” from “neutral” and lifted its price target to $421 from $329, implying substantial upside from recent trading levels. The upgrade reflects increased confidence in Hilton’s earnings and growth outlook. Mizuho upgrade article
• Positive Sentiment: Goldman Sachs maintained a Buy rating on HLT, while Susquehanna, Wells Fargo and Robert W. Baird issued favorable outlooks or increased their price targets. The cluster of supportive recommendations may reinforce the bullish sentiment surrounding the stock. Goldman Sachs coverage Susquehanna forecast Wells Fargo price target Baird outlook
• Neutral Sentiment: Analyst commentary on consumer-cyclical companies, including Hilton, adds visibility but does not introduce a major new operating catalyst. Hilton’s latest reported quarter showed earnings above consensus and year-over-year revenue growth, supporting the favorable analyst tone. Consumer cyclical analyst commentary
• Negative Sentiment: Barclays lowered its expectations for Hilton’s stock price, creating a counterpoint to the broader analyst optimism and potentially limiting near-term gains. Barclays Hilton outlook
• Negative Sentiment: Chief financial officer Kevin Jacobs sold 151,050 HLT shares for approximately $53.8 million, reducing his holdings by 33.96%. Although insider sales can be planned for personal or diversification reasons, the transaction may weigh on sentiment because it occurred while the stock was near record highs. SEC insider sale filing

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.