Hilton Worldwide Holdings Inc. (HLT) Raised to “Hold” at BidaskClub
BidaskClub upgraded shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) from a sell rating to a hold rating in a report issued on Wednesday morning.
Several other equities analysts have also issued reports on HLT. Zacks Investment Research lowered Hilton Worldwide Holdings from a buy rating to a hold rating in a research report on Tuesday, April 25th. Guggenheim initiated coverage on Hilton Worldwide Holdings in a research report on Wednesday, April 26th. They issued a neutral rating for the company. Tigress Financial initiated coverage on Hilton Worldwide Holdings in a research report on Thursday, April 27th. They issued a neutral rating for the company. FBR & Co boosted their price objective on Hilton Worldwide Holdings from $65.00 to $67.00 and gave the company an outperform rating in a research report on Wednesday, May 3rd. Finally, Telsey Advisory Group boosted their price objective on Hilton Worldwide Holdings from $57.00 to $61.00 and gave the company a market perform rating in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $71.89.
Shares of Hilton Worldwide Holdings (NYSE HLT) opened at 63.48 on Wednesday. The firm has a 50 day moving average of $62.28 and a 200 day moving average of $61.05. Hilton Worldwide Holdings has a one year low of $44.73 and a one year high of $67.79. The stock has a market cap of $20.58 billion, a P/E ratio of 529.00 and a beta of 1.29.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Hilton Worldwide Holdings had a return on equity of 19.65% and a net margin of 0.39%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the firm earned $0.25 EPS. Hilton Worldwide Holdings’s quarterly revenue was up 20.3% compared to the same quarter last year. On average, equities research analysts predict that Hilton Worldwide Holdings will post $1.84 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Wednesday, August 16th. Hilton Worldwide Holdings’s dividend payout ratio is currently 461.33%.
Several large investors have recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Hilton Worldwide Holdings during the second quarter worth about $10,918,000. Westpac Banking Corp boosted its stake in shares of Hilton Worldwide Holdings by 80.4% in the first quarter. Westpac Banking Corp now owns 196,230 shares of the company’s stock worth $4,419,000 after buying an additional 87,466 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Hilton Worldwide Holdings by 259.6% in the second quarter. LS Investment Advisors LLC now owns 7,565 shares of the company’s stock worth $468,000 after buying an additional 5,461 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Hilton Worldwide Holdings by 68.8% in the second quarter. State of Alaska Department of Revenue now owns 6,747 shares of the company’s stock worth $417,000 after buying an additional 2,750 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Hilton Worldwide Holdings during the second quarter worth about $1,089,000.
About Hilton Worldwide Holdings
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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