Hilton Worldwide (NYSE:HLT) Raised to Buy at Berenberg Bank

Berenberg Bank upgraded shares of Hilton Worldwide (NYSE:HLTGet Rating) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. They currently have $152.00 price objective on the stock, up from their previous price objective of $140.00.

HLT has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hilton Worldwide from $141.00 to $120.00 in a research note on Thursday, July 28th. Barclays initiated coverage on shares of Hilton Worldwide in a research note on Tuesday, June 28th. They issued an equal weight rating and a $125.00 price objective for the company. Cowen reduced their price objective on shares of Hilton Worldwide to $130.00 in a research note on Friday, July 22nd. Evercore ISI raised shares of Hilton Worldwide from an in-line rating to an outperform rating and reduced their price objective for the stock from $155.00 to $150.00 in a research note on Monday, July 11th. Finally, UBS Group boosted their price objective on shares of Hilton Worldwide from $157.00 to $159.00 and gave the stock a buy rating in a research note on Wednesday, August 3rd. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $151.06.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $130.80 on Thursday. Hilton Worldwide has a 1 year low of $108.41 and a 1 year high of $167.99. The business has a 50 day simple moving average of $128.62 and a two-hundred day simple moving average of $135.17. The firm has a market capitalization of $35.88 billion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 0.60 and a beta of 1.25.

Hilton Worldwide (NYSE:HLTGet Rating) last announced its earnings results on Wednesday, July 27th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.24. Hilton Worldwide had a negative return on equity of 114.54% and a net margin of 12.83%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was up 68.5% compared to the same quarter last year. Equities research analysts expect that Hilton Worldwide will post 4.39 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Thursday, August 25th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 17.39%.

Insider Activity

In other news, insider Matthew W. Schuyler sold 3,000 shares of the business’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $120.00, for a total transaction of $360,000.00. Following the sale, the insider now directly owns 253,714 shares of the company’s stock, valued at $30,445,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

Several hedge funds have recently added to or reduced their stakes in HLT. Rafferty Asset Management LLC boosted its holdings in Hilton Worldwide by 113.2% in the fourth quarter. Rafferty Asset Management LLC now owns 9,620 shares of the company’s stock valued at $1,501,000 after purchasing an additional 5,107 shares during the last quarter. Bailard Inc. purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth about $244,000. Covestor Ltd purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth about $25,000. Equitable Holdings Inc. boosted its stake in shares of Hilton Worldwide by 47.9% during the 4th quarter. Equitable Holdings Inc. now owns 4,124 shares of the company’s stock worth $643,000 after acquiring an additional 1,336 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Hilton Worldwide by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,419,984 shares of the company’s stock worth $221,504,000 after acquiring an additional 41,316 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

About Hilton Worldwide

(Get Rating)

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

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Analyst Recommendations for Hilton Worldwide (NYSE:HLT)

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