Wells Fargo & Company Boosts Hilton Worldwide (NYSE:HLT) Price Target to $200.00

Hilton Worldwide (NYSE:HLTFree Report) had its target price raised by Wells Fargo & Company from $196.00 to $200.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird increased their price target on shares of Hilton Worldwide from $203.00 to $210.00 and gave the company an outperform rating in a research report on Friday, March 15th. Evercore ISI restated an in-line rating and issued a $200.00 price objective on shares of Hilton Worldwide in a report on Monday, February 5th. Macquarie lifted their price target on shares of Hilton Worldwide from $190.00 to $192.00 and gave the company a neutral rating in a research report on Friday, February 9th. UBS Group lifted their price target on shares of Hilton Worldwide from $190.00 to $237.00 and gave the company a buy rating in a research report on Wednesday, February 28th. Finally, Barclays lifted their target price on shares of Hilton Worldwide from $200.00 to $204.00 and gave the stock an overweight rating in a report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Hilton Worldwide has an average rating of Moderate Buy and an average target price of $195.00.

Check Out Our Latest Stock Report on HLT

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock opened at $211.30 on Wednesday. Hilton Worldwide has a 52-week low of $129.86 and a 52-week high of $211.86. The stock has a market capitalization of $53.28 billion, a price-to-earnings ratio of 48.80, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The company has a fifty day moving average of $197.34 and a 200-day moving average of $174.70.

Hilton Worldwide (NYSE:HLTGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the company earned $1.59 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. On average, equities research analysts forecast that Hilton Worldwide will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.86%.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the transaction, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

Several institutional investors have recently bought and sold shares of HLT. OFI Invest Asset Management purchased a new position in Hilton Worldwide in the third quarter worth $25,000. EdgeRock Capital LLC purchased a new position in Hilton Worldwide in the fourth quarter worth $25,000. Activest Wealth Management purchased a new position in Hilton Worldwide in the fourth quarter worth $26,000. Frazier Financial Advisors LLC purchased a new position in Hilton Worldwide in the fourth quarter worth $28,000. Finally, Exchange Traded Concepts LLC purchased a new position in Hilton Worldwide in the third quarter worth $31,000. 94.71% of the stock is owned by hedge funds and other institutional investors.

About Hilton Worldwide

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Hilton Worldwide (NYSE:HLT)

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