Hilton Worldwide Holdings Inc. (NYSE:HLT) Stock Has Consensus Price Target of $365.08 According to Brokerages

Key Points

• Analysts rate Hilton Worldwide a “Moderate Buy”: 18 of 27 analysts recommend buying or strong buying, and the average 12-month price target is $365.08. JPMorgan raised its target to $387.
• Hilton reported quarterly earnings of $2.45 per share, beating the $2.37 consensus estimate; revenue increased 6.6% year over year.
• The company announced a quarterly dividend of $0.15 per share, or $0.60 annually, representing a 0.2% yield.

Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $365.08.

HLT has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Hilton Worldwide from $365.00 to $387.00 and gave the stock an "overweight" rating in a report on Wednesday, October 21st. Robert W. Baird raised their target price on shares of Hilton Worldwide from $360.00 to $362.00 and gave the company an "outperform" rating in a research note on Wednesday, October 28th. Truist Financial lifted their price target on shares of Hilton Worldwide from $312.00 to $316.00 and gave the company a "hold" rating in a report on Thursday, September 10th. Susquehanna boosted their price target on shares of Hilton Worldwide from $345.00 to $360.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 28th. Finally, Weiss Ratings downgraded shares of Hilton Worldwide from a "buy (b-)" rating to a "hold (c)" rating in a report on Wednesday, October 28th.

Hilton Worldwide Trading Up 1.7%

NYSE:HLT opened at $379.76 on Wednesday. The stock has a 50-day moving average price of $331.32 and a 200 day moving average price of $323.33. The stock has a market capitalization of $84.50 billion, a P/E ratio of 51.32, a P/E/G ratio of 2.95 and a beta of 1.08. Hilton Worldwide has a 12-month low of $263.95 and a 12-month high of $381.34.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $2.45 EPS for the quarter, topping 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 company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $3.37 billion. During the same period in the previous year, the firm earned $2.11 EPS. The firm's revenue was up 6.6% compared to the same quarter last year. On average, research analysts predict that Hilton Worldwide will post 9.17 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 1st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, December 1st. Hilton Worldwide's payout ratio is currently 8.11%.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 7,289 shares of the firm's stock in a transaction that occurred on 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 owned 33,458 shares in the company, valued at $10,365,622.98. This trade represents a 17.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Kevin Jacobs sold 151,050 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $356.19, for a total value of $53,802,499.50. Following the completion of the sale, the insider directly owned 293,758 shares in the company, valued at approximately $104,633,662.02. The trade was a 33.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 174,416 shares of company stock valued at $61,985,662 in the last ninety days. Corporate insiders own 2.70% of the company's stock.

Hedge Funds Weigh In On Hilton Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Frazier Financial Advisors LLC purchased a new stake in shares of Hilton Worldwide during the 2nd quarter valued at about $25,000. IMG Wealth Management Inc. bought a new stake in Hilton Worldwide during the second quarter worth approximately $26,000. Trust Co. of Vermont bought a new stake in Hilton Worldwide during the second quarter worth approximately $26,000. Elevation Wealth Partners LLC raised its position in Hilton Worldwide by 1,128.6% during the second quarter. Elevation Wealth Partners LLC now owns 86 shares of the company's stock valued at $28,000 after purchasing an additional 79 shares during the period. Finally, Continuum Advisory LLC purchased a new stake in Hilton Worldwide during the second quarter valued at approximately $31,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc. is a global hospitality company that develops, manages, franchises and licenses hotels and resorts. Its portfolio serves a range of travelers, from luxury and leisure guests to business travelers and extended-stay customers. Hilton also operates a vacation ownership business through Hilton Grand Vacations under a long-term brand and licensing relationship. The company's brands include Waldorf Astoria, Conrad, Hilton Hotels & Resorts, DoubleTree, Embassy Suites, Hilton Garden Inn, Hampton, Homewood Suites and Hilton Honors, its guest loyalty program.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.