Hilton Worldwide Holdings Inc. (NYSE:HLT - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $277.17 and last traded at $277.04, with a volume of 499115 shares trading hands. The stock had previously closed at $272.53.
Wall Street Analyst Weigh In
Several research firms recently weighed in on HLT. Dbs Bank raised Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Barclays dropped their price target on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird upped their target price on Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and upped their target price for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Finally, Morgan Stanley dropped their target price on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Hilton Worldwide has a consensus rating of "Moderate Buy" and a consensus target price of $249.06.
Read Our Latest Stock Analysis on Hilton Worldwide
Hilton Worldwide Stock Performance
The firm has a 50 day moving average of $253.68 and a two-hundred day moving average of $244.93. The stock has a market cap of $65.97 billion, a P/E ratio of 43.77, a P/E/G ratio of 3.13 and a beta of 1.25.
Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 49.50% and a net margin of 13.90%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the company earned $1.53 EPS. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.
Hilton Worldwide Announces Dividend
The company also recently disclosed a dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, May 26th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide's dividend payout ratio is currently 9.46%.
Institutional Trading of Hilton Worldwide
A number of hedge funds have recently modified their holdings of HLT. Norges Bank bought a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $694,787,000. Nuveen LLC bought a new position in shares of Hilton Worldwide during the 1st quarter worth approximately $353,985,000. GAMMA Investing LLC lifted its position in shares of Hilton Worldwide by 23,543.6% during the 1st quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company's stock worth $2,397,370,000 after buying an additional 1,049,101 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Hilton Worldwide by 13.2% during the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock worth $1,952,314,000 after buying an additional 919,424 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Hilton Worldwide by 26.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company's stock worth $806,999,000 after buying an additional 685,023 shares during the period. Institutional investors own 95.90% of the company's stock.
About Hilton Worldwide
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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.
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