Hilton Worldwide (NYSE:HLT) Raised to Strong-Buy at Dbs Bank

Dbs Bank upgraded shares of Hilton Worldwide (NYSE:HLT - Free Report) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group reiterated a "neutral" rating and set a $235.00 price target (down from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Evercore ISI lowered their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley cut their target price on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial dropped their price objective on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Finally, Mizuho restated a "neutral" rating and set a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Eleven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hilton Worldwide currently has an average rating of "Hold" and a consensus target price of $245.56.

Hilton Worldwide Stock Performance

NYSE:HLT traded down $2.54 during trading hours on Wednesday, reaching $253.91. The company's stock had a trading volume of 428,838 shares, compared to its average volume of 2,115,710. The firm has a market capitalization of $60.35 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 2.86 and a beta of 1.23. The firm has a 50-day simple moving average of $226.91 and a 200-day simple moving average of $243.43. Hilton Worldwide has a 1 year low of $194.93 and a 1 year high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued 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 54.47% and a net margin of 13.74%. The company had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.73 billion. During the same period in the prior year, the business posted $1.53 EPS. Hilton Worldwide's quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Hilton Worldwide will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, June 27th. Investors of record on Monday, May 26th will be given a dividend of $0.15 per share. This represents a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, May 23rd. Hilton Worldwide's dividend payout ratio (DPR) is currently 9.46%.

Hedge Funds Weigh In On Hilton Worldwide

A number of hedge funds have recently bought and sold shares of HLT. Noble Wealth Management PBC bought a new stake in shares of Hilton Worldwide in the fourth quarter worth $27,000. VSM Wealth Advisory LLC purchased a new stake in Hilton Worldwide in the fourth quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Hilton Worldwide in the fourth quarter worth about $34,000. Sierra Ocean LLC bought a new position in shares of Hilton Worldwide during the 4th quarter valued at approximately $36,000. Finally, ORG Partners LLC increased its holdings in Hilton Worldwide by 78.7% in the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Company Profile

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.