Hilton Worldwide (NYSE:HLT) Price Target Raised to $258.00

Hilton Worldwide (NYSE:HLT - Free Report) had its price target upped by Macquarie from $240.00 to $258.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Macquarie currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on HLT. Truist Financial decreased their price objective on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Barclays decreased their price objective on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $228.00 to $296.00 in a research note on Monday, May 12th. Robert W. Baird lifted their price objective on Hilton Worldwide from $246.00 to $276.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Finally, Evercore ISI decreased their target price on 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. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide presently has an average rating of "Moderate Buy" and a consensus target price of $258.56.

Hilton Worldwide Price Performance

Shares of NYSE HLT traded up $5.93 during midday trading on Wednesday, hitting $273.50. The stock had a trading volume of 1,735,577 shares, compared to its average volume of 2,179,280. The company's 50-day simple moving average is $259.41 and its 200 day simple moving average is $246.86. The firm has a market cap of $64.32 billion, a P/E ratio of 42.01, a price-to-earnings-growth ratio of 2.72 and a beta of 1.25. Hilton Worldwide has a fifty-two week low of $196.04 and a fifty-two week high of $279.46.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.04 by $0.16. The company had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.09 billion. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The business's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $1.91 EPS. Equities analysts expect that Hilton Worldwide will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.22%. Hilton Worldwide's payout ratio is presently 9.22%.

Institutional Trading of Hilton Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fiduciary Trust Co raised its holdings in Hilton Worldwide by 0.5% during the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock worth $1,810,000 after acquiring an additional 38 shares in the last quarter. Summit Financial LLC raised its holdings in Hilton Worldwide by 4.3% during the first quarter. Summit Financial LLC now owns 968 shares of the company's stock worth $220,000 after acquiring an additional 40 shares in the last quarter. Relyea Zuckerberg Hanson LLC raised its stake in Hilton Worldwide by 2.8% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 1,447 shares of the company's stock valued at $385,000 after buying an additional 40 shares during the period. Sage Rhino Capital LLC raised its stake in Hilton Worldwide by 4.4% in the second quarter. Sage Rhino Capital LLC now owns 963 shares of the company's stock valued at $256,000 after buying an additional 41 shares during the period. Finally, KWB Wealth raised its stake in Hilton Worldwide by 2.0% in the second quarter. KWB Wealth now owns 2,135 shares of the company's stock valued at $569,000 after buying an additional 42 shares during the period. Institutional investors own 95.90% of the company's stock.

About Hilton Worldwide

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.