Macquarie Issues Positive Forecast for Hilton Worldwide (NYSE:HLT) Stock Price

Hilton Worldwide (NYSE:HLT - Free Report) had its target price raised by Macquarie from $240.00 to $258.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued reports about the stock. Robert W. Baird upped their price target on shares of Hilton Worldwide from $246.00 to $276.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. assumed coverage on shares of Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price target on the stock. Bank of America upped their price target on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a report on Monday, July 21st. Evercore ISI decreased 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 report on Wednesday, April 23rd. Finally, Jefferies Financial Group upgraded shares of Hilton Worldwide from a "hold" rating to a "buy" rating and upped their price objective for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $258.56.

Hilton Worldwide Stock Up 2.2%

Shares of HLT traded up $5.93 during trading hours on Wednesday, reaching $273.50. 1,735,577 shares of the company traded hands, compared to its average volume of 1,831,321. The stock has a market capitalization of $64.32 billion, a P/E ratio of 42.01, a P/E/G ratio of 2.71 and a beta of 1.25. Hilton Worldwide has a 12-month low of $196.04 and a 12-month high of $279.46. The business has a fifty day moving average price of $259.41 and a 200-day moving average price of $246.86.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.16. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.91 earnings per share. As a group, research analysts predict 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 given a $0.15 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. Hilton Worldwide's dividend payout ratio is presently 9.22%.

Hedge Funds Weigh In On Hilton Worldwide

Large investors have recently made changes to their positions in the business. Fiduciary Trust Co lifted its stake in Hilton Worldwide by 0.5% during the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock valued at $1,810,000 after buying an additional 38 shares in the last quarter. Summit Financial LLC lifted its stake in Hilton Worldwide by 4.3% during the first quarter. Summit Financial LLC now owns 968 shares of the company's stock valued at $220,000 after buying an additional 40 shares in the last quarter. Relyea Zuckerberg Hanson LLC lifted its stake in Hilton Worldwide by 2.8% during 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 in the last quarter. Sage Rhino Capital LLC lifted its stake in Hilton Worldwide by 4.4% during 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 in the last quarter. Finally, KWB Wealth lifted its stake in Hilton Worldwide by 2.0% during 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 in the last quarter. 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.