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

Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) have received an average recommendation of “Moderate Buy” from the twenty-seven research firms that are covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $365.08.

Several analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Hilton Worldwide from $312.00 to $316.00 and gave the company a “hold” rating in a research report on Thursday, September 10th. Weiss Ratings downgraded Hilton Worldwide from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Susquehanna raised their price objective on Hilton Worldwide from $345.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. JPMorgan Chase & Co. lifted their target price on Hilton Worldwide from $365.00 to $387.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Freedom Broker initiated coverage on Hilton Worldwide in a research report on Wednesday, October 14th. They set a “buy” rating and a $359.00 target price on the stock.

Insider Activity

In other Hilton Worldwide news, insider Christopher W. Silcock sold 15,638 shares of Hilton Worldwide stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $370.17, for a total transaction of $5,788,718.46. Following the completion of the sale, the insider owned 88,257 shares of the company’s stock, valued at approximately $32,670,093.69. The trade was a 15.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Laura Fuentes sold 7,289 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 33,458 shares of the company’s stock, valued at approximately $10,365,622.98. This trade represents a 17.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 174,416 shares of company stock worth $61,985,662 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC purchased a new position in Hilton Worldwide in the 2nd quarter valued at about $25,000. IMG Wealth Management Inc. acquired a new position in Hilton Worldwide during the second quarter worth $26,000. Trust Co. of Vermont purchased a new stake in Hilton Worldwide in the 2nd quarter valued at $26,000. Elevation Wealth Partners LLC increased its stake in shares of Hilton Worldwide by 1,128.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock worth $28,000 after acquiring an additional 79 shares during the last quarter. Finally, Continuum Advisory LLC acquired a new stake in shares of Hilton Worldwide in the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 0.1%

HLT opened at $373.09 on Wednesday. The company has a market capitalization of $83.01 billion, a PE ratio of 50.42, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08. The firm has a 50-day simple moving average of $335.02 and a two-hundred day simple moving average of $324.48. Hilton Worldwide has a 52 week low of $263.95 and a 52 week high of $381.34.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm 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 posted $2.11 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts expect that Hilton Worldwide will post 9.17 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

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

About Hilton Worldwide

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.