Hilton Worldwide Holdings Inc. (NYSE:HLT) Plans Quarterly Dividend of $0.15 – MarketBeat

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Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) declared a quarterly dividend on Wednesday, October 26th, Zacks reports. Investors of record on Thursday, November 10th will be paid a dividend of 0.15 per share on Friday, December 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 9th.
Hilton Worldwide has a payout ratio of 10.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hilton Worldwide to earn $5.36 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 11.2%.

Hilton Worldwide Stock Down 0.5 %

Shares of NYSE:HLT opened at $129.99 on Thursday. The stock has a market cap of $35.65 billion, a PE ratio of 37.68, a PEG ratio of 0.66 and a beta of 1.21. The company’s fifty day moving average is $127.68 and its 200 day moving average is $130.70. Hilton Worldwide has a 52 week low of $108.41 and a 52 week high of $167.99.
Hilton Worldwide (NYSE:HLTGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.24. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.10 billion. Hilton Worldwide had a net margin of 12.83% and a negative return on equity of 114.54%. The company’s revenue was up 68.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. Sell-side analysts anticipate that Hilton Worldwide will post 4.41 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new position in Hilton Worldwide in the first quarter worth about $91,000. Cetera Advisor Networks LLC raised its holdings in shares of Hilton Worldwide by 7.9% during the first quarter. Cetera Advisor Networks LLC now owns 1,473 shares of the company’s stock valued at $224,000 after purchasing an additional 108 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Hilton Worldwide by 8.0% during the first quarter. D.A. Davidson & CO. now owns 1,499 shares of the company’s stock valued at $227,000 after purchasing an additional 111 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Hilton Worldwide during the first quarter valued at approximately $230,000. Finally, Centaurus Financial Inc. raised its holdings in shares of Hilton Worldwide by 108.4% during the first quarter. Centaurus Financial Inc. now owns 1,540 shares of the company’s stock valued at $234,000 after purchasing an additional 801 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HLT shares. UBS Group raised their price target on shares of Hilton Worldwide from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Berenberg Bank raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and lifted their target price for the company from $140.00 to $152.00 in a research note on Thursday, September 15th. StockNews.com initiated coverage on shares of Hilton Worldwide in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Cowen cut their target price on shares of Hilton Worldwide to $130.00 in a research note on Friday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Hilton Worldwide from $120.00 to $123.00 in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $150.59.

About Hilton Worldwide

(Get Rating)
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

See Also

Dividend History for Hilton Worldwide (NYSE:HLT)
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