Hilton Worldwide Holdings Inc. (NYSE:HLT) Receives Consensus Rating of "Hold" from Brokerages – MarketBeat

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Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) have been assigned a consensus rating of “Hold” from the seventeen analysts that are covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $151.63.
HLT has been the subject of a number of research analyst reports. Cowen boosted their target price on Hilton Worldwide to $140.00 in a research report on Tuesday, November 1st. UBS Group upped their price objective on Hilton Worldwide from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Berenberg Bank raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and boosted their target price for the company from $140.00 to $152.00 in a report on Thursday, September 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Hilton Worldwide from $120.00 to $123.00 in a report on Thursday, October 27th. Finally, StockNews.com began coverage on shares of Hilton Worldwide in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

Hilton Worldwide Stock Down 1.1 %

Shares of NYSE:HLT opened at $137.91 on Tuesday. The firm has a market cap of $37.30 billion, a P/E ratio of 35.82, a P/E/G ratio of 0.70 and a beta of 1.21. Hilton Worldwide has a 12-month low of $108.41 and a 12-month high of $167.99. The business has a fifty day simple moving average of $128.77 and a 200 day simple moving average of $128.03.
Hilton Worldwide announced that its Board of Directors has initiated a share buyback program on Friday, November 11th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 6.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, November 10th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Wednesday, November 9th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 15.58%.

Hedge Funds Weigh In On Hilton Worldwide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its position in Hilton Worldwide by 32.5% during the second quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. Allworth Financial LP raised its holdings in Hilton Worldwide by 1,024.1% during the third quarter. Allworth Financial LP now owns 326 shares of the company’s stock worth $39,000 after purchasing an additional 297 shares in the last quarter. Private Trust Co. NA acquired a new stake in Hilton Worldwide during the second quarter worth approximately $39,000. Baron Silver Stevens Financial Advisors LLC acquired a new stake in Hilton Worldwide during the third quarter worth approximately $287,000. Finally, CI Investments Inc. increased its holdings in shares of Hilton Worldwide by 973.5% in the 3rd quarter. CI Investments Inc. now owns 365 shares of the company’s stock valued at $44,000 after acquiring an additional 331 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Company Profile

(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.

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Analyst Recommendations for Hilton Worldwide (NYSE:HLT)
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