Hilton Worldwide (NYSE:HLT) Sets New 1-Year High at $219.25

Hilton Worldwide Holdings Inc. (NYSE:HLT) shares reached a new 52-week high on Wednesday . The stock traded as high as $219.25 and last traded at $219.22, with a volume of 1093068 shares. The stock had previously closed at $215.25.

Analysts Set New Price Targets

Several research firms have recently weighed in on HLT. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 20th. Robert W. Baird boosted their target price on shares of Hilton Worldwide from $212.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Evercore ISI boosted their target price on shares of Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research report on Wednesday, March 20th. HSBC boosted their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Finally, Truist Financial boosted their target price on shares of Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $208.00.

Hilton Worldwide Stock Performance

The business’s 50 day moving average price is $208.02 and its two-hundred day moving average price is $201.26. The company has a market capitalization of $55.19 billion, a price-to-earnings ratio of 47.98, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 EPS. On average, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 17th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, May 16th. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, Director Melanie Healey bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $199.65 per share, with a total value of $399,300.00. Following the completion of the purchase, the director now directly owns 14,938 shares in the company, valued at $2,982,371.70. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.50% of the company’s stock.

Institutional Trading of Hilton Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EdgeRock Capital LLC purchased a new stake in shares of Hilton Worldwide in the 4th quarter valued at approximately $25,000. Activest Wealth Management purchased a new stake in shares of Hilton Worldwide in the 4th quarter valued at approximately $26,000. Independence Bank of Kentucky lifted its position in shares of Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 50 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Hilton Worldwide in the 4th quarter valued at approximately $28,000. Finally, Raleigh Capital Management Inc. lifted its position in shares of Hilton Worldwide by 48.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after acquiring an additional 56 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

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.