JPMorgan Chase & Co. Boosts Hilton Worldwide (NYSE:HLT) Price Target to $216.00

Hilton Worldwide (NYSE:HLT) had its target price raised by JPMorgan Chase & Co. from $200.00 to $216.00 in a research note released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts also recently weighed in on HLT. HSBC increased their price objective on Hilton Worldwide from $219.00 to $254.00 and gave the company a buy rating in a report on Wednesday, April 3rd. Macquarie reissued a neutral rating and issued a $192.00 price objective on shares of Hilton Worldwide in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Hilton Worldwide from $176.00 to $185.00 and gave the company a hold rating in a report on Thursday, April 25th. Robert W. Baird upped their price target on Hilton Worldwide from $212.00 to $215.00 and gave the stock an outperform rating in a research note on Thursday, April 25th. Finally, Truist Financial upped their price target on Hilton Worldwide from $199.00 to $209.00 and gave the stock a hold rating in a research note on Thursday, April 25th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $208.89.

Hilton Worldwide Stock Up 0.1 %

Shares of HLT opened at $219.19 on Friday. The stock has a 50 day moving average price of $210.43 and a 200 day moving average price of $203.26. The company has a market capitalization of $54.81 billion, a price-to-earnings ratio of 47.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. Hilton Worldwide has a 52-week low of $146.00 and a 52-week high of $229.03.

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

Hilton Worldwide Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, May 16th. Hilton Worldwide’s payout ratio is currently 13.04%.

Insider Activity at Hilton Worldwide

In related news, Director Melanie Healey acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price 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 document filed with the SEC, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of Hilton Worldwide

A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in Hilton Worldwide by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after buying an additional 761,104 shares during the last quarter. Putnam Investments LLC boosted its stake in Hilton Worldwide by 6.0% in the 4th quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock worth $696,680,000 after buying an additional 216,219 shares during the last quarter. Capital World Investors boosted its stake in Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after buying an additional 1,246,662 shares during the last quarter. Norges Bank acquired a new stake in Hilton Worldwide in the 4th quarter worth about $475,073,000. Finally, TD Asset Management Inc boosted its stake in Hilton Worldwide by 2.8% in the 1st quarter. TD Asset Management Inc now owns 2,132,393 shares of the company’s stock worth $454,861,000 after buying an additional 57,895 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Company Profile

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.