Hilton Hotels Co. (NYSE:HLT) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be paid a dividend of 0.15 per share on Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, May 16th.
Hilton Hotels has raised its dividend payment by an average of 12.6% per year over the last three years. Hilton Hotels has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hilton Hotels to earn $4.23 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 14.2%.
Shares of HLT stock opened at $91.74 on Wednesday. The company has a market cap of $26.01 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 78.08. Hilton Hotels has a 12-month low of $63.76 and a 12-month high of $93.72.
Hilton Hotels (NYSE:HLT) last released its earnings results on Wednesday, May 1st. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.21 billion. Hilton Hotels had a return on equity of 201.77% and a net margin of 8.42%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. On average, research analysts predict that Hilton Hotels will post 3.85 EPS for the current year.
Several equities analysts have recently weighed in on HLT shares. Zacks Investment Research downgraded Hilton Hotels from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Cowen set a $81.00 target price on Hilton Hotels and gave the company a “buy” rating in a research report on Thursday, February 14th. SunTrust Banks raised their target price on Hilton Hotels to $99.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Wells Fargo & Co raised their target price on Hilton Hotels from $80.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Finally, Royal Bank of Canada raised their target price on Hilton Hotels from $84.00 to $93.00 and gave the company an “outperform” rating in a research report on Tuesday, February 19th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Hilton Hotels has a consensus rating of “Buy” and an average price target of $90.84.
In related news, insider Kevin J. Jacobs sold 53,023 shares of Hilton Hotels stock in a transaction on Friday, February 15th. The stock was sold at an average price of $81.30, for a total value of $4,310,769.90. Following the completion of the transaction, the insider now directly owns 252,856 shares in the company, valued at $20,557,192.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ian Russell Carter sold 21,700 shares of Hilton Hotels stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $92.48, for a total value of $2,006,816.00. Following the completion of the transaction, the insider now owns 594,459 shares of the company’s stock, valued at $54,975,568.32. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
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Hilton Hotels Company Profile
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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.
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