Hilton Hotels Co. (NYSE:HLT) has received a consensus rating of “Buy” from the twenty brokerages that are presently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $92.42.
Several research firms have recently weighed in on HLT. Citigroup upped their price objective on Hilton Hotels from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Deutsche Bank restated a “hold” rating and set a $95.00 price target on shares of Hilton Hotels in a research report on Wednesday, July 24th. Cleveland Research lowered Hilton Hotels from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Morgan Stanley increased their price target on Hilton Hotels from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Finally, Zacks Investment Research lowered Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank lifted its holdings in Hilton Hotels by 85.3% during the 2nd quarter. First Hawaiian Bank now owns 2,918 shares of the company’s stock worth $285,000 after buying an additional 1,343 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in Hilton Hotels by 10.2% during the 1st quarter. IFM Investors Pty Ltd now owns 18,015 shares of the company’s stock worth $1,497,000 after buying an additional 1,667 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in Hilton Hotels by 3.0% during the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 21,210 shares of the company’s stock worth $2,051,000 after buying an additional 626 shares in the last quarter. Pelham Capital Ltd. lifted its holdings in Hilton Hotels by 11.7% during the 1st quarter. Pelham Capital Ltd. now owns 2,584,410 shares of the company’s stock worth $214,790,000 after buying an additional 270,000 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Hilton Hotels by 3.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,979 shares of the company’s stock worth $388,000 after buying an additional 148 shares in the last quarter. Institutional investors and hedge funds own 96.59% of the company’s stock.
Shares of HLT stock traded up $1.40 during trading hours on Friday, hitting $93.01. The company had a trading volume of 1,241,500 shares, compared to its average volume of 2,276,035. Hilton Hotels has a 12 month low of $63.76 and a 12 month high of $101.14. The firm has a market capitalization of $26.39 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 2.80 and a beta of 1.09. The firm’s fifty day moving average is $96.69 and its 200 day moving average is $89.42. The company has a debt-to-equity ratio of 78.08, a quick ratio of 0.80 and a current ratio of 0.80.
Hilton Hotels (NYSE:HLT) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.05. Hilton Hotels had a return on equity of 330.66% and a net margin of 8.71%. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the company posted $0.70 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. On average, sell-side analysts expect that Hilton Hotels will post 3.86 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 9th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.60 dividend on an annualized basis and a yield of 0.65%. Hilton Hotels’s dividend payout ratio (DPR) is presently 21.51%.
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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