Key Points
- Hilton insider Christopher Silcock sold 15,638 shares at an average of $370.17, worth about $5.79 million. He retained 88,257 shares after the sale.
- Hilton reported quarterly EPS of $2.45, topping the $2.37 analyst consensus; revenue rose 6.6% year over year to $1.37 billion.
- Analysts’ consensus rating was “Moderate Buy,” with an average price target of $365.08. Hilton also announced a quarterly dividend of $0.15 per share.
Hilton Worldwide Holdings Inc. (NYSE:HLT - Get Free Report) insider Christopher Silcock sold 15,638 shares of the business's stock in a transaction on Friday, November 6th. The shares were sold at an average price of $370.17, for a total transaction of $5,788,718.46. Following the sale, the insider owned 88,257 shares of the company's stock, valued at approximately $32,670,093.69. This represents a 15.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Hilton Worldwide Price Performance
NYSE HLT opened at $379.76 on Wednesday. The business's fifty day moving average price is $331.32 and its 200-day moving average price is $323.33. The stock has a market capitalization of $84.50 billion, a price-to-earnings ratio of 51.32, a PEG ratio of 2.95 and a beta of 1.08. Hilton Worldwide Holdings Inc. has a 1-year low of $263.95 and a 1-year high of $381.34.
Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.08. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the business posted $2.11 EPS. The company's revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 9.17 EPS for the current year.
Hilton Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, December 1st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide's dividend payout ratio is currently 8.11%.
Hedge Funds Weigh In On Hilton Worldwide
A number of institutional investors have recently bought and sold shares of HLT. Empowered Funds LLC bought a new position in shares of Hilton Worldwide during the 2nd quarter valued at approximately $10,140,000. Jefferies Financial Group Inc. purchased a new stake in Hilton Worldwide in the 2nd quarter worth approximately $1,909,000. Northwestern Mutual Wealth Management Co. raised its stake in Hilton Worldwide by 2.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 200,598 shares of the company's stock worth $66,290,000 after acquiring an additional 4,700 shares during the period. Nykredit A S bought a new stake in Hilton Worldwide during the 2nd quarter worth approximately $41,279,000. Finally, Two Sigma Securities LLC purchased a new position in Hilton Worldwide during the second quarter valued at approximately $4,775,000. 95.90% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on HLT shares. CICC Research initiated coverage on Hilton Worldwide in a research note on Wednesday, August 12th. They set an "outperform" rating for the company. Citigroup increased their price objective on shares of Hilton Worldwide from $335.00 to $400.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 3rd. Freedom Broker began coverage on shares of Hilton Worldwide in a research note on Wednesday, October 14th. They issued a "buy" rating and a $359.00 price objective on the stock. Robert W. Baird raised their price objective on shares of Hilton Worldwide from $360.00 to $362.00 and gave the stock an "outperform" rating in a report on Wednesday, October 28th. Finally, Susquehanna boosted their target price on shares of Hilton Worldwide from $345.00 to $360.00 and gave the company a "neutral" rating in a research report on Wednesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $365.08.
Check Out Our Latest Stock Report on Hilton Worldwide
About Hilton Worldwide
(
Get Free Report)
Hilton Worldwide Holdings Inc. is a global hospitality company that develops, manages, franchises and licenses hotels and resorts. Its portfolio serves a range of travelers, from luxury and leisure guests to business travelers and extended-stay customers. Hilton also operates a vacation ownership business through Hilton Grand Vacations under a long-term brand and licensing relationship. The company's brands include Waldorf Astoria, Conrad, Hilton Hotels & Resorts, DoubleTree, Embassy Suites, Hilton Garden Inn, Hampton, Homewood Suites and Hilton Honors, its guest loyalty program.
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