Hilton Worldwide Holdings Inc (HLT) Given Overweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of Hilton Worldwide Holdings Inc (NYSE:HLT) in a report issued on Friday. The brokerage currently has a $66.00 price objective on the stock.

HLT has been the topic of a number of other research reports. Royal Bank of Canada restated an outperform rating and set a $62.00 price objective (up previously from $26.00) on shares of Hilton Worldwide Holdings in a research note on Tuesday, January 17th. Morgan Stanley restated an overweight rating and set a $61.00 price objective on shares of Hilton Worldwide Holdings in a research note on Wednesday, January 18th. Zacks Investment Research upgraded Hilton Worldwide Holdings from a hold rating to a strong-buy rating and set a $66.00 price objective on the stock in a research note on Friday, January 6th. Berenberg Bank lowered Hilton Worldwide Holdings from a hold rating to a sell rating in a research note on Thursday, January 5th. Finally, Evercore ISI lowered Hilton Worldwide Holdings from a buy rating to a hold rating and set a $75.00 price objective on the stock. in a research note on Monday, November 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $73.43.

Shares of Hilton Worldwide Holdings (NYSE:HLT) traded down 0.78% during trading on Friday, hitting $57.47. The stock had a trading volume of 401,447 shares. The stock has a market capitalization of $18.95 billion, a price-to-earnings ratio of 54.73 and a beta of 1.33. The stock has a 50 day moving average price of $57.82 and a 200-day moving average price of $52.62. Hilton Worldwide Holdings has a one year low of $55.00 and a one year high of $83.85.

Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings data on Wednesday, February 15th. The company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.05. Hilton Worldwide Holdings had a return on equity of 13.84% and a net margin of 13.35%. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same quarter last year, the company earned $0.22 EPS. The company’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts predict that Hilton Worldwide Holdings will post $1.75 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be paid a $0.15 dividend. This is a positive change from Hilton Worldwide Holdings’s previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, March 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is presently 17.95%.

Institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Hilton Worldwide Holdings during the fourth quarter valued at about $948,417,000. OZ Management LP raised its position in shares of Hilton Worldwide Holdings by 86.3% in the third quarter. OZ Management LP now owns 14,486,936 shares of the company’s stock valued at $332,185,000 after buying an additional 6,712,532 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Hilton Worldwide Holdings by 2.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 12,848,190 shares of the company’s stock valued at $294,609,000 after buying an additional 336,290 shares during the last quarter. Pzena Investment Management LLC acquired a new position in shares of Hilton Worldwide Holdings during the third quarter valued at about $224,815,000. Finally, Standard Life Investments LTD raised its position in shares of Hilton Worldwide Holdings by 91.4% in the third quarter. Standard Life Investments LTD now owns 6,293,713 shares of the company’s stock valued at $144,283,000 after buying an additional 3,005,741 shares during the last quarter.

About Hilton Worldwide Holdings

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

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