Hilton Hotels (HLT) Hits New 12-Month High at $88.69

Hilton Hotels Co. (NYSE:HLT) shares reached a new 52-week high on Thursday . The stock traded as high as $88.69 and last traded at $88.45, with a volume of 26839 shares traded. The stock had previously closed at $87.99.

Several research firms have recently weighed in on HLT. Royal Bank of Canada lifted their target price on shares of Hilton Hotels from $84.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. Wells Fargo & Co lifted their price target on shares of Hilton Hotels from $80.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Cowen set a $81.00 price target on shares of Hilton Hotels and gave the company a “buy” rating in a research report on Thursday, February 14th. Zacks Investment Research lowered shares of Hilton Hotels from a “hold” rating to a “sell” rating in a research report on Friday, January 11th. Finally, SunTrust Banks lifted their price target on shares of Hilton Hotels to $99.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $87.17.

The company has a debt-to-equity ratio of 13.02, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $25.83 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 2.64 and a beta of 1.18.

Hilton Hotels (NYSE:HLT) last issued its quarterly earnings data on Wednesday, February 13th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Hilton Hotels had a return on equity of 98.93% and a net margin of 8.58%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 EPS. As a group, analysts predict that Hilton Hotels Co. will post 3.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Thursday, February 28th. Hilton Hotels’s dividend payout ratio (DPR) is presently 21.51%.

In related news, insider Kevin J. Jacobs sold 53,023 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $81.30, for a total transaction of $4,310,769.90. Following the completion of the transaction, the insider now owns 252,856 shares of the company’s stock, valued at approximately $20,557,192.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC lifted its stake in Hilton Hotels by 100.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 465 shares of the company’s stock worth $33,000 after purchasing an additional 233 shares in the last quarter. Lindbrook Capital LLC purchased a new position in shares of Hilton Hotels during the fourth quarter valued at approximately $37,000. Arbor Wealth Management LLC purchased a new position in shares of Hilton Hotels during the fourth quarter valued at approximately $41,000. We Are One Seven LLC purchased a new position in shares of Hilton Hotels during the fourth quarter valued at approximately $55,000. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in shares of Hilton Hotels by 135.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 782 shares of the company’s stock valued at $56,000 after buying an additional 450 shares during the period. 96.59% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Hilton Hotels (HLT) Hits New 12-Month High at $88.69” was published by WKRB News and is the sole property of of WKRB News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.wkrb13.com/2019/04/11/hilton-hotels-hlt-hits-new-12-month-high-at-88-69.html.

About Hilton Hotels (NYSE:HLT)

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, and Hilton Grand Vacations brands.

Recommended Story: Bull Market

Receive News & Ratings for Hilton Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Hotels and related companies with MarketBeat.com's FREE daily email newsletter.