Hilton Worldwide Holdings Inc. (NYSE:HLT) Declares Quarterly Dividend of $0.15

Hilton Worldwide Holdings Inc. (NYSE:HLT) declared a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.15 per share on Friday, December 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Friday, November 15th.

Hilton Worldwide has increased its dividend by an average of 58.7% annually over the last three years. Hilton Worldwide has a dividend payout ratio of 7.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hilton Worldwide to earn $7.86 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 7.6%.

Hilton Worldwide Stock Up 0.8 %

Shares of Hilton Worldwide stock opened at $252.65 on Thursday. The stock has a market cap of $61.59 billion, a price-to-earnings ratio of 54.22, a P/E/G ratio of 3.15 and a beta of 1.30. Hilton Worldwide has a twelve month low of $164.25 and a twelve month high of $254.06. The company’s fifty day moving average is $231.41 and its 200 day moving average is $217.68.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business posted $1.67 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate that Hilton Worldwide will post 7 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the transaction, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

HLT has been the topic of several recent research reports. Macquarie increased their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. The Goldman Sachs Group initiated coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective for the company. Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Evercore ISI raised their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $228.71.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.