HLT - Hilton Worldwide Holdings Inc.
83.34 0.00 (0.00%)
After hours: 4:30PM EST
| Previous Close | 81.39 |
| Open | 81.86 |
| Bid | 82.10 x 1200 |
| Ask | 84.00 x 2200 |
| Day's Range | 81.09 - 83.48 |
| 52 Week Range | 63.76 - 86.44 |
| Volume | 3,614,548 |
| Avg. Volume | 3,195,328 |
| Market Cap | 24.406B |
| Beta (3Y Monthly) | 0.92 |
| PE Ratio (TTM) | 33.34 |
| EPS (TTM) | 2.50 |
| Earnings Date | Feb 12, 2019 - Feb 18, 2019 |
| Forward Dividend & Yield | 0.60 (0.74%) |
| Ex-Dividend Date | 2018-11-08 |
| 1y Target Est | 86.71 |
GuruFocus.com•23 hours agoBill Ackman's Pershing Square Discloses 2 New Positions for 4th Quarter
Bill Ackman (Trades, Portfolio), manager of Pershing Square Capital Management, disclosed last week that his fund introduced two new positions and boosted four positions during the fourth quarter of 2018. Warning! GuruFocus has detected 5 Warning Sign with HLT. The fund manager said in his Feb. 13, 2019, investor presentation that Pershing Square returned -0.7% for 2018, outperforming the Standard & Poor's 500 index return of -4.4%.
- Business Wire•yesterday
DoubleTree by Hilton Focuses on Asia Pacific in Expansive Global Development
Sustaining its tremendous growth into 2019, DoubleTree by Hilton will expand its footprint around the world, with nearly half of its 200 planned hotels located in the Asia Pacific region. Fourteen new DoubleTree by Hilton properties are slated to open this year across China, Thailand, Indonesia, Australia, Sri Lanka and New Zealand, adding to the nearly 560 existing DoubleTree by Hilton properties currently in its global portfolio spanning across 45 countries. To accommodate the region’s thriving economic centers and growing tourism industries, DoubleTree by Hilton looks to provide an upscale solution to those in or traveling to the region with innovative, comfortable hotels and its signature, warm DoubleTree Cookie welcome.
- Bloomberg•2 days ago
Tchenguiz's U.K. Hiltons Said to Be Sold to Dayan-Backed Group
The group of nine hotels, which entered a form of bankruptcy protection under U.K. insolvency laws starting in early 2018, was acquired by companies controlled by Vivion Investments Sarl for 246 million pounds ($315 million), according to a filing by the administrators appointed to oversee the properties. Dayan’s family is among the investors in Vivion, the people said, asking not to be identified because the information is private. The sale marks the start of a new saga for the Zinc Hotels portfolio that was once owned by Iranian-British businessman Vincent Tchenguiz.
- Market Realist•2 days ago
Could These Bets Add to Bill Ackman’s Profits in 2019?
Is 2019 Bill Ackman’s Comeback Year after a Series of Losses?(Continued from Prior Part)Lowe’s Lowe’s (LOW) stock is up 8.2% as of February 12. While the stock has underperformed the broader markets (SPY) (QQQ) YTD (year-to-date), Pershing
- American City Business Journals•5 days ago
New hotel planned at Disney's Flamingo Crossings
A new Hilton Worldwide Holdings Inc. (NYSE: HLT) flag hotel is in the works at Walt Disney World's Flamingo Crossings mixed-use development. Anchorage-based JL Properties Inc. filed plans with the state this month for a new 250-room hotel property at Flamingo Crossings — its third property on site. Flamingo Crossings, which was master-planned by Disney, has drawn outside investors to build lodging and retail.
- Financial Times•6 days ago
[$$] Why ‘covenant lite’ loans are not the menace they seem
The novelist Richard Ford wrote that a market economy works not by giving people what they want, but by persuading them to feel good about having whatever happens to be available. Fully 80 per cent of the money that changed hands there last year was extended under what are known as “covenant lite” loans, a polite term for lending contracts that have had most of the investor protections ripped out. The safeguards in question are legal clauses that once enabled investors to grab the wheel if a company missed its financial forecasts or made other wrong turns.
- Benzinga•6 days ago
Valentine's Card From The Market: Trade Optimism Continues, Cisco Posts Strong Quarter
Investors got their Valentines from the stock market a bit early this year, with major indices mounting a rally over the last few days that would likely warm the heart of even the most enthusiastic bull. The rally had initially looked likely to continue early Thursday as investors reacted to news reports that the U.S. might be willing to extend the China trade talks deadline by as much as 60 days, and as shares of Cisco Systems, Inc. (NASDAQ: CSCO) moved higher after reporting solid earnings.
- Zacks•6 days ago
Hyatt's (H) Q4 Earnings Surpass Estimates, Revenues Miss
Hyatt's (H) fourth-quarter 2018 results were driven by comparable system-wide revenues per available room.
- Business Wire•6 days ago
Employees Rank Hilton the Best Place to Work in the U.S.
Hilton (HLT) has been recognized for its exceptional workplace culture, earning the highest honor on the 2019 Fortune Best Companies to Work For® in the U.S. list. In its fourth consecutive year on the list, Hilton has become the first hospitality company in history to achieve the #1 ranking, capping a meteoric rise from #33 in 2018. “We are in a people business – a business that relies upon the talent and passion of our team to deliver incredible experiences to our guests,” said Christopher J. Nassetta, president & CEO of Hilton.
- InvestorPlace•6 days ago
Slower Growth Is the New Norm for Hilton Stock
Shares of Hilton (NYSE:HLT) popped on Wednesday, Feb. 13, after the hotel operator reported better-than-expected fourth-quarter numbers alongside a healthy guide, which largely impressed investors. Hilton stock rose more than 5% in response. * 7 Reasons to Own Coca-Cola Stock In the big picture, Hilton's fourth-quarter earnings report confirms that slow and stable is the new norm for this company. At one point in time, this was a big grower in a rapidly expanding accommodations industry. Then, the coordinated economy rushed to the forefront and coordinators like Airbnb stole market share from Hilton and other hotel operators. Ever since, Hilton has turned into a slow grower.But Hilton has found stability in its new low-growth trajectory. And, as the old saying goes, slow and steady wins the race. That will be true for HLT shareholders. As growth continues to stabilize over the next several years, Hilton's revenues and profits will gradually move higher -- and Hilton stock will move higher too.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThus, while I'm not usually a fan of chasing of rallies, buying into Hilton stock here isn't such a bad idea. Upside to $90 looks achievable within the next 12 months. The Airbnb Threat Is Real, But Not ApocalypticEarlier this decade, Hilton was a big-growth company. RevPAR, or revenue per available room, consistently grew north of 5% every year. Occupancy rates were marching several hundred basis points higher every year. ADRs, or average daily rates, were also growing by an impressive 3%-plus every year.But, that was all before the rise of the coordinated economy and the mainstream emergence of Airbnb, which essentially democratized the supply of accommodations so that hotel operators like Hilton were no longer the only suppliers in the industry. The obvious takeaway here is that as Airbnb grew, Hilton struggled.The numbers support this. Airbnb started gaining mainstream traction in 2015. At that point in time, Hilton's growth rates started to slip. RevPAR growth slipped to 3% and lower. Occupancy rates started to stagnate. ADR growth dropped to below 3%. Ever since, Airbnb has only gained more traction, and Hilton's growth rates have remained depressed relative to their pre-Airbnb.As such, the Airbnb threat here is very real.But, it's not apocalyptic. Although RevPAR growth is slowing, it has remained above 1.5%, and is expected to remain above 1.5% again next year. Occupancy rates have continued to move gradually higher. ADRs are inching higher, too.In other words, the Hilton growth trajectory has slowed because of Airbnb. But it's also stabilizing at new low-growth rates. That's a positive, because it shows that Airbnb and coordinated economy shifts won't kill Hilton. Hilton Stock Has Upside Potential In 2019Slower is the new normal at Hilton, and slower but steady growth is enough to warrant further upside in Hilton stock in 2019.Over the next several years, consistent flat to low-single-digit RevPAR growth plus low- to mid-single-digit unit growth should allow for roughly mid-single-digit revenue growth. During that stretch, profit margins should trend gradually higher thanks to steady RevPAR growth. Interest expense will go up because of higher rates. On the flip side, the share count will fall thanks to buybacks.Overall, Hilton should be able to grow profits by a fairly steady 10% per year over the next several years. At that rate, I reasonably see 2025 earnings per share coming in around $7. The whole consumer discretionary sector normally trades around 20 forward earnings. Based on that average multiple, a reasonable 2024 price target for Hilton stock is $140. Discounted back by 9% per year (1 point off my normal 10% discount rate to account for the yield), that equates to a 2019 price target of roughly $90.Thus, below $80, Hilton stock has healthy upside potential over the next twelve months. Bottom Line on HLT StockThe Airbnb threat to Hilton is very real, but it isn't killing the company. Instead, it's just diluting the growth trajectory, but Hilton is finding stability in this new low growth trajectory. * 10 Stocks That Every 20-Year-Old Should Buy Thus, going forward, Hilton projects as a slow and steady grower. With respect to Hilton stock, slow and steady will be enough to power this stock to $90 in 2019.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post Slower Growth Is the New Norm for Hilton Stock appeared first on InvestorPlace.
Motley Fool•7 days agoHilton Worldwide Holdings Inc (HLT) Q4 2018 Earnings Conference Call Transcript
HLT earnings call for the period ending December 31, 2018.
- Motley Fool•7 days ago
Fast Unit Growth Helps Hilton Exceed Expectations
The company also benefited from higher room rates in the last three months of 2018.
Reuters•7 days agoHilton's better-than-feared forecast drives shares higher amid trade worries
The owner of Waldorf Astoria and Conrad hotel chains also expressed confidence that it could raise room rates in the United States, its biggest market, in 2019 when occupancy rates are already at record levels. Hilton said it expects U.S. RevPAR - a key performance metric for the hotel industry - to grow in line with the company average of 1 to 3 percent in 2019, and China in excess of mid-single digits, albeit at a slower pace than 2018. The company was seeing "broader economic growth that is still good in the United States and around the world," Chief Executive Officer Christopher Nassetta said, adding that Hilton's pipeline in China was in "good shape" and would continue to grow in 2019.
- American City Business Journals•7 days ago
Cambria Magnificent Mile Hotel owner gets earful from Ohio lawmaker as strike drags on
With hotel workers still on strike at the Cambria, the hotel's owner, is starting to feel increased pressure to cut a deal.
- Skift•7 days ago
What a Healthy Hilton Says About the Hotel Industry Now
Hilton reported strong fourth quarter and full-year earnings for 2018 on Wednesday morning — so much so that shares rose 6 percent to their highest level since last October. Most tellingly, systemwide revenue per available room (RevPAR) grew 3 percent in 2018, with group business RevPAR up 4 percent and corporate transient RevPAR up 2.6 […] The post What a Healthy Hilton Says About the Hotel Industry Now appeared first on Skift.
- CNBC•7 days ago
Stocks making the biggest moves midday: Teva Pharmaceuticals, Hilton, Groupon & more
Shares of the ATM maker surged 39 percent after reporting a better-than-expected quarterly revenue and upbeat guidance for 2019. Diebold expects adjusted earnings before interest, taxes, appreciation and amortization to range between $380 million and $420 million, well above a FactSet estimate of $339.8 million. Freeport-McMoRan FCX — Freeport-McMoRan's stock jumped 6.96 percent after an analyst at Morgan Stanley upgraded it, noting the company will get a boost from higher copper prices.
Yahoo Finance•7 days agoHilton delivers, Activision Blizzard disappoints, Tesla’s thinking ahead
Hilton, Activision Blizzard, Tesla, General Motors, Amazon and CBS are the companies to watch.
- Zacks•7 days ago
Markets Keeping Optimistic... For Now; Plus HLT, TEVA, DISH
Pre-market futures are again trading up today, as expectations continue to be favorable for two things that have yet to be officially resolved.
- Zacks•7 days ago
Stock Market News For Feb 13, 2019
U.S. markets closed at their highest levels for 2019 on Tuesday.
- Bloomberg•7 days ago
Hilton Jumps as Street Cheers `Healthy' Results, New Outlook
The McLean, Virginia-based hotel chain reported adjusted earnings per share for the fourth quarter of $0.79, which beat the $0.69 consensus. Hilton’s peers rose in sympathy as Marriott International Inc. increased 4 percent and Hyatt Hotels Corp. 3 percent. “We believe the resetting of expectations sets an achievable hurdle and de-risks the stock for the near term,” said analyst David Katz, who rates the shares hold with a price target of $74.
- TheStreet.com•7 days ago
Hilton Worldwide Tops Q4 Earnings Forecast, Guides for Solid Q1 Growth
posted stronger-than-expected fourth quarter earnings Tuesday, and guided for a solid start to 2019, easing concerns of a slowdown in global travel as the economy cools and oil prices rise. Hilton said adjusted earnings for the three months ending in December came in at 79 a share, up 49% from the same period last year and four cents ahead of the Street consensus forecast. Group revenues, Hilton said, rose 10.6% to $2.288 billion, modestly ahead of analysts' forecasts of "2.27 billion.
