HILTON WORLDWIDE HOLDINGS INC. $145 is a hold. The company (New York symbol HLT; Consumer Sector; Shares outstanding: 278.7 million; Market cap: $40.4 billion; Dividend suspended; Takeover Target Rating: Medium; www.hiltonworldwide.com) owns, manages and franchises hotels under several brands, including Hilton, Waldorf Astoria, Doubletree and Embassy Suites by Hilton. The U.S. accounts for 71% of the company’s 1.06 million rooms.
Activist investor Bill Ackman, through his Pershing Square Capital Management hedge fund, now owns 5% of Hilton’s shares. Ackman likes the company’s “asset light” business model, which has let it generate positive cash flow despite the COVID-19 travel restrictions.
The stock has more than tripled since falling to $44.30 in March 2020 during on the onset of COVID-19. However, the shares are expensive at 64.2 times the $2.26 a share that Hilton will likely earn in 2021.
Hilton Worldwide is a hold. hold…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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