Advertisement
investing

The Best Stock in Virginia: Hilton Worldwide Holdings

We analyzed publicly traded companies based in the Old Dominion to identify the best stock in Virginia to buy now.

We scoured the nation to identify the best stock in every state. Hilton Worldwide Holdings (symbol HLT) is the publicly traded company we picked in Virginia. The company headquarters is located in McLean.

A word of caution: Since we selected a single stock from each state (plus one from D.C), and choices in some states are sparse, a few of our picks are best suited to investors comfortable with a higher degree of risk. This is not necessarily one of our 51 favorite stocks in the entire U.S., in other words.

Hilton Worldwide Holdings by the Numbers

  • Headquarters: McLean
  • Share price: $65.20
  • Market value: $21.3 billion
  • Price-earnings ratio: 35
Advertisement - Article continues below

(Prices and data are as of June 22, 2017)

Hilton’s 812,000 hotel rooms currently represent about 5% of the industry worldwide, but that number is about to go up. Last year, the company signed deals to add 106,000 rooms to a pipeline that now totals 310,000 rooms, with 50,000 to 55,000 slated to become available this year. All told, more than one in five hotel rooms under construction belong to a Hilton brand.

Hilton is focusing on recently launched brands, such as Curio and Tapestry, which aim to combine the benefits of boutique hotels (cozy, intimate and locally focused) with the advantages of being part of a chain (such as a loyalty program). Four of five new customers at these hotels, the company says, are likely to stay at another Hilton property afterward. That bodes well for Hilton’s long-term expansion plan, say analysts at UBS. In the meantime, Bank of America Merrill Lynch analyst Shaun Kelly says that Hilton’s recent renegotiation of a credit card agreement with American Express will boost fee revenues from the co-branded Hilton Honors card . He rates the stock a “buy” with a 12-month price target of $73.

Advertisement
Advertisement

Most Popular

11 Dividend-Paying Stocks You Should Think Twice About
dividend stocks

11 Dividend-Paying Stocks You Should Think Twice About

Dividend-paying stocks often can be a store of safety, but 2020 has been difficult on income equities. These 11 picks look like shaky plays despite th…
September 21, 2020
How To Buy a Roth IRA When You Make Too Much To Qualify For One
Roth IRAs

How To Buy a Roth IRA When You Make Too Much To Qualify For One

With their tax-free growth and tax-free withdrawals, Roth IRAs are a great deal — if you qualify. If you don’t, well, there’s still a way to get into …
September 23, 2020
High-Tech Aids for Aging in Place
Caregiving

High-Tech Aids for Aging in Place

Apple Watch and other technology provides fast feedback, comfort for older users, and a powerful assist for caregivers.
September 23, 2020

Recommended

Bonds: 10 Things You Need to Know
Investing for Income

Bonds: 10 Things You Need to Know

Bonds can be more complex than stocks, but it's not hard to become a knowledgeable fixed-income investor.
July 22, 2020
Best Bond Funds for Every Need
Investing for Income

Best Bond Funds for Every Need

In a changing market, it’s important to remember why we hold bonds in the first place.
September 15, 2020
Does a 40% Bond Allocation Make Sense in Today’s Portfolios?
retirement planning

Does a 40% Bond Allocation Make Sense in Today’s Portfolios?

For many investors, the short answer is no. Here’s why, and what you might consider instead.
September 7, 2020
Is the Stock Market Closed on Labor Day?
Markets

Is the Stock Market Closed on Labor Day?

The good news: Stock markets and bond markets alike get the day off for Labor Day. But traders don't get an early start to the weekend.
September 5, 2020