Hilton Worldwide Holdings Inc. (NYSE:HLT) Stock Holdings Increased by Capital World Investors

Capital World Investors lifted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,880,938 shares of the company’s stock after purchasing an additional 12,942 shares during the quarter. Capital World Investors owned 0.75% of Hilton Worldwide worth $342,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. EdgeRock Capital LLC bought a new position in Hilton Worldwide during the fourth quarter valued at approximately $25,000. Activest Wealth Management bought a new position in Hilton Worldwide during the fourth quarter valued at approximately $26,000. Frazier Financial Advisors LLC bought a new position in Hilton Worldwide during the fourth quarter valued at approximately $28,000. McGlone Suttner Wealth Management Inc. bought a new position in Hilton Worldwide during the fourth quarter valued at approximately $37,000. Finally, Anchor Investment Management LLC bought a new position in Hilton Worldwide during the fourth quarter valued at approximately $46,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HLT. Evercore ISI raised their price objective on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research report on Wednesday, March 20th. Mizuho dropped their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. TD Cowen lifted their price target on shares of Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Truist Financial lifted their price target on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Finally, Wells Fargo & Company lifted their price target on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 20th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.59.

Insiders Place Their Bets

In other news, Director Melanie Healey acquired 2,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was purchased at an average cost of $199.65 per share, with a total value of $399,300.00. Following the acquisition, the director now owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Up 0.6 %

Shares of Hilton Worldwide stock traded up $1.13 during trading on Thursday, reaching $203.71. The company’s stock had a trading volume of 162,895 shares, compared to its average volume of 1,540,429. The stock has a 50-day moving average price of $203.60 and a two-hundred day moving average price of $194.13. Hilton Worldwide Holdings Inc. has a one year low of $136.76 and a one year high of $215.79. The stock has a market capitalization of $50.94 billion, a P/E ratio of 44.05, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the business posted $1.24 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.09 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.29%. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

Hilton Worldwide 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.