Brooklyn Investment Group Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Brooklyn Investment Group bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,076 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky grew its stake in Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 50 shares during the last quarter. EdgeRock Capital LLC bought a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $25,000. Activest Wealth Management acquired a new stake in Hilton Worldwide during the 4th quarter worth approximately $26,000. Frazier Financial Advisors LLC bought a new stake in Hilton Worldwide in the 4th quarter valued at $28,000. Finally, Pinnacle Bancorp Inc. acquired a new position in Hilton Worldwide in the 1st quarter valued at $34,000. 95.90% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Melanie Healey purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average cost of $199.65 per share, with a total value of $399,300.00. Following the purchase, the director now owns 14,938 shares in the company, valued at $2,982,371.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Up 1.8 %

HLT stock traded up $3.86 during midday trading on Friday, hitting $220.72. The stock had a trading volume of 1,794,914 shares, compared to its average volume of 1,481,764. The business has a fifty day moving average price of $208.49 and a two-hundred day moving average price of $201.53. Hilton Worldwide Holdings Inc. has a 1-year low of $146.00 and a 1-year high of $222.42. The firm has a market cap of $55.19 billion, a P/E ratio of 47.98, a price-to-earnings-growth ratio of 1.90 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating the consensus estimate 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 company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date was Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HLT shares. HSBC boosted their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. TD Cowen raised their target price on shares of Hilton Worldwide from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Evercore ISI boosted their price target on Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft increased their price target on Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Finally, Robert W. Baird lifted their price objective on Hilton Worldwide from $212.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $208.00.

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.