South Street Advisors LLC Has $21.18 Million Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

South Street Advisors LLC grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 97,062 shares of the company’s stock after buying an additional 1,166 shares during the quarter. Hilton Worldwide accounts for about 3.2% of South Street Advisors LLC’s investment portfolio, making the stock its 9th biggest position. South Street Advisors LLC’s holdings in Hilton Worldwide were worth $21,179,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Independence Bank of Kentucky increased its holdings in Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 50 shares during the period. Eaton Financial Holdings Company LLC lifted its stake in Hilton Worldwide by 0.9% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 5,932 shares of the company’s stock worth $1,080,000 after acquiring an additional 52 shares during the period. EP Wealth Advisors LLC grew its holdings in Hilton Worldwide by 1.5% during the 1st quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock worth $771,000 after acquiring an additional 54 shares in the last quarter. AA Financial Advisors LLC raised its holdings in shares of Hilton Worldwide by 4.0% in the 2nd quarter. AA Financial Advisors LLC now owns 1,434 shares of the company’s stock valued at $313,000 after purchasing an additional 55 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in shares of Hilton Worldwide by 48.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Trading Down 2.0 %

NYSE HLT opened at $210.65 on Wednesday. The company has a fifty day simple moving average of $214.53 and a two-hundred day simple moving average of $209.14. The stock has a market cap of $51.91 billion, a P/E ratio of 45.79, a P/E/G ratio of 2.34 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 12-month low of $146.00 and a 12-month high of $229.03.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $1.63 earnings per share. As a group, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Analyst Ratings Changes

A number of brokerages recently commented on HLT. Macquarie boosted their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Robert W. Baird reduced their price target on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Truist Financial dropped their price objective on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Barclays reduced their target price on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and a consensus target price of $212.22.

About Hilton Worldwide

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.