Sowell Financial Services LLC Takes $314,000 Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sowell Financial Services LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,381 shares of the company's stock, valued at approximately $314,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HLT. Noble Wealth Management PBC acquired a new position in Hilton Worldwide in the fourth quarter valued at about $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $41,000. OFI Invest Asset Management bought a new position in Hilton Worldwide in the fourth quarter valued at approximately $44,000. Finally, Kestra Investment Management LLC bought a new position in Hilton Worldwide in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Evercore ISI reduced their target price on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Dbs Bank raised Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Susquehanna lifted their price target on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and upped their price objective for the company from $228.00 to $296.00 in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. started coverage on Hilton Worldwide in a research report on Monday. They set an "overweight" rating and a $282.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Hilton Worldwide has a consensus rating of "Moderate Buy" and a consensus target price of $249.06.

Hilton Worldwide Price Performance

Shares of HLT traded down $2.13 during mid-day trading on Wednesday, hitting $253.80. The stock had a trading volume of 1,785,251 shares, compared to its average volume of 1,761,894. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $275.22. The business has a fifty day moving average price of $241.37 and a 200-day moving average price of $243.43. The firm has a market cap of $60.33 billion, a P/E ratio of 35.01, a PEG ratio of 2.89 and a beta of 1.24.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.11. The business had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.73 billion. Hilton Worldwide had a negative return on equity of 49.50% and a net margin of 13.90%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.53 EPS. As a group, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, May 26th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide's dividend payout ratio is currently 9.46%.

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.