Allspring Global Investments Holdings LLC Raises Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Allspring Global Investments Holdings LLC raised its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 25.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 179,327 shares of the company's stock after buying an additional 35,962 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.07% of Hilton Worldwide worth $40,757,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Noble Wealth Management PBC purchased a new position in shares of Hilton Worldwide during the fourth quarter worth $27,000. VSM Wealth Advisory LLC purchased a new position in Hilton Worldwide during the 4th quarter valued at about $28,000. ORG Partners LLC increased its stake in Hilton Worldwide by 78.7% during the first quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after purchasing an additional 74 shares during the period. Beacon Capital Management LLC lifted its position in shares of Hilton Worldwide by 76.0% during the first quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after purchasing an additional 76 shares in the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Performance

Hilton Worldwide stock traded up $0.72 during midday trading on Wednesday, hitting $269.68. 243,845 shares of the company's stock were exchanged, compared to its average volume of 1,783,592. The firm's 50 day simple moving average is $246.71 and its 200 day simple moving average is $243.73. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $275.22. The stock has a market cap of $64.10 billion, a price-to-earnings ratio of 42.52, a price-to-earnings-growth ratio of 3.01 and a beta of 1.25.

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

Hilton Worldwide Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, June 27th. Investors of record on Monday, May 26th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 0.23%. Hilton Worldwide's dividend payout ratio (DPR) is 9.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HLT shares. Macquarie reduced their target price on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Truist Financial cut their price target on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Barclays lowered their price target on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide in a research note on Monday, June 23rd. They set an "overweight" rating and a $282.00 target price for the company. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $249.06.

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.