Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors significantly increased its holdings in Hilton Worldwide, purchasing an additional 6,640 shares, representing a 369.3% boost in their investment.
• The stock has a current market cap of $62.98 billion and reported earnings of $2.20 per share, exceeding analyst expectations by $0.16.
• Several analysts have recently adjusted their ratings and price targets for Hilton Worldwide, with a consensus rating of "Moderate Buy" and an average price target of $259.19.

Arkadios Wealth Advisors lifted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 369.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,438 shares of the company's stock after acquiring an additional 6,640 shares during the period. Arkadios Wealth Advisors' holdings in Hilton Worldwide were worth $1,920,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fiduciary Trust Co grew its position in shares of Hilton Worldwide by 0.5% in the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock valued at $1,810,000 after purchasing an additional 38 shares during the period. Apollon Wealth Management LLC grew its position in shares of Hilton Worldwide by 2.9% in the first quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company's stock valued at $351,000 after purchasing an additional 44 shares during the period. First Bank & Trust grew its position in shares of Hilton Worldwide by 0.5% in the first quarter. First Bank & Trust now owns 10,439 shares of the company's stock valued at $2,375,000 after purchasing an additional 48 shares during the period. CoreCap Advisors LLC grew its position in shares of Hilton Worldwide by 6.1% in the fourth quarter. CoreCap Advisors LLC now owns 890 shares of the company's stock valued at $220,000 after purchasing an additional 51 shares during the period. Finally, Catalyst Financial Partners LLC grew its position in shares of Hilton Worldwide by 5.8% in the first quarter. Catalyst Financial Partners LLC now owns 961 shares of the company's stock valued at $219,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HLT. Raymond James Financial upped their price objective on Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Wednesday. Jefferies Financial Group upgraded Hilton Worldwide from a "hold" rating to a "buy" rating and upped their price objective for the stock from $228.00 to $296.00 in a report on Monday, May 12th. Truist Financial upped their price objective on Hilton Worldwide from $223.00 to $246.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Evercore ISI dropped their price objective on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. Finally, Robert W. Baird upped their price objective on Hilton Worldwide from $276.00 to $278.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Hilton Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $259.19.

Hilton Worldwide Price Performance

Hilton Worldwide stock traded down $7.29 during midday trading on Friday, hitting $260.79. 1,965,470 shares of the stock were exchanged, compared to its average volume of 1,831,200. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.46. The firm has a market cap of $61.34 billion, a P/E ratio of 40.06, a P/E/G ratio of 2.57 and a beta of 1.26. The company has a 50 day moving average price of $261.36 and a two-hundred day moving average price of $247.74.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.16. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the firm posted $1.91 EPS. The firm's quarterly revenue was up 6.3% on a year-over-year basis. As a group, analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide's payout ratio is 9.22%.

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.