Assetmark Inc. Buys 1,433 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Assetmark Inc. increased its stake in Hilton Worldwide Holdings Inc. by 2.5%, acquiring an additional 1,433 shares, bringing its total holdings to 59,241 shares valued at approximately $13.48 million.
• Hilton Worldwide recently beat analysts' earnings estimates with an EPS of $2.20 for the quarter and reported a revenue of $3.14 billion, exceeding the expected $3.09 billion.
• The company announced a quarterly dividend of $0.15 per share, which will be paid on September 30th, reflecting a low payout ratio of 9.22%.

Assetmark Inc. boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,241 shares of the company's stock after acquiring an additional 1,433 shares during the period. Assetmark Inc.'s holdings in Hilton Worldwide were worth $13,480,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its position in Hilton Worldwide by 78.7% in 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 raised its stake in shares of Hilton Worldwide by 76.0% in the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock valued at $40,000 after buying an additional 76 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in shares of Hilton Worldwide by 244.8% during the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock worth $45,000 after acquiring an additional 142 shares during the period. Optiver Holding B.V. boosted its position in shares of Hilton Worldwide by 127.1% during the 4th quarter. Optiver Holding B.V. now owns 218 shares of the company's stock valued at $54,000 after acquiring an additional 122 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Hilton Worldwide in the first quarter valued at about $54,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Hilton Worldwide Price Performance

HLT opened at $273.50 on Friday. The stock has a market capitalization of $64.32 billion, a P/E ratio of 42.01, a price-to-earnings-growth ratio of 2.72 and a beta of 1.25. The company's 50 day simple moving average is $259.41 and its 200-day simple moving average is $246.86. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $279.46.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.16. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $1.91 EPS. As a group, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. Hilton Worldwide's payout ratio is presently 9.22%.

Analysts Set New Price Targets

HLT has been the subject of a number of analyst reports. Morgan Stanley cut their price target on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Dbs Bank upgraded Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Evercore ISI lowered their price target on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 23rd. Bank of America lifted their price objective on Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Jefferies Financial Group upgraded shares of Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their target price for the company from $228.00 to $296.00 in a research note on Monday, May 12th. Ten 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $258.56.

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.

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