Baker Avenue Asset Management LP Sells 1,434 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Baker Avenue Asset Management LP reduced its stake in Hilton Worldwide by 7.0%, selling 1,434 shares and holding 18,997 shares valued at approximately $4.32 million.
• Hilton Worldwide's stock has recently seen significant analyst activity, with the price target set between $241.00 and $282.00 depending on the firm, while maintaining a consensus rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.15 per share, with an annual yield of 0.2%, reflecting a payout ratio of 9.22%.

Baker Avenue Asset Management LP decreased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 18,997 shares of the company's stock after selling 1,434 shares during the period. Baker Avenue Asset Management LP's holdings in Hilton Worldwide were worth $4,323,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Fiduciary Trust Co boosted its stake in shares of Hilton Worldwide by 0.5% in the 4th 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 in the last quarter. Apollon Wealth Management LLC boosted its position in 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 buying an additional 44 shares in the last quarter. First Bank & Trust increased its holdings in shares of Hilton Worldwide by 0.5% during the first quarter. First Bank & Trust now owns 10,439 shares of the company's stock worth $2,375,000 after buying an additional 48 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of Hilton Worldwide by 6.1% in the 4th quarter. CoreCap Advisors LLC now owns 890 shares of the company's stock valued at $220,000 after acquiring an additional 51 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its holdings in shares of Hilton Worldwide by 5.8% during the 1st quarter. Catalyst Financial Partners LLC now owns 961 shares of the company's stock valued at $219,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

Analyst Upgrades and Downgrades

HLT has been the subject of several research reports. Bank of America increased their target price on Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Evercore ISI cut their target price on shares of 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. The Goldman Sachs Group restated a "neutral" rating and issued a $235.00 price target (down from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Dbs Bank upgraded shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. started coverage on Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $259.19.

Hilton Worldwide Stock Up 0.6%

HLT traded up $1.51 during midday trading on Monday, hitting $262.35. The company had a trading volume of 1,129,183 shares, compared to its average volume of 1,929,474. The company has a market capitalization of $61.70 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 2.57 and a beta of 1.26. The stock's 50 day moving average price is $261.36 and its 200 day moving average price is $247.78. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $279.46.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.16. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.91 EPS. Research analysts predict 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. Investors of record on Friday, August 29th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 29th. Hilton Worldwide's dividend payout ratio is currently 9.22%.

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.