Banque Cantonale Vaudoise Acquires Shares of 3,758 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Banque Cantonale Vaudoise purchased 3,758 shares of Hilton Worldwide Holdings Inc. valued at approximately $855,000 in the first quarter.
• The company announced a quarterly dividend of $0.15, with an annualized yield of 0.2%, set to be paid on September 30th.
• Analysts have a consensus target price of $259.19 for Hilton stock, with some brokerages adjusting their ratings and price targets in recent reports.

Banque Cantonale Vaudoise purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,758 shares of the company's stock, valued at approximately $855,000.

A number of other large investors have also added to or reduced their stakes in HLT. CIBC Private Wealth Group LLC increased its position in Hilton Worldwide by 14.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,119 shares of the company's stock worth $1,245,000 after buying an additional 640 shares during the period. Clearbridge Investments LLC increased its position in Hilton Worldwide by 22.4% during the 4th quarter. Clearbridge Investments LLC now owns 30,127 shares of the company's stock worth $7,446,000 after buying an additional 5,523 shares during the period. Summit Financial LLC bought a new position in Hilton Worldwide during the 4th quarter worth $229,000. Trexquant Investment LP bought a new position in Hilton Worldwide during the 4th quarter worth $6,617,000. Finally, Meeder Advisory Services Inc. grew its holdings in shares of Hilton Worldwide by 3.2% during the 4th quarter. Meeder Advisory Services Inc. now owns 6,261 shares of the company's stock worth $1,547,000 after purchasing an additional 193 shares in the last quarter. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Performance

Shares of HLT traded down $7.29 during mid-day trading on Friday, reaching $260.79. 1,965,470 shares of the company were exchanged, compared to its average volume of 1,831,200. The stock has a market capitalization of $61.34 billion, a PE ratio of 40.06, a PEG ratio of 2.57 and a beta of 1.26. The business has a 50 day simple moving average of $261.36 and a two-hundred day simple moving average of $247.74. 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 issued its 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 during 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 previous year, the company posted $1.91 earnings per share. On average, 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. Shareholders 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 yield of 0.2%. The ex-dividend date is Friday, August 29th. Hilton Worldwide's payout ratio is presently 9.22%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Hilton Worldwide in a report on Monday, June 23rd. They set an "overweight" rating and a $282.00 target price on the stock. Barclays reduced their target price on Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Raymond James Financial increased their target price on Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Wednesday. Morgan Stanley reduced their target price on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and increased their target price for the stock from $228.00 to $296.00 in a report on Monday, May 12th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $259.19.

Hilton Worldwide Company 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.