Hilton Worldwide Holdings Inc. (NYSE:HLT) Position Lessened by Bleakley Financial Group LLC

Bleakley Financial Group LLC reduced its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 12.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,067 shares of the company's stock after selling 2,374 shares during the quarter. Bleakley Financial Group LLC's holdings in Hilton Worldwide were worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new stake in shares of Hilton Worldwide in the fourth quarter worth about $28,000. ORG Partners LLC increased its position in Hilton Worldwide by 78.7% in the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock valued at $38,000 after acquiring an additional 74 shares during the period. Beacon Capital Management LLC boosted its stake in Hilton Worldwide by 76.0% during the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock valued at $40,000 after purchasing an additional 76 shares in the last quarter. Valley National Advisers Inc. boosted its stake in Hilton Worldwide by 244.8% during the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock valued at $45,000 after purchasing an additional 142 shares in the last quarter. Finally, Graney & King LLC bought a new position in Hilton Worldwide during the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Down 0.3%

Shares of HLT traded down $0.74 during mid-day trading on Friday, reaching $271.47. The company's stock had a trading volume of 1,369,213 shares, compared to its average volume of 2,051,792. The business has a fifty day moving average of $257.16 and a 200 day moving average of $245.76. The company has a market cap of $64.53 billion, a price-to-earnings ratio of 42.82, a price-to-earnings-growth ratio of 3.08 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.46.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.11. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a negative return on equity of 49.50% and a net margin of 13.90%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 earnings per share. On average, analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current 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 issued a dividend of $0.15 per share. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide's dividend payout ratio is 9.46%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price target for the company from $228.00 to $296.00 in a research note on Monday, May 12th. Morgan Stanley decreased their price target on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Evercore ISI decreased their price target on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. began coverage on Hilton Worldwide in a research note on Monday, June 23rd. They set an "overweight" rating and a $282.00 price objective for the company. Finally, Macquarie reduced their price objective on Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. 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. According to data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of "Moderate Buy" and an average target price of $250.94.

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.