Carolina Wealth Advisors LLC Grows Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Carolina Wealth Advisors LLC raised its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 276.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,773 shares of the company's stock after purchasing an additional 2,772 shares during the quarter. Carolina Wealth Advisors LLC's holdings in Hilton Worldwide were worth $859,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Noble Wealth Management PBC bought a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $28,000. ORG Partners LLC grew its holdings in shares of Hilton Worldwide by 78.7% in the first quarter. ORG Partners LLC now owns 168 shares of the company's stock valued at $38,000 after acquiring an additional 74 shares in the last quarter. Beacon Capital Management LLC grew its holdings in shares of Hilton Worldwide by 76.0% in the first quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock valued at $40,000 after acquiring an additional 76 shares in the last quarter. Finally, Hopwood Financial Services Inc. bought a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $41,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Up 3.3%

Shares of HLT stock traded up $8.38 on Friday, reaching $265.87. The company's stock had a trading volume of 8,694,745 shares, compared to its average volume of 1,782,178. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $275.22. The company has a market capitalization of $63.20 billion, a P/E ratio of 41.94, a PEG ratio of 3.00 and a beta of 1.24. The stock's 50 day simple moving average is $244.31 and its 200-day simple moving average is $243.54.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 49.50% and a net margin of 13.90%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the business posted $1.53 earnings per share. The firm's revenue was up 4.7% compared to the same quarter last year. Research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, May 26th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 0.23%. Hilton Worldwide's payout ratio is 9.46%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. began coverage on Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 target price for the company. Macquarie reduced their price objective on Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Dbs Bank raised Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Truist Financial reduced their price objective on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Finally, Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price objective for the company from $228.00 to $296.00 in a report on Monday, May 12th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Hilton Worldwide has an average rating of "Moderate Buy" and an average target price of $249.06.

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.