Cerity Partners LLC Has $3.86 Million Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Cerity Partners LLC lessened its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 15.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,943 shares of the company's stock after selling 3,083 shares during the quarter. Cerity Partners LLC's holdings in Hilton Worldwide were worth $3,855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sowell Financial Services LLC purchased a new stake in Hilton Worldwide in the first quarter worth about $314,000. Artemis Investment Management LLP grew its position in shares of Hilton Worldwide by 3.9% in the first quarter. Artemis Investment Management LLP now owns 163,281 shares of the company's stock valued at $37,155,000 after purchasing an additional 6,146 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of Hilton Worldwide in the first quarter valued at approximately $217,000. Oppenheimer Asset Management Inc. increased its position in Hilton Worldwide by 44.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,507 shares of the company's stock worth $1,253,000 after purchasing an additional 1,691 shares during the last quarter. Finally, Allstate Corp purchased a new position in Hilton Worldwide during the fourth quarter worth about $1,787,000. 95.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HLT. Morgan Stanley reduced their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Macquarie decreased their price target on Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Dbs Bank upgraded shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Jefferies Financial Group upgraded shares of Hilton Worldwide from a "hold" rating to a "buy" rating and upped their target price for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Finally, Robert W. Baird upped their price target on Hilton Worldwide from $246.00 to $276.00 and gave the stock an "outperform" rating in a report on Wednesday. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $250.94.

Hilton Worldwide Stock Up 0.1%

HLT traded up $0.39 during trading on Friday, hitting $272.60. The company's stock had a trading volume of 2,352,514 shares, compared to its average volume of 1,794,985. The firm's 50 day moving average price is $257.75 and its two-hundred day moving average price is $245.93. The stock has a market capitalization of $64.80 billion, a price-to-earnings ratio of 43.00, a price-to-earnings-growth ratio of 2.79 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $279.46.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The company had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter in the previous year, the company earned $1.53 EPS. Hilton Worldwide's revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

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

Hilton Worldwide 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.