Charles Schwab Investment Management Inc. Buys 43,575 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Hilton Worldwide Holdings Inc. by 2.7%, acquiring an additional 43,575 shares, bringing their total ownership to approximately 1.64 million shares valued at $373.34 million.
• Hilton reported quarterly earnings with EPS of $2.20, surpassing analysts’ estimates of $2.04, while revenue reached $3.14 billion, reflecting a 6.3% year-over-year increase.
• Several analysts boosted their target prices for Hilton shares, with Raymond James raising it from $275 to $300 and others providing ratings of "outperform" or "strong-buy", indicating positive market sentiment.

Charles Schwab Investment Management Inc. increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 2.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,640,712 shares of the company's stock after purchasing an additional 43,575 shares during the period. Charles Schwab Investment Management Inc. owned 0.69% of Hilton Worldwide worth $373,344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Hilton Worldwide by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 25,115,086 shares of the company's stock valued at $5,714,938,000 after purchasing an additional 104,802 shares during the last quarter. Capital International Investors grew its holdings in shares of Hilton Worldwide by 2.0% in the fourth quarter. Capital International Investors now owns 7,225,495 shares of the company's stock worth $1,786,151,000 after purchasing an additional 142,620 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Hilton Worldwide by 8.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company's stock worth $1,100,530,000 after purchasing an additional 364,307 shares during the period. Jennison Associates LLC grew its position in Hilton Worldwide by 11.3% during the 1st quarter. Jennison Associates LLC now owns 3,784,366 shares of the company's stock worth $861,132,000 after purchasing an additional 385,096 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Hilton Worldwide by 15.7% in the 4th quarter. Northern Trust Corp now owns 2,411,699 shares of the company's stock valued at $596,076,000 after purchasing an additional 327,267 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Trading Down 0.4%

NYSE:HLT traded down $1.16 during trading hours on Monday, hitting $261.14. 1,523,264 shares of the company traded hands, compared to its average volume of 2,045,145. The stock has a market capitalization of $61.42 billion, a price-to-earnings ratio of 40.11, a P/E/G ratio of 2.58 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.46. The firm has a 50-day moving average of $262.60 and a 200 day moving average of $248.25.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.04 by $0.16. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the company earned $1.91 earnings per share. The firm's revenue was up 6.3% compared to the same quarter last year. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide's payout ratio is presently 9.22%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HLT shares. The Goldman Sachs Group reiterated a "neutral" rating and issued a $235.00 target price (down from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Robert W. Baird raised their target price on shares of Hilton Worldwide from $276.00 to $278.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Truist Financial lifted their price target on Hilton Worldwide from $223.00 to $246.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Evercore ISI decreased 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. Finally, Raymond James Financial lifted their price objective on shares of Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Nine 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $264.40.

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.