Clio Asset Management LLC Grows Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Clio Asset Management LLC lifted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,053 shares of the company's stock after buying an additional 1,380 shares during the period. Hilton Worldwide makes up about 8.2% of Clio Asset Management LLC's portfolio, making the stock its 5th largest position. Clio Asset Management LLC's holdings in Hilton Worldwide were worth $10,252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Noble Wealth Management PBC purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth $27,000. VSM Wealth Advisory LLC purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $41,000. ORG Partners LLC increased its stake in 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 purchasing an additional 74 shares during the last quarter. Finally, Beacon Capital Management LLC boosted 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 during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Up 0.4%

HLT stock traded up $0.99 during mid-day trading on Friday, reaching $248.55. 3,576,586 shares of the company traded hands, compared to its average volume of 1,757,449. The stock has a market cap of $59.08 billion, a price-to-earnings ratio of 39.20, a P/E/G ratio of 2.81 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $275.22. The firm's 50 day moving average price is $239.63 and its 200 day moving average price is $243.46.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly 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. Hilton Worldwide had a negative return on equity of 49.50% and a net margin of 13.90%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the business earned $1.53 EPS. The company's quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 27th. Investors of record on Monday, May 26th will be issued a $0.15 dividend. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.46%.

Analysts Set New Price Targets

HLT has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a "neutral" rating and issued a $235.00 target price (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Truist Financial reduced their price objective on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Dbs Bank upgraded Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Evercore ISI lowered their price target on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. Finally, Robert W. Baird upped their price objective on Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $245.56.

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.