Colonial River Investments LLC Purchases New Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Colonial River Investments LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,704 shares of the company's stock, valued at approximately $388,000.

Several other institutional investors have also added to or reduced their stakes in HLT. Noble Wealth Management PBC bought a new position in shares of Hilton Worldwide during the fourth quarter valued at $27,000. VSM Wealth Advisory LLC bought a new position in Hilton Worldwide during the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new position in Hilton Worldwide during the 4th quarter valued at about $41,000. ORG Partners LLC grew its stake in shares of Hilton Worldwide by 78.7% in the first quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after acquiring an additional 74 shares during the period. Finally, Beacon Capital Management LLC raised its holdings in shares of Hilton Worldwide by 76.0% during the first quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock valued at $40,000 after purchasing an additional 76 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Performance

HLT opened at $265.87 on Friday. The stock has a market cap of $63.20 billion, a price-to-earnings ratio of 41.94, a price-to-earnings-growth ratio of 3.00 and a beta of 1.24. The firm's fifty day moving average is $244.31 and its 200 day moving average is $243.54. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the business earned $1.53 earnings per share. The business's revenue was up 4.7% on a year-over-year basis. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

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

Analyst Ratings Changes

A number of research firms have commented on HLT. Macquarie cut their target price on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group reiterated a "neutral" rating and set a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and raised their target price for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. JPMorgan Chase & Co. assumed coverage on shares of Hilton Worldwide in a research report on Monday, June 23rd. They set an "overweight" rating and a $282.00 price target for the company. Finally, Barclays dropped their price objective on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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