EFG Asset Management Americas Corp. Lowers Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• EFG Asset Management Americas Corp. has decreased its stake in Hilton Worldwide Holdings Inc. by 11%, now owning shares valued at approximately $1.80 million.
• Several institutional investors, including Natixis Advisors LLC and Arkadios Wealth Advisors, have increased their holdings in Hilton Worldwide during the first quarter, indicating strong institutional interest.
• Hilton Worldwide recently reported earnings per share (EPS) of $2.20, surpassing estimates, alongside a revenue of $3.14 billion for the quarter.

EFG Asset Management Americas Corp. reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,924 shares of the company's stock after selling 984 shares during the period. EFG Asset Management Americas Corp.'s holdings in Hilton Worldwide were worth $1,803,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HLT. Capital International Investors boosted its position in shares of Hilton Worldwide by 2.0% during the 4th 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 period. Geode Capital Management LLC grew its stake in shares of Hilton Worldwide by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company's stock valued at $1,456,893,000 after buying an additional 67,292 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings 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 valued at $1,100,530,000 after buying an additional 364,307 shares during the period. Jennison Associates LLC raised its holdings in shares of Hilton Worldwide by 11.3% in the 1st quarter. Jennison Associates LLC now owns 3,784,366 shares of the company's stock valued at $861,132,000 after buying an additional 385,096 shares during the period. Finally, Invesco Ltd. lifted its stake in Hilton Worldwide by 6.0% during the 4th quarter. Invesco Ltd. now owns 2,781,790 shares of the company's stock worth $687,547,000 after acquiring an additional 157,140 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Down 2.7%

NYSE:HLT traded down $7.29 during mid-day trading on Friday, reaching $260.79. 1,965,470 shares of the stock were exchanged, compared to its average volume of 1,831,200. The stock has a market capitalization of $61.34 billion, a P/E ratio of 40.06, a P/E/G ratio of 2.64 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.46. The company has a 50 day simple moving average of $261.36 and a 200-day simple moving average of $247.74.

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

Hilton Worldwide Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Robert W. Baird increased 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. Macquarie boosted their price target on shares of Hilton Worldwide from $240.00 to $258.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and upped their price objective for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Finally, Dbs Bank upgraded Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Ten research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $259.19.

About Hilton Worldwide

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.