Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by GAM Holding AG

GAM Holding AG reduced its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 16.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,812 shares of the company's stock after selling 13,008 shares during the period. Hilton Worldwide comprises 1.1% of GAM Holding AG's investment portfolio, making the stock its 20th biggest position. GAM Holding AG's holdings in Hilton Worldwide were worth $14,748,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HLT. Allworth Financial LP increased its stake in Hilton Worldwide by 32.3% in the 4th quarter. Allworth Financial LP now owns 2,188 shares of the company's stock valued at $543,000 after purchasing an additional 534 shares in the last quarter. Truist Financial Corp increased its stake in Hilton Worldwide by 3.4% in the 4th quarter. Truist Financial Corp now owns 47,520 shares of the company's stock valued at $11,745,000 after purchasing an additional 1,547 shares in the last quarter. Venturi Wealth Management LLC increased its position in Hilton Worldwide by 9.6% during the fourth quarter. Venturi Wealth Management LLC now owns 591 shares of the company's stock worth $146,000 after buying an additional 52 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in Hilton Worldwide by 9.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,885 shares of the company's stock worth $713,000 after buying an additional 238 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in Hilton Worldwide during the fourth quarter worth $50,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on HLT. Morgan Stanley dropped their price target on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Robert W. Baird raised their price target on Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Truist Financial dropped their price target on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and raised their price target for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Finally, Susquehanna raised their price target on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Eleven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Hilton Worldwide has an average rating of "Hold" and an average price target of $245.56.

Hilton Worldwide Stock Up 0.4%

Shares of NYSE HLT traded up $0.99 on Friday, hitting $248.55. The company had a trading volume of 3,576,586 shares, compared to its average volume of 1,757,449. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $275.22. The business has a 50 day moving average of $239.63 and a two-hundred day moving average of $243.46. The firm has a market capitalization of $59.08 billion, a P/E ratio of 39.20, a PEG ratio of 2.81 and a beta of 1.24.

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

Hilton Worldwide Announces Dividend

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