Goldman Sachs Group Inc. Grows Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Goldman Sachs Group Inc. increased its stake in Hilton Worldwide Holdings Inc. by 30% in the first quarter, acquiring 494,224 shares to own a total of 2,140,782 shares valued at approximately $487 million.
• Analysts have set new price targets for Hilton Worldwide, with Bank of America raising its target from $275.00 to $285.00 while maintaining a "buy" rating, indicating positive sentiment towards the company's potential growth.
• Hilton Worldwide reported quarterly earnings of $2.20 per share, exceeding expectations, and declared a quarterly dividend of $0.15 per share, highlighting its stable financial performance.

Goldman Sachs Group Inc. grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 30.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,140,782 shares of the company's stock after buying an additional 494,224 shares during the quarter. Goldman Sachs Group Inc. owned 0.90% of Hilton Worldwide worth $487,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HLT. ORG Partners LLC raised its holdings in Hilton Worldwide by 78.7% in the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after purchasing an additional 74 shares during the period. Beacon Capital Management LLC raised its holdings in Hilton Worldwide by 76.0% in the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after purchasing an additional 76 shares during the period. Valley National Advisers Inc. raised its holdings in shares of Hilton Worldwide by 244.8% during the first quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock valued at $45,000 after acquiring an additional 142 shares during the last quarter. Optiver Holding B.V. raised its holdings in shares of Hilton Worldwide by 127.1% during the fourth quarter. Optiver Holding B.V. now owns 218 shares of the company's stock valued at $54,000 after acquiring an additional 122 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Hilton Worldwide during the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Dbs Bank upgraded Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. assumed coverage on Hilton Worldwide in a research report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price target for the company. Truist Financial upped their price target on Hilton Worldwide from $223.00 to $246.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Raymond James Financial upped their price target on Hilton Worldwide from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Evercore ISI dropped their price target on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of "Moderate Buy" and an average target price of $264.40.

Hilton Worldwide Stock Performance

Shares of NYSE HLT traded up $1.55 during mid-day trading on Friday, reaching $262.47. 1,957,942 shares of the company's stock were exchanged, compared to its average volume of 1,888,753. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $279.46. The company's 50-day moving average is $262.60 and its 200-day moving average is $248.27. The firm has a market capitalization of $61.73 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.59 and a beta of 1.26.

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, topping the consensus estimate of $2.04 by $0.16. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the business posted $1.91 earnings per share. The company's quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 29th. Hilton Worldwide's dividend payout ratio (DPR) is currently 9.22%.

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.