Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its stake in Hilton Worldwide Holdings Inc. by 20.3%, owning a total of 8,533 shares worth approximately $1.94 million as of the latest SEC filing.
• The company reported $2.20 EPS for the last quarter, exceeding analysts' expectations, along with a revenue of $3.14 billion, which is a 6.3% year-over-year increase.
• Hilton Worldwide announced a quarterly dividend of $0.15 per share, with an annualized yield of 0.22%, to be paid to investors of record on August 29th.

HB Wealth Management LLC increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 20.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,533 shares of the company's stock after purchasing an additional 1,440 shares during the period. HB Wealth Management LLC's holdings in Hilton Worldwide were worth $1,942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HLT. ORG Partners LLC grew its stake in shares of Hilton Worldwide by 78.7% in the 1st 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. Beacon Capital Management LLC lifted 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 worth $40,000 after purchasing an additional 76 shares during the period. Valley National Advisers Inc. grew its position in Hilton Worldwide by 244.8% in the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock valued at $45,000 after buying an additional 142 shares during the last quarter. Optiver Holding B.V. increased its stake in Hilton Worldwide by 127.1% in the 4th quarter. Optiver Holding B.V. now owns 218 shares of the company's stock valued at $54,000 after buying an additional 122 shares during the period. Finally, Wayfinding Financial LLC purchased a new position in Hilton Worldwide during the 1st quarter worth $54,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Trading Down 2.7%

Shares of HLT stock traded down $7.17 during trading hours on Friday, hitting $260.92. The company's stock had a trading volume of 914,488 shares, compared to its average volume of 2,063,682. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.46. The stock has a market cap of $61.37 billion, a price-to-earnings ratio of 40.10, a P/E/G ratio of 2.70 and a beta of 1.25. The business has a fifty day moving average of $261.05 and a 200-day moving average of $247.63.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.16. The company had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.09 billion. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.91 earnings per share. On average, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Barclays lowered their price objective on Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Macquarie increased their target price on Hilton Worldwide from $240.00 to $258.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Robert W. Baird lifted their price target on Hilton Worldwide from $276.00 to $278.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, Raymond James Financial increased their price objective on Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $259.19.

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.