Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its stake in Hilton Worldwide by 8.3%, owning 34,291 shares valued at approximately $7.8 million following the acquisition of an additional 2,632 shares in the first quarter.
• Several institutional investors, including ORG Partners LLC and Beacon Capital Management LLC, significantly raised their holdings in Hilton Worldwide during the same period, indicating growing confidence in the company.
• Hilton Worldwide recently announced a quarterly dividend of $0.15 per share, representing a 0.2% yield, and its recent earnings beat analysts' expectations with $2.20 EPS against a forecast of $2.04.

Cetera Investment Advisers grew its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,291 shares of the company's stock after acquiring an additional 2,632 shares during the quarter. Cetera Investment Advisers' holdings in Hilton Worldwide were worth $7,803,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HLT. ORG Partners LLC raised its holdings 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 buying an additional 74 shares during the last quarter. Beacon Capital Management LLC raised its stake 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 acquiring an additional 76 shares during the last quarter. Valley National Advisers Inc. lifted its position in Hilton Worldwide by 244.8% during the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock worth $45,000 after acquiring an additional 142 shares during the period. Optiver Holding B.V. grew its stake in Hilton Worldwide by 127.1% during the 4th quarter. Optiver Holding B.V. now owns 218 shares of the company's stock valued at $54,000 after purchasing an additional 122 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Hilton Worldwide in the first quarter valued at about $54,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HLT shares. Raymond James Financial lifted their target price on Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Wednesday. JPMorgan Chase & Co. initiated coverage on shares of Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price objective on the stock. Evercore ISI cut their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Bank of America boosted their target price on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price target for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Ten 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.com, the company has an average rating of "Moderate Buy" and an average target price of $259.19.

Hilton Worldwide Trading Down 2.0%

Shares of HLT opened at $267.79 on Friday. The firm has a market cap of $62.98 billion, a P/E ratio of 41.14, a PEG ratio of 2.70 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $279.46. The stock's 50 day moving average is $261.05 and its two-hundred day moving average is $247.63.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.04 by $0.16. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates 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 was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 EPS. Equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 is 9.22%.

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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