Cumberland Partners Ltd Boosts Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Cumberland Partners Ltd increased its stake in Hilton Worldwide by 111.9% during the first quarter, accumulating a total of 18,010 shares valued at $4,098,000 according to a recent SEC filing.
• Analysts have set varying price targets for HLT, with Truist Financial raising its target from $223 to $246, while Goldman Sachs decreased theirs from $296 to $235; the average rating is currently a "Moderate Buy" with a price target of $259.19.
• Hilton Worldwide reported a net revenue increase of 6.3% year-over-year to $3.14 billion and beat earnings estimates by reporting $2.20 EPS in its latest quarterly results.

Cumberland Partners Ltd lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 111.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,010 shares of the company's stock after purchasing an additional 9,510 shares during the quarter. Cumberland Partners Ltd's holdings in Hilton Worldwide were worth $4,098,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HLT. GAMMA Investing LLC raised its position in Hilton Worldwide by 23,543.6% in the first quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company's stock worth $2,397,370,000 after acquiring an additional 1,049,101 shares during the period. Marshall Wace LLP increased its stake in shares of Hilton Worldwide by 426.9% in the fourth quarter. Marshall Wace LLP now owns 762,261 shares of the company's stock worth $188,400,000 after buying an additional 617,604 shares during the period. SurgoCap Partners LP bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $109,492,000. Jennison Associates LLC lifted its holdings in shares of Hilton Worldwide by 11.3% during the first quarter. Jennison Associates LLC now owns 3,784,366 shares of the company's stock valued at $861,132,000 after purchasing an additional 385,096 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Hilton Worldwide by 112.4% in the 4th quarter. AQR Capital Management LLC now owns 714,620 shares of the company's stock worth $176,626,000 after buying an additional 378,206 shares in the last quarter. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT traded up $1.51 during midday trading on Monday, reaching $262.35. The company's stock had a trading volume of 1,129,183 shares, compared to its average volume of 1,929,474. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $279.46. The firm has a 50 day moving average price of $261.36 and a two-hundred day moving average price of $247.78. The firm has a market capitalization of $61.70 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 2.57 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data 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. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company earned $1.91 EPS. The business's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business 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 dividend of $0.15 per share. The ex-dividend date is Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide's dividend payout ratio (DPR) is 9.22%.

Analysts Set New Price Targets

A number of equities analysts recently commented on HLT shares. Truist Financial increased their price target on Hilton Worldwide from $223.00 to $246.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. Barclays reduced their target price on Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and upped their price target for the company from $228.00 to $296.00 in a research note on Monday, May 12th. Macquarie raised their price target on Hilton Worldwide from $240.00 to $258.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Bank of America lifted their target price on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a report on Monday, July 21st. Ten 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.