Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 500,137 shares of the company's stock after acquiring an additional 19,382 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.21% of Hilton Worldwide worth $113,806,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Trust Co boosted its holdings in shares of Hilton Worldwide by 0.5% in the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock valued at $1,810,000 after acquiring an additional 38 shares during the period. First Bank & Trust lifted its holdings in shares of Hilton Worldwide by 0.5% during the first quarter. First Bank & Trust now owns 10,439 shares of the company's stock worth $2,375,000 after purchasing an additional 48 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of Hilton Worldwide by 6.1% during the fourth quarter. CoreCap Advisors LLC now owns 890 shares of the company's stock worth $220,000 after purchasing an additional 51 shares during the period. Marcum Wealth LLC lifted its holdings in shares of Hilton Worldwide by 5.8% during the first quarter. Marcum Wealth LLC now owns 1,063 shares of the company's stock worth $242,000 after purchasing an additional 58 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Hilton Worldwide by 2.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,650 shares of the company's stock worth $655,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Hilton Worldwide Trading Up 0.0%

Shares of HLT stock traded up $0.04 during mid-day trading on Friday, reaching $277.52. The stock had a trading volume of 1,327,400 shares, compared to its average volume of 1,790,723. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $277.86. The company has a market cap of $65.97 billion, a P/E ratio of 43.77, a price-to-earnings-growth ratio of 3.13 and a beta of 1.25. The business has a 50-day simple moving average of $254.41 and a 200 day simple moving average of $245.04.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.11. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a negative return on equity of 49.50% and a net margin of 13.90%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 earnings per share. Research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, May 26th were paid a $0.15 dividend. This represents a yield of 0.23%. The ex-dividend date was Friday, May 23rd. Hilton Worldwide's payout ratio is 9.46%.

Wall Street Analysts Forecast Growth

HLT has been the subject of several recent research reports. Robert W. Baird increased their price target on Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Macquarie cut their price objective on Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Truist Financial cut their price objective 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. JPMorgan Chase & Co. began coverage on Hilton Worldwide in a research report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price objective for the company. Finally, Barclays cut their price objective on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $249.06.

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.