Hilton Worldwide Holdings Inc. (NYSE:HLT) Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 23,543.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,053,557 shares of the company's stock after acquiring an additional 1,049,101 shares during the quarter. GAMMA Investing LLC owned approximately 0.44% of Hilton Worldwide worth $2,397,370,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Noble Wealth Management PBC bought a new position in shares of Hilton Worldwide in the fourth quarter worth about $27,000. VSM Wealth Advisory LLC bought a new position in shares of Hilton Worldwide in the fourth quarter worth about $28,000. Sierra Ocean LLC bought a new position in shares of Hilton Worldwide in the fourth quarter worth about $36,000. Hopwood Financial Services Inc. bought a new stake in Hilton Worldwide during the 4th quarter valued at approximately $41,000. Finally, OFI Invest Asset Management bought a new stake in Hilton Worldwide during the 4th quarter valued at approximately $44,000. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Up 1.2%

Shares of HLT traded up $2.99 on Tuesday, reaching $252.12. The stock had a trading volume of 553,812 shares, compared to its average volume of 1,749,772. Hilton Worldwide Holdings Inc. has a twelve month low of $195.97 and a twelve month high of $275.22. The firm has a 50-day moving average of $230.45 and a 200 day moving average of $243.60. The firm has a market capitalization of $59.93 billion, a PE ratio of 41.00, a PEG ratio of 2.86 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate 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 54.47% and a net margin of 13.74%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $1.53 EPS. On average, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, May 26th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.46%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial cut their target price on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $235.00 target price (down from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Dbs Bank upgraded Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Raymond James upped their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, Morgan Stanley reduced their target price on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Eleven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Hilton Worldwide has a consensus rating of "Hold" and a consensus price target of $245.56.

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.