Golden State Wealth Management LLC Increases Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Golden State Wealth Management LLC raised its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 104.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,581 shares of the company's stock after purchasing an additional 2,339 shares during the quarter. Golden State Wealth Management LLC's holdings in Hilton Worldwide were worth $1,043,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth about $28,000. ORG Partners LLC boosted its stake in shares of Hilton Worldwide by 78.7% during the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after acquiring an additional 74 shares in the last quarter. Beacon Capital Management LLC boosted its stake in shares of Hilton Worldwide by 76.0% during 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 in the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in Hilton Worldwide in the 4th quarter valued at about $41,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Robert W. Baird raised their price target on shares of Hilton Worldwide from $242.00 to $246.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Truist Financial decreased their price target on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Barclays cut their price objective on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price objective for the company. 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $249.06.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT traded up $8.38 during trading on Friday, hitting $265.87. The company's stock had a trading volume of 8,694,745 shares, compared to its average volume of 1,782,178. The business has a 50 day moving average price of $244.31 and a two-hundred day moving average price of $243.46. The company has a market capitalization of $63.20 billion, a PE ratio of 41.94, a P/E/G ratio of 3.00 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.11. The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.73 billion. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.53 EPS. As a group, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, May 26th were given a dividend of $0.15 per share. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide's dividend payout ratio (DPR) is currently 9.46%.

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.