Oppenheimer Asset Management Inc. Increases Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Oppenheimer Asset Management Inc. raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 44.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,507 shares of the company's stock after buying an additional 1,691 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Hilton Worldwide were worth $1,253,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new stake in Hilton Worldwide during the 4th quarter valued at $27,000. VSM Wealth Advisory LLC purchased a new stake in Hilton Worldwide during the 4th quarter valued at $28,000. ORG Partners LLC raised its stake in Hilton Worldwide by 78.7% during the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock valued at $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% during the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock valued at $40,000 after buying an additional 76 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new stake in Hilton Worldwide during the 4th quarter valued at $41,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird boosted their price objective on shares of Hilton Worldwide from $242.00 to $246.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Truist Financial cut their price objective on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their price objective for the company from $228.00 to $296.00 in a research report on Monday, May 12th. Finally, Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $249.06.

Hilton Worldwide Trading Up 3.3%

Hilton Worldwide stock traded up $8.38 during mid-day trading on Friday, hitting $265.87. The stock had a trading volume of 8,694,745 shares, compared to its average volume of 1,782,178. The firm has a market capitalization of $63.20 billion, a P/E ratio of 41.94, a P/E/G ratio of 3.00 and a beta of 1.24. The firm's 50 day moving average is $244.31 and its 200 day moving average is $243.54. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year 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 EPS for the quarter, beating the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm earned $1.53 EPS. The business's revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast 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 dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, May 26th were issued a dividend of $0.15 per share. This represents a dividend yield of 0.23%. The ex-dividend date was Friday, May 23rd. Hilton Worldwide's dividend payout ratio (DPR) is presently 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.