Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 12.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,489 shares of the company's stock after buying an additional 1,267 shares during the quarter. Procyon Advisors LLC's holdings in Hilton Worldwide were worth $2,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Noble Wealth Management PBC purchased a new position in Hilton Worldwide in the fourth quarter worth $27,000. VSM Wealth Advisory LLC purchased a new position in Hilton Worldwide in the fourth quarter worth $28,000. Sierra Ocean LLC purchased a new position in Hilton Worldwide in the fourth quarter worth $36,000. Hopwood Financial Services Inc. purchased a new position in Hilton Worldwide in the fourth quarter worth $41,000. Finally, OFI Invest Asset Management purchased a new position in Hilton Worldwide in the fourth quarter worth $44,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on HLT. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Susquehanna boosted their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Morgan Stanley dropped their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Evercore ISI dropped their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Finally, 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 report on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $245.56.

Hilton Worldwide Stock Performance

NYSE HLT traded up $4.75 on Friday, reaching $253.22. 1,708,163 shares of the company's stock traded hands, compared to its average volume of 1,749,525. The firm has a market cap of $60.19 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 2.86 and a beta of 1.23. The stock has a 50 day moving average price of $232.25 and a 200-day moving average price of $243.71. 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 issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.11. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The company's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.53 earnings per share. As a group, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

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.