Hilton Worldwide Holdings Inc. (NYSE:HLT) Position Trimmed by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 1.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 267,800 shares of the company's stock after selling 2,739 shares during the period. Hilton Worldwide makes up 1.2% of Crestwood Advisors Group LLC's holdings, making the stock its 26th biggest holding. Crestwood Advisors Group LLC owned approximately 0.11% of Hilton Worldwide worth $60,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. GW&K Investment Management LLC raised its position in Hilton Worldwide by 111.3% in the 1st quarter. GW&K Investment Management LLC now owns 336 shares of the company's stock valued at $76,000 after purchasing an additional 177 shares during the last quarter. Bingham Private Wealth LLC grew its stake in shares of Hilton Worldwide by 12.0% during the 1st quarter. Bingham Private Wealth LLC now owns 2,642 shares of the company's stock worth $601,000 after purchasing an additional 284 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of Hilton Worldwide by 3.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 18,847 shares of the company's stock worth $4,289,000 after purchasing an additional 609 shares during the period. IFP Advisors Inc grew its stake in shares of Hilton Worldwide by 9.8% during the 1st quarter. IFP Advisors Inc now owns 1,783 shares of the company's stock worth $406,000 after purchasing an additional 159 shares during the period. Finally, Morse Asset Management Inc grew its stake in shares of Hilton Worldwide by 25.3% during the 1st quarter. Morse Asset Management Inc now owns 3,382 shares of the company's stock worth $770,000 after purchasing an additional 682 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on HLT. Bank of America increased their price objective on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Monday. JPMorgan Chase & Co. began coverage on shares of Hilton Worldwide in a research note on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price objective on the stock. Macquarie increased their price objective on shares of Hilton Worldwide from $240.00 to $258.00 and gave the company a "neutral" rating in a research note on Wednesday. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price objective for the company from $228.00 to $296.00 in a research note on Monday, May 12th. Finally, Robert W. Baird increased their price objective on shares of Hilton Worldwide from $276.00 to $278.00 and gave the company an "outperform" rating in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $258.56.

Hilton Worldwide Trading Up 0.5%

NYSE:HLT traded up $1.38 during trading hours on Thursday, hitting $268.23. The stock had a trading volume of 1,006,571 shares, compared to its average volume of 2,069,926. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.46. The business has a 50 day simple moving average of $258.76 and a two-hundred day simple moving average of $246.45. The company has a market cap of $63.76 billion, a PE ratio of 42.31, a price-to-earnings-growth ratio of 2.72 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.16. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 earnings per share. Research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. Hilton Worldwide's payout ratio is currently 9.46%.

Hilton Worldwide 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.