Envestnet Portfolio Solutions Inc. Reduces Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Envestnet Portfolio Solutions Inc. reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 45.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 7,665 shares of the company's stock after selling 6,465 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Hilton Worldwide were worth $1,744,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLT. Noble Wealth Management PBC bought a new stake in Hilton Worldwide in the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC bought a new stake in Hilton Worldwide in the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new stake in Hilton Worldwide in the 4th quarter valued at about $41,000. Beacon Capital Management LLC raised its stake in Hilton Worldwide by 76.0% in the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock valued at $40,000 after acquiring an additional 76 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Hilton Worldwide in the 4th quarter valued at about $44,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HLT has been the topic of a number of research reports. Evercore ISI lowered their price objective on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley lowered their price target 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. Barclays lowered their price target on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. began coverage on shares of Hilton Worldwide in a report on Monday. They issued an "overweight" rating and a $282.00 price target on the stock. Finally, Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price target for the stock from $228.00 to $296.00 in a report on Monday, May 12th. 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.06.

Hilton Worldwide Stock Up 1.4%

Shares of Hilton Worldwide stock traded up $3.65 on Tuesday, hitting $255.99. The stock had a trading volume of 2,346,547 shares, compared to its average volume of 1,760,224. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $275.22. The stock has a market cap of $60.85 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 2.85 and a beta of 1.24. The stock's 50-day simple moving average is $241.37 and its two-hundred day simple moving average is $243.43.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results 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. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The firm had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter last year, the business earned $1.53 earnings per share. The business's revenue was up 4.7% on a year-over-year basis. As a group, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Investors of record on Monday, May 26th will be paid a $0.15 dividend. This represents a yield of 0.23%. The ex-dividend date is Friday, May 23rd. Hilton Worldwide's payout ratio is 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.