Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by EULAV Asset Management

EULAV Asset Management lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,014 shares of the company's stock after selling 1,000 shares during the quarter. EULAV Asset Management's holdings in Hilton Worldwide were worth $2,961,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock worth $1,952,314,000 after acquiring an additional 919,424 shares in the last quarter. Capital International Investors boosted its holdings in Hilton Worldwide by 2.0% in the fourth quarter. Capital International Investors now owns 7,225,495 shares of the company's stock worth $1,786,151,000 after acquiring an additional 142,620 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Hilton Worldwide by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company's stock worth $1,456,893,000 after acquiring an additional 67,292 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Hilton Worldwide by 7.8% in the fourth quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company's stock worth $1,090,346,000 after acquiring an additional 320,550 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Hilton Worldwide by 26.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company's stock worth $806,999,000 after acquiring an additional 685,023 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

Analysts Set New Price Targets

HLT has been the subject of several recent analyst reports. JPMorgan Chase & Co. started coverage on Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price target for the company. Robert W. Baird raised their price objective on Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Jefferies Financial Group upgraded Hilton Worldwide from a "hold" rating to a "buy" rating and raised their price objective for the stock from $228.00 to $296.00 in a research note on Monday, May 12th. 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. Finally, Evercore ISI reduced their target price on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $249.06.

Hilton Worldwide Trading Up 0.8%

HLT traded up $2.13 on Tuesday, reaching $272.98. The stock had a trading volume of 1,676,514 shares, compared to its average volume of 1,794,787. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $275.22. The business's 50-day moving average price is $250.93 and its two-hundred day moving average price is $244.36. The company has a market cap of $64.89 billion, a P/E ratio of 43.06, a price-to-earnings-growth ratio of 3.06 and a beta of 1.25.

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 for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter in the previous year, the company earned $1.53 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

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