Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by McCollum Christoferson Group LLC

Key Points

• McCollum Christoferson Group LLC reduced its holdings in Hilton Worldwide by 2.3%, now owning 51,652 shares worth approximately $11.75 million, making it the fund's 7th largest investment.
• Analysts have mixed sentiments regarding Hilton Worldwide, with Barclays lowering its price target to $291 while Macquarie raised theirs to $258, resulting in an average rating of "Moderate Buy" for the stock.
• Hilton Worldwide will pay a quarterly dividend of $0.15 per share on September 30, with a current yield of 0.22% and a payout ratio of 9.46%.

McCollum Christoferson Group LLC cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 2.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,652 shares of the company's stock after selling 1,201 shares during the period. Hilton Worldwide accounts for about 3.6% of McCollum Christoferson Group LLC's portfolio, making the stock its 7th largest holding. McCollum Christoferson Group LLC's holdings in Hilton Worldwide were worth $11,753,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in Hilton Worldwide by 2.5% during the first quarter. Assetmark Inc. now owns 59,241 shares of the company's stock worth $13,480,000 after buying an additional 1,433 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Hilton Worldwide by 8.3% in the 1st quarter. Cetera Investment Advisers now owns 34,291 shares of the company's stock worth $7,803,000 after acquiring an additional 2,632 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Hilton Worldwide by 10.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,898 shares of the company's stock worth $1,342,000 after purchasing an additional 547 shares during the period. Brookwood Investment Group LLC acquired a new stake in Hilton Worldwide in the 1st quarter valued at approximately $307,000. Finally, Machina Capital S.A.S. purchased a new stake in Hilton Worldwide in the first quarter valued at approximately $976,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HLT has been the subject of several research analyst reports. Barclays lowered their price target on Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating for the company in a research report on Thursday. Macquarie raised their target price on Hilton Worldwide from $240.00 to $258.00 and gave the company a "neutral" rating in a report on Wednesday. Dbs Bank upgraded shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Truist Financial raised their price objective on shares of Hilton Worldwide from $223.00 to $246.00 and gave the company a "hold" rating in a research note on Thursday. Finally, Bank of America upped their target price on shares of Hilton Worldwide from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday. Ten 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $258.56.

Hilton Worldwide Trading Up 0.3%

Shares of HLT opened at $267.73 on Friday. The firm has a market capitalization of $63.64 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 2.65 and a beta of 1.25. The firm's fifty day simple moving average is $259.06 and its 200-day simple moving average is $246.61. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.46.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.04 by $0.16. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. Hilton Worldwide had a negative return on equity of 48.32% and a net margin of 13.84%. Hilton Worldwide's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.91 earnings per share. On average, analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.22%. The ex-dividend date is Friday, August 29th. 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.

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