Raiffeisen Bank International AG Trims Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Raiffeisen Bank International AG has reduced its stake in Hilton Worldwide by 61.7%, following a sale of 1,588 shares, leaving them with 984 shares valued at approximately $222,000.
• Hilton Worldwide's earnings report showed a 6.3% increase in revenue year-over-year, with earnings per share of $2.20, exceeding analysts' expectations of $2.04.
• The company declared a quarterly dividend of $0.15 per share, translating to an annualized dividend of $0.60 and a yield of 0.2%.

Raiffeisen Bank International AG cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 61.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 984 shares of the company's stock after selling 1,588 shares during the quarter. Raiffeisen Bank International AG's holdings in Hilton Worldwide were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Fiduciary Trust Co increased its position in shares of Hilton Worldwide by 0.5% during the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock worth $1,810,000 after acquiring an additional 38 shares during the period. Apollon Wealth Management LLC increased its position in shares of Hilton Worldwide by 2.9% during the first quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company's stock worth $351,000 after acquiring an additional 44 shares during the period. First Bank & Trust increased its position in shares of Hilton Worldwide by 0.5% during the first quarter. First Bank & Trust now owns 10,439 shares of the company's stock worth $2,375,000 after acquiring an additional 48 shares during the period. CoreCap Advisors LLC increased its position in shares of Hilton Worldwide by 6.1% during the fourth quarter. CoreCap Advisors LLC now owns 890 shares of the company's stock worth $220,000 after acquiring an additional 51 shares during the period. Finally, Catalyst Financial Partners LLC increased its position in shares of Hilton Worldwide by 5.8% during the first quarter. Catalyst Financial Partners LLC now owns 961 shares of the company's stock worth $219,000 after acquiring an additional 53 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HLT has been the topic of a number of research reports. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and raised their target price for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. 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, July 23rd. 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, July 21st. Truist Financial increased 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, July 24th. 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, July 24th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Hilton Worldwide has a consensus rating of "Moderate Buy" and a consensus target price of $259.19.

Hilton Worldwide Stock Performance

HLT traded up $1.55 during trading on Friday, hitting $262.47. The stock had a trading volume of 1,957,942 shares, compared to its average volume of 1,888,753. The stock has a 50 day simple moving average of $262.31 and a two-hundred day simple moving average of $248.16. The company has a market capitalization of $61.73 billion, a PE ratio of 40.32, a PEG ratio of 2.57 and a beta of 1.26. 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 quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share (EPS) 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 analysts' expectations of $3.09 billion. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The business's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $1.91 earnings per share. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide's dividend payout ratio (DPR) is currently 9.22%.

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.