Skandinaviska Enskilda Banken AB publ Purchases 78,182 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Skandinaviska Enskilda Banken AB publ increased its stake in Hilton Worldwide Holdings Inc. by 53.4% in Q1, owning approximately 0.09% of the company, valued at $51.1 million.
• Hilton reported earnings of $2.20 EPS, exceeding the consensus estimate by $0.16, with a revenue of $3.14 billion, marking a 6.3% increase year-over-year.
• Institutional investors now hold 95.90% of Hilton Worldwide's stock, indicating strong investor confidence in the company.

Skandinaviska Enskilda Banken AB publ grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 53.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,626 shares of the company's stock after purchasing an additional 78,182 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.09% of Hilton Worldwide worth $51,114,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HLT. Stevens Capital Management LP lifted its position in shares of Hilton Worldwide by 35.0% in the 1st quarter. Stevens Capital Management LP now owns 2,642 shares of the company's stock worth $601,000 after acquiring an additional 685 shares during the period. Equitable Trust Co. boosted its stake in Hilton Worldwide by 2.4% during the first quarter. Equitable Trust Co. now owns 3,037 shares of the company's stock worth $691,000 after buying an additional 71 shares in the last quarter. Assetmark Inc. increased its holdings in Hilton Worldwide by 2.5% in the 1st quarter. Assetmark Inc. now owns 59,241 shares of the company's stock valued at $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% during 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 period. Finally, Avantax Advisory Services Inc. increased its stake in Hilton Worldwide by 10.2% in the first quarter. Avantax Advisory Services Inc. now owns 5,898 shares of the company's stock valued at $1,342,000 after acquiring an additional 547 shares during the period. Institutional investors own 95.90% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on HLT. Morgan Stanley decreased their price objective on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Evercore ISI dropped their price objective on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. Robert W. Baird boosted their target price on shares of Hilton Worldwide from $276.00 to $278.00 and gave the company an "outperform" rating in a research note on Thursday. Truist Financial upped their target price on shares of Hilton Worldwide from $223.00 to $246.00 and gave the stock a "hold" rating in a report on Thursday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Hilton Worldwide in a report on Monday, June 23rd. They set an "overweight" rating and a $282.00 price target for the company. Ten equities research 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.com, the company has an average rating of "Moderate Buy" and an average price target of $258.56.

Hilton Worldwide Stock Up 2.2%

Shares of Hilton Worldwide stock traded up $5.93 during trading on Friday, reaching $273.50. 1,735,577 shares of the company were exchanged, compared to its average volume of 2,179,280. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.46. The business has a 50-day moving average price of $259.41 and a 200-day moving average price of $246.86. The firm has a market capitalization of $64.32 billion, a price-to-earnings ratio of 42.01, a P/E/G ratio of 2.72 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.16. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $1.91 earnings per share. On average, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Friday, August 29th. Hilton Worldwide's dividend payout ratio is 9.22%.

Hilton Worldwide Company 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.