Invesco Ltd. Decreases Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Invesco Ltd. reduced its stake in Hilton Worldwide Holdings Inc. by 10.3%, now owning 2,495,765 shares valued at approximately $567.91 million.
• Institutional investors hold 95.90% of Hilton Worldwide's stock, with several firms recently increasing their investments significantly, such as ORG Partners LLC and Beacon Capital Management LLC.
• Hilton Worldwide reported an earnings per share (EPS) of $2.20 for the last quarter, exceeding estimates and reflecting a revenue of $3.14 billion, marking a 6.3% year-over-year increase.

Invesco Ltd. trimmed its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 10.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,495,765 shares of the company's stock after selling 286,025 shares during the quarter. Invesco Ltd. owned about 1.05% of Hilton Worldwide worth $567,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC raised its stake in Hilton Worldwide by 78.7% during the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after buying an additional 74 shares during the period. Beacon Capital Management LLC raised its stake in shares of Hilton Worldwide by 76.0% in the first quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after purchasing an additional 76 shares during the last quarter. Valley National Advisers Inc. raised its stake in shares of Hilton Worldwide by 244.8% in the first quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock worth $45,000 after purchasing an additional 142 shares during the last quarter. Optiver Holding B.V. raised its stake in shares of Hilton Worldwide by 127.1% in the fourth quarter. Optiver Holding B.V. now owns 218 shares of the company's stock worth $54,000 after purchasing an additional 122 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Hilton Worldwide in the first quarter worth approximately $54,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Macquarie increased their price objective on Hilton Worldwide from $240.00 to $258.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Barclays reduced their target price on Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Robert W. Baird upped their target price on Hilton Worldwide from $276.00 to $278.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Raymond James Financial upped their target price on Hilton Worldwide from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. started coverage on Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 target price for the company. Nine equities research 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 company. According to MarketBeat.com, Hilton Worldwide currently has an average rating of "Moderate Buy" and an average target price of $264.40.

Hilton Worldwide Price Performance

NYSE HLT traded down $1.00 during trading hours on Friday, reaching $269.34. 699,567 shares of the stock traded hands, compared to its average volume of 2,022,034. The stock has a 50 day simple moving average of $264.10 and a two-hundred day simple moving average of $248.80. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.46. The company has a market cap of $63.35 billion, a price-to-earnings ratio of 41.37, a price-to-earnings-growth ratio of 2.69 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data 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. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the prior year, the business earned $1.91 EPS. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

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 issued a $0.15 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide's payout ratio 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.