Janney Montgomery Scott LLC Sells 5,016 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Janney Montgomery Scott LLC cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,329 shares of the company's stock after selling 5,016 shares during the quarter. Janney Montgomery Scott LLC's holdings in Hilton Worldwide were worth $4,853,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HLT. Noble Wealth Management PBC bought a new position in Hilton Worldwide in the 4th quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Hilton Worldwide in the 4th quarter worth about $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Hilton Worldwide in the 4th quarter worth about $41,000. OFI Invest Asset Management purchased a new position in shares of Hilton Worldwide in the 4th quarter worth about $44,000. Finally, Graney & King LLC purchased a new position in shares of Hilton Worldwide in the 4th quarter worth about $52,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on HLT. Truist Financial dropped their target price on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Dbs Bank upgraded Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Jefferies Financial Group upgraded Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price objective for the stock from $228.00 to $296.00 in a report on Monday, May 12th. Morgan Stanley decreased their target price on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. began coverage on Hilton Worldwide in a research report on Monday. They issued an "overweight" rating and a $282.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $249.06.

Hilton Worldwide Stock Up 1.4%

Shares of Hilton Worldwide stock traded up $3.44 on Monday, reaching $252.30. The company's stock had a trading volume of 1,779,382 shares, compared to its average volume of 1,757,586. The company has a market capitalization of $59.97 billion, a price-to-earnings ratio of 39.79, a P/E/G ratio of 2.81 and a beta of 1.24. The firm's fifty day simple moving average is $239.63 and its two-hundred day simple moving average is $243.38. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.11. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a negative return on equity of 49.50% and a net margin of 13.90%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.53 EPS. As a group, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, June 27th. Investors of record on Monday, May 26th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 0.23%. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.46%.

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.