LPL Financial LLC Has $30.89 Million Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• LPL Financial LLC increased its stake in Hilton Worldwide Holdings Inc. by 12.2%, owning 135,744 shares worth approximately $30.89 million as of the latest SEC filing.
• Several institutional investors, including ORG Partners LLC and Valley National Advisers Inc., have significantly increased their positions in Hilton Worldwide, showcasing growing confidence in the company's stock.
• Hilton Worldwide reported earnings of $2.20 per share for the last quarter, surpassing analysts' estimates, and declared a quarterly dividend of $0.15 per share, with a current yield of 0.2%.

LPL Financial LLC boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 12.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,744 shares of the company's stock after purchasing an additional 14,808 shares during the period. LPL Financial LLC owned about 0.06% of Hilton Worldwide worth $30,889,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. ORG Partners LLC boosted its stake in shares of Hilton Worldwide by 78.7% in the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock valued at $38,000 after purchasing an additional 74 shares in the last quarter. Beacon Capital Management LLC grew its stake in Hilton Worldwide by 76.0% during the first quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after buying an additional 76 shares during the last quarter. Valley National Advisers Inc. increased its holdings in shares of Hilton Worldwide by 244.8% during the first quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock worth $45,000 after buying an additional 142 shares in the last quarter. Optiver Holding B.V. boosted its holdings in shares of Hilton Worldwide by 127.1% in the 4th quarter. Optiver Holding B.V. now owns 218 shares of the company's stock worth $54,000 after acquiring an additional 122 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Hilton Worldwide during the 1st quarter worth approximately $54,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Stock Performance

Shares of NYSE HLT traded up $1.51 during trading hours on Monday, reaching $262.35. 1,129,183 shares of the stock were exchanged, compared to its average volume of 2,064,981. The firm has a market capitalization of $61.70 billion, a price-to-earnings ratio of 40.30, a P/E/G ratio of 2.57 and a beta of 1.26. The stock's fifty day simple moving average is $261.36 and its 200 day simple moving average is $247.78. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $279.46.

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, beating analysts' consensus estimates of $2.04 by $0.16. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. During the same quarter in the previous year, the firm posted $1.91 EPS. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide's dividend payout ratio is currently 9.22%.

Analyst Ratings Changes

A number of brokerages have weighed in on HLT. Raymond James Financial boosted their target price on shares of Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Robert W. Baird raised their price target on Hilton Worldwide from $276.00 to $278.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Morgan Stanley dropped their price target on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Macquarie upped their price objective on Hilton Worldwide from $240.00 to $258.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Evercore ISI reduced their target price on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of "Moderate Buy" and a consensus price target of $259.19.

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.