Malaga Cove Capital LLC Buys Shares of 1,388 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Malaga Cove Capital LLC has acquired a new stake in Hilton Worldwide Holdings, purchasing 1,388 shares valued at approximately $316,000 in the first quarter of the year.
• Several institutional investors increased their holdings in Hilton, with 95.90% of the stock currently owned by such entities, highlighting strong institutional confidence in the company.
• Hilton Worldwide's latest earnings surpassed expectations with a reported $2.20 earnings per share and increased quarterly revenue of $3.14 billion, up 6.3% year-over-year.

Malaga Cove Capital LLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,388 shares of the company's stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Fiduciary Trust Co boosted its stake in Hilton Worldwide by 0.5% in the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock valued at $1,810,000 after acquiring an additional 38 shares during the period. Apollon Wealth Management LLC boosted its stake in Hilton Worldwide by 2.9% in the first quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company's stock valued at $351,000 after acquiring an additional 44 shares during the period. First Bank & Trust boosted 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 buying an additional 48 shares during the period. CoreCap Advisors LLC boosted 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 buying an additional 51 shares during the period. Finally, Catalyst Financial Partners LLC boosted 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 buying an additional 53 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Performance

Shares of NYSE HLT traded down $4.27 during trading on Tuesday, hitting $258.15. The company had a trading volume of 224,773 shares, compared to its average volume of 2,051,743. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $279.46. The business's 50-day moving average is $261.71 and its 200 day moving average is $247.89. The company has a market cap of $60.71 billion, a P/E ratio of 39.58, a PEG ratio of 2.57 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $2.20 EPS for the quarter, beating 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 company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The company's quarterly revenue was up 6.3% compared to the same quarter last year. On average, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HLT shares. Robert W. Baird boosted their price objective on Hilton Worldwide from $276.00 to $278.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Barclays reduced their price objective on Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Raymond James Financial boosted their price objective on Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. started coverage on Hilton Worldwide in a research report on Monday, June 23rd. They set an "overweight" rating and a $282.00 price objective for the company. Finally, Jefferies Financial Group upgraded Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Ten 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, Hilton Worldwide presently has a consensus rating of "Moderate Buy" and an average target price 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.