Mizuho Securities USA LLC Has $4.38 Million Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Mizuho Securities USA LLC reduced its stake in Hilton Worldwide Holdings Inc. by 16.6% during the first quarter, selling 3,840 shares and now owning 19,265 shares valued at approximately $4.384 million.
• Hilton Worldwide's latest quarterly earnings beat analyst estimates with an EPS of $2.20, exceeding predictions of $2.04, while revenue increased 6.3% year-over-year to $3.14 billion.
• The company has announced a quarterly dividend of $0.15 per share, representing a dividend yield of 0.2% with a payout ratio of 9.22%.

Mizuho Securities USA LLC decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,265 shares of the company's stock after selling 3,840 shares during the period. Mizuho Securities USA LLC's holdings in Hilton Worldwide were worth $4,384,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HLT. Cerity Partners LLC lifted its position in shares of Hilton Worldwide by 48.3% in the 4th quarter. Cerity Partners LLC now owns 20,026 shares of the company's stock worth $4,821,000 after acquiring an additional 6,521 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Hilton Worldwide by 5.1% during the 4th quarter. Advisory Services Network LLC now owns 2,553 shares of the company's stock worth $631,000 after acquiring an additional 124 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Hilton Worldwide by 0.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 53,634 shares of the company's stock worth $13,247,000 after acquiring an additional 399 shares during the period. Townsquare Capital LLC lifted its holdings in shares of Hilton Worldwide by 6.3% during the 4th quarter. Townsquare Capital LLC now owns 6,687 shares of the company's stock worth $1,653,000 after acquiring an additional 398 shares during the period. Finally, Sagespring Wealth Partners LLC bought a new position in shares of Hilton Worldwide during the 4th quarter worth about $784,000. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Price Performance

NYSE HLT traded up $0.74 on Wednesday, hitting $269.51. 69,239 shares of the stock were exchanged, compared to its average volume of 2,028,019. The business's fifty day moving average is $263.19 and its 200 day moving average is $248.49. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $279.46. The company has a market capitalization of $63.39 billion, a PE ratio of 41.41, a P/E/G ratio of 2.57 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.16. The firm 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 company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 earnings per share. Analysts predict 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 $0.15 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide's dividend payout ratio is presently 9.22%.

Wall Street Analyst Weigh In

HLT has been the subject of a number of analyst reports. Robert W. Baird raised their price objective on shares of Hilton Worldwide from $276.00 to $278.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Barclays cut their price target on shares of Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. JPMorgan Chase & Co. started 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. Truist Financial raised their price objective on shares of Hilton Worldwide from $223.00 to $246.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Finally, Raymond James Financial raised their price objective on shares of Hilton Worldwide from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $264.40.

About Hilton Worldwide

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.