New Age Alpha Advisors LLC Boosts Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• New Age Alpha Advisors LLC increased its stake in Hilton Worldwide Holdings Inc. by 231.3%, acquiring an additional 12,494 shares, bringing its total holdings to 17,895 shares valued at approximately $4.07 million.
• Despite a recent drop in stock price, multiple analysts have provided positive ratings on Hilton's stock, with target prices ranging from $259.19 to $300.00.
• Hilton Worldwide recently reported a higher-than-expected quarterly EPS of $2.20 and announced a quarterly dividend of $0.15 per share, reflecting a 0.2% annualized yield.

New Age Alpha Advisors LLC increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 231.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,895 shares of the company's stock after acquiring an additional 12,494 shares during the period. New Age Alpha Advisors LLC's holdings in Hilton Worldwide were worth $4,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Hilton Worldwide by 23,543.6% in the 1st quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company's stock valued at $2,397,370,000 after buying an additional 1,049,101 shares during the last quarter. Marshall Wace LLP grew its position in shares of Hilton Worldwide by 426.9% during the 4th quarter. Marshall Wace LLP now owns 762,261 shares of the company's stock valued at $188,400,000 after acquiring an additional 617,604 shares during the period. SurgoCap Partners LP bought a new position in shares of Hilton Worldwide during the 4th quarter valued at approximately $109,492,000. Jennison Associates LLC grew its position in shares of Hilton Worldwide by 11.3% during the 1st quarter. Jennison Associates LLC now owns 3,784,366 shares of the company's stock valued at $861,132,000 after acquiring an additional 385,096 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Hilton Worldwide by 112.4% during the 4th quarter. AQR Capital Management LLC now owns 714,620 shares of the company's stock valued at $176,626,000 after acquiring an additional 378,206 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on HLT shares. Truist Financial raised their price target on shares of Hilton Worldwide from $223.00 to $246.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Robert W. Baird raised their price target on shares of Hilton Worldwide from $276.00 to $278.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide in a research report on Monday, June 23rd. They set an "overweight" rating and a $282.00 price objective on the stock. Evercore ISI lowered their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 23rd. Finally, Dbs Bank upgraded shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $259.19.

Hilton Worldwide Trading Up 0.6%

HLT stock traded up $1.55 during midday trading on Friday, reaching $262.47. 1,957,942 shares of the company's stock traded hands, compared to its average volume of 1,888,753. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $279.46. The stock has a market cap of $61.73 billion, a P/E ratio of 40.32, a PEG ratio of 2.57 and a beta of 1.26. The stock's 50-day moving average is $262.31 and its 200 day moving average is $248.16.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.16. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the business earned $1.91 earnings per share. Hilton Worldwide's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced 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. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 29th. Hilton Worldwide's dividend payout ratio (DPR) is 9.22%.

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.