Pallas Capital Advisors LLC Raises Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Pallas Capital Advisors LLC grew its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 78.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,236 shares of the company's stock after purchasing an additional 1,424 shares during the period. Pallas Capital Advisors LLC's holdings in Hilton Worldwide were worth $736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fiduciary Trust Co boosted its position in shares of Hilton Worldwide by 0.5% in the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock worth $1,810,000 after buying an additional 38 shares during the period. Palumbo Wealth Management LLC boosted its position in Hilton Worldwide by 2.0% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock worth $528,000 after acquiring an additional 41 shares during the period. Concurrent Investment Advisors LLC grew its stake in Hilton Worldwide by 1.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock valued at $799,000 after acquiring an additional 43 shares in the last quarter. CoreCap Advisors LLC increased its holdings in shares of Hilton Worldwide by 6.1% in the 4th quarter. CoreCap Advisors LLC now owns 890 shares of the company's stock valued at $220,000 after purchasing an additional 51 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in shares of Hilton Worldwide by 9.6% in the fourth quarter. Venturi Wealth Management LLC now owns 591 shares of the company's stock worth $146,000 after purchasing an additional 52 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Trading Down 1.3%

Shares of NYSE HLT traded down $3.26 during midday trading on Thursday, hitting $250.28. The company's stock had a trading volume of 1,609,123 shares, compared to its average volume of 1,749,427. The stock has a fifty day moving average price of $234.28 and a 200 day moving average price of $243.75. The firm has a market capitalization of $59.49 billion, a price-to-earnings ratio of 40.70, a P/E/G ratio of 2.86 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.61 by $0.11. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Hilton Worldwide's revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.53 earnings per share. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

Analyst Ratings Changes

HLT has been the subject of several recent research reports. Barclays lowered their price target on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Morgan Stanley dropped their price target on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Susquehanna raised their price target on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Macquarie decreased their price objective on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Finally, Evercore ISI cut their price objective on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Eleven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $245.56.

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.