Palumbo Wealth Management LLC Increases Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Palumbo Wealth Management LLC lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 61.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,445 shares of the company's stock after purchasing an additional 1,311 shares during the quarter. Palumbo Wealth Management LLC's holdings in Hilton Worldwide were worth $784,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its position in shares of Hilton Worldwide by 194.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock worth $651,000 after acquiring an additional 1,740 shares during the period. Amundi grew its stake in Hilton Worldwide by 24.2% during the 4th quarter. Amundi now owns 953,938 shares of the company's stock worth $232,098,000 after purchasing an additional 185,765 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hilton Worldwide by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock worth $55,774,000 after purchasing an additional 4,846 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Hilton Worldwide in the 1st quarter valued at about $314,000. Finally, SVB Wealth LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at about $1,138,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Price Performance

NYSE:HLT traded up $3.44 during mid-day trading on Monday, reaching $252.30. The company's stock had a trading volume of 1,791,911 shares, compared to its average volume of 1,757,688. The stock has a market cap of $59.97 billion, a P/E ratio of 39.79, a P/E/G ratio of 2.81 and a beta of 1.24. The company's fifty day simple moving average is $239.63 and its two-hundred day simple moving average is $243.38. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.61 by $0.11. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. Hilton Worldwide's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.53 earnings per share. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on HLT shares. Truist Financial lowered their target price on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Macquarie dropped their price objective on Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Morgan Stanley decreased their target price on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Barclays lowered their price target on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Hilton Worldwide in a report on Monday. They set an "overweight" rating and a $282.00 price objective on the stock. Ten analysts have rated the stock with a hold rating, eight have given 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 target price of $249.06.

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.