Parr Mcknight Wealth Management Group LLC Makes New $2.38 Million Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Parr Mcknight Wealth Management Group LLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,616 shares of the company's stock, valued at approximately $2,377,000.

Several other institutional investors have also recently made changes to their positions in the company. Noble Wealth Management PBC bought a new position in Hilton Worldwide in the fourth quarter worth $27,000. VSM Wealth Advisory LLC purchased a new position in Hilton Worldwide during the 4th quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Hilton Worldwide during the fourth quarter worth about $34,000. Sierra Ocean LLC purchased a new stake in Hilton Worldwide in the fourth quarter worth about $36,000. Finally, Hopwood Financial Services Inc. bought a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $41,000. Institutional investors own 95.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Robert W. Baird upped their price target on Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Macquarie cut their target price on Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. 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 report on Wednesday, April 30th. Mizuho restated a "neutral" rating and set a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $235.00 target price (down previously from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Eleven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of "Hold" and a consensus price target of $245.56.

Hilton Worldwide Trading Down 0.7%

HLT stock traded down $1.77 during midday trading on Wednesday, reaching $251.31. 730,057 shares of the company's stock traded hands, compared to its average volume of 1,753,709. The stock's 50-day moving average is $229.14 and its 200 day moving average is $243.69. Hilton Worldwide Holdings Inc. has a 52-week low of $194.93 and a 52-week high of $275.22. The stock has a market cap of $59.74 billion, a P/E ratio of 40.86, a PEG ratio of 2.86 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.61 by $0.11. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The business's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 earnings per share. 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 dividend, which will be paid on Friday, June 27th. Investors of record on Monday, May 26th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide's dividend payout ratio is currently 9.46%.

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.