Hilton Worldwide Holdings Inc. (NYSE:HLT) Stock Holdings Trimmed by PBMares Wealth Management LLC

PBMares Wealth Management LLC trimmed its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 18.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,885 shares of the company's stock after selling 4,975 shares during the period. Hilton Worldwide makes up 1.0% of PBMares Wealth Management LLC's investment portfolio, making the stock its 19th largest holding. PBMares Wealth Management LLC's holdings in Hilton Worldwide were worth $4,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of HLT. Legacy Advisors LLC raised its position in Hilton Worldwide by 32.2% in the 1st quarter. Legacy Advisors LLC now owns 1,154 shares of the company's stock valued at $263,000 after purchasing an additional 281 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Hilton Worldwide by 3.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 118,767 shares of the company's stock worth $27,025,000 after acquiring an additional 4,380 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Hilton Worldwide by 46.7% during the first quarter. Oppenheimer & Co. Inc. now owns 2,079 shares of the company's stock worth $473,000 after acquiring an additional 662 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Hilton Worldwide by 44.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,507 shares of the company's stock worth $1,253,000 after purchasing an additional 1,691 shares in the last quarter. Finally, Palumbo Wealth Management LLC lifted its position in Hilton Worldwide by 61.4% in the first quarter. Palumbo Wealth Management LLC now owns 3,445 shares of the company's stock valued at $784,000 after purchasing an additional 1,311 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Dbs Bank raised Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Evercore ISI reduced their target price on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. Barclays lowered their price target on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Macquarie reduced their price objective on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Truist Financial lowered their target price on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of "Moderate Buy" and an average price target of $249.06.

Hilton Worldwide Trading Up 1.4%

Shares of HLT traded up $3.65 during mid-day trading on Tuesday, reaching $255.99. The company had a trading volume of 2,346,383 shares, compared to its average volume of 1,760,076. The stock has a market cap of $60.85 billion, a price-to-earnings ratio of 40.38, a price-to-earnings-growth ratio of 2.81 and a beta of 1.24. The firm has a fifty day simple moving average of $240.47 and a 200-day simple moving average of $243.34. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share (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 net margin of 13.90% and a negative return on equity of 49.50%. The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.53 earnings per share. As a group, equities 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 declared a dividend, which will be paid on Friday, June 27th. Investors of record on Monday, May 26th will be given a dividend of $0.15 per share. This represents a yield of 0.23%. The ex-dividend date of this dividend is Friday, May 23rd. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.46%.

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.