Hilton Worldwide Holdings Inc. (NYSE:HLT) Holdings Lowered by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 14.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 12,800 shares of the company's stock after selling 2,200 shares during the period. PKO Investment Management Joint Stock Co's holdings in Hilton Worldwide were worth $2,913,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Sagespring Wealth Partners LLC raised its stake in shares of Hilton Worldwide by 5.6% in the 1st quarter. Sagespring Wealth Partners LLC now owns 3,346 shares of the company's stock valued at $761,000 after acquiring an additional 176 shares during the period. Sowell Financial Services LLC purchased a new stake in Hilton Worldwide during the 1st quarter worth $314,000. Brighton Jones LLC increased its stake in Hilton Worldwide by 11.7% during the 1st quarter. Brighton Jones LLC now owns 1,322 shares of the company's stock worth $301,000 after buying an additional 138 shares during the period. Exchange Traded Concepts LLC increased its stake in Hilton Worldwide by 12.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 789 shares of the company's stock worth $180,000 after buying an additional 88 shares during the period. Finally, Everhart Financial Group Inc. increased its stake in Hilton Worldwide by 7.2% during the 1st quarter. Everhart Financial Group Inc. now owns 3,447 shares of the company's stock worth $784,000 after buying an additional 232 shares during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Macquarie dropped their price target on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Morgan Stanley decreased their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Susquehanna raised their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. The Goldman Sachs Group reissued a "neutral" rating and set a $235.00 price objective (down from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Finally, Truist Financial decreased their price objective on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Eleven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Hilton Worldwide has an average rating of "Hold" and an average target price of $245.56.

Hilton Worldwide Trading Up 0.3%

NYSE:HLT traded up $0.64 during mid-day trading on Wednesday, hitting $247.61. The stock had a trading volume of 1,526,901 shares, compared to its average volume of 1,753,691. The stock has a market capitalization of $58.86 billion, a price-to-earnings ratio of 39.06, a P/E/G ratio of 2.79 and a beta of 1.24. The company has a 50 day simple moving average of $237.58 and a 200-day simple moving average of $243.55. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week 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 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.11. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.53 EPS. As a group, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

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

Hilton Worldwide 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.