PNC Financial Services Group Inc. Sells 2,513 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

PNC Financial Services Group Inc. reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,870 shares of the company's stock after selling 2,513 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Hilton Worldwide were worth $14,761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in HLT. ORG Partners LLC boosted its position in shares of Hilton Worldwide by 78.7% in the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after purchasing an additional 74 shares in the last quarter. Beacon Capital Management LLC boosted its position in shares of Hilton Worldwide by 76.0% in the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after purchasing an additional 76 shares in the last quarter. Valley National Advisers Inc. boosted its position in shares of Hilton Worldwide by 244.8% in the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock worth $45,000 after purchasing an additional 142 shares in the last quarter. Optiver Holding B.V. boosted its position in shares of Hilton Worldwide by 127.1% in the 4th quarter. Optiver Holding B.V. now owns 218 shares of the company's stock worth $54,000 after purchasing an additional 122 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Hilton Worldwide in the 1st quarter worth approximately $54,000. 95.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HLT. The Goldman Sachs Group restated a "neutral" rating and issued a $235.00 price objective (down from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Raymond James Financial boosted their price objective on shares of Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. began coverage on shares of Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price objective for the company. Dbs Bank upgraded shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Finally, Robert W. Baird boosted their price objective on shares of Hilton Worldwide from $276.00 to $278.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of "Moderate Buy" and a consensus target price of $259.19.

Hilton Worldwide Price Performance

NYSE:HLT opened at $262.35 on Tuesday. The firm has a market capitalization of $61.70 billion, a price-to-earnings ratio of 40.30, a price-to-earnings-growth ratio of 2.57 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $279.46. The business has a fifty day moving average price of $261.71 and a 200-day moving average price of $247.89.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.04 by $0.16. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. Hilton Worldwide's revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.91 EPS. On average, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide's dividend payout ratio is currently 9.22%.

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.

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