Hilton Worldwide Holdings Inc. $HLT Shares Bought by Prudential PLC

Key Points

• Prudential PLC significantly increased its stake in Hilton Worldwide Holdings Inc. by 688.3% in Q1, bringing its total holdings to approximately $6.95 million with 30,540 shares.
• Hilton Worldwide's quarterly earnings surpassed expectations, reporting $2.20 EPS against the consensus estimate of $2.04 EPS, along with a revenue of $3.14 billion.
• The company announced a quarterly dividend of $0.15, resulting in an annualized dividend yield of 0.2%, reflecting a low payout ratio of 9.22%.

Prudential PLC grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 688.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,540 shares of the company's stock after buying an additional 26,666 shares during the quarter. Prudential PLC's holdings in Hilton Worldwide were worth $6,949,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. boosted its position in shares of Hilton Worldwide by 7.1% during the first quarter. Resona Asset Management Co. Ltd. now owns 78,970 shares of the company's stock valued at $17,947,000 after buying an additional 5,215 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. lifted its position in shares of Hilton Worldwide by 91.2% during the first quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 1,300 shares of the company's stock worth $296,000 after purchasing an additional 620 shares during the last quarter. Callan Family Office LLC boosted its stake in shares of Hilton Worldwide by 143.7% during the first quarter. Callan Family Office LLC now owns 5,218 shares of the company's stock valued at $1,187,000 after purchasing an additional 3,077 shares during the period. Anfield Capital Management LLC bought a new position in shares of Hilton Worldwide in the first quarter worth about $1,193,000. Finally, AIA Group Ltd increased its stake in Hilton Worldwide by 14.6% in the 1st quarter. AIA Group Ltd now owns 23,461 shares of the company's stock worth $5,339,000 after buying an additional 2,996 shares during the period. Institutional investors own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

HLT has been the subject of several recent research reports. Truist Financial boosted their price target on shares of Hilton Worldwide from $223.00 to $246.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Barclays lowered their target price on shares of Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Bank of America raised their price objective on Hilton Worldwide from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Macquarie upped their price target on shares of Hilton Worldwide from $240.00 to $258.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Evercore ISI lowered their target price on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Nine investment 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 company. According to MarketBeat.com, Hilton Worldwide presently has an average rating of "Moderate Buy" and an average price target of $264.40.

Hilton Worldwide Stock Performance

Shares of HLT stock traded up $0.42 on Monday, reaching $268.15. 478,514 shares of the company were exchanged, compared to its average volume of 2,020,506. The company has a market cap of $63.07 billion, a price-to-earnings ratio of 41.18, a P/E/G ratio of 2.64 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.46. The business has a 50-day moving average price of $264.39 and a 200 day moving average price of $248.81.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.16. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the business posted $1.91 earnings per share. The business's quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide's payout ratio is presently 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.