Sfmg LLC Cuts Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Sfmg LLC has reduced its position in Hilton Worldwide Holdings Inc. by 10.8%, owning 8,264 shares after selling 1,000 during the first quarter.
• Hilton Worldwide reported a quarterly earnings per share (EPS) of $2.20, exceeding analysts' expectations of $2.04, with revenues of $3.14 billion.
• The consensus rating for Hilton Worldwide shares is a "Moderate Buy", with an average target price of $259.19 from various analysts.

Sfmg LLC reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 10.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,264 shares of the company's stock after selling 1,000 shares during the quarter. Sfmg LLC's holdings in Hilton Worldwide were worth $1,880,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HLT. ORG Partners LLC lifted its stake in shares of Hilton Worldwide by 78.7% in the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock valued at $38,000 after purchasing an additional 74 shares during the last quarter. Beacon Capital Management LLC lifted its stake 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 valued at $40,000 after purchasing an additional 76 shares during the last quarter. Valley National Advisers Inc. lifted its stake 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 valued at $45,000 after purchasing an additional 142 shares during the last quarter. Optiver Holding B.V. lifted its stake 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 valued at $54,000 after purchasing an additional 122 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Hilton Worldwide in the first quarter worth approximately $54,000. 95.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HLT shares. Robert W. Baird increased their price objective on Hilton Worldwide from $276.00 to $278.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Truist Financial upped their price target on Hilton Worldwide from $223.00 to $246.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their price objective for the company from $228.00 to $296.00 in a report on Monday, May 12th. Evercore ISI decreased their target price on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $259.19.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT traded up $2.98 during midday trading on Friday, hitting $263.90. The company's stock had a trading volume of 1,324,368 shares, compared to its average volume of 2,044,112. The business's 50 day simple moving average is $262.31 and its 200 day simple moving average is $248.16. The company has a market cap of $62.07 billion, a P/E ratio of 40.53, a price-to-earnings-growth ratio of 2.57 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $279.46.

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

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 29th. 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.