SOA Wealth Advisors LLC. Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

SOA Wealth Advisors LLC. purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,286 shares of the company's stock, valued at approximately $2,341,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $694,787,000. GAMMA Investing LLC raised its position in Hilton Worldwide by 23,543.6% in the 1st quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company's stock valued at $2,397,370,000 after purchasing an additional 1,049,101 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock worth $1,952,314,000 after purchasing an additional 919,424 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Hilton Worldwide by 26.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company's stock worth $806,999,000 after purchasing an additional 685,023 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Hilton Worldwide by 426.9% in the fourth quarter. Marshall Wace LLP now owns 762,261 shares of the company's stock valued at $188,400,000 after buying an additional 617,604 shares in the last quarter. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Performance

NYSE HLT traded down $0.66 during trading hours on Monday, reaching $252.15. 1,080,974 shares of the company's stock were exchanged, compared to its average volume of 1,748,637. The company has a market capitalization of $59.94 billion, a price-to-earnings ratio of 41.00, a price-to-earnings-growth ratio of 2.86 and a beta of 1.24. The company's 50-day moving average is $232.25 and its two-hundred day moving average is $243.61. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.61 by $0.11. The business had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.53 EPS. Research 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 announced a dividend, which will be paid on Friday, June 27th. Investors of record on Monday, May 26th will be given a $0.15 dividend. 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 currently 9.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HLT shares. Evercore ISI decreased their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Macquarie lowered their price target on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Dbs Bank raised Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Finally, Robert W. Baird upped their price target on Hilton Worldwide from $242.00 to $246.00 and gave the company an "outperform" rating in a research note 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 company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $245.56.

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.