U S Global Investors Inc. Lowers Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

U S Global Investors Inc. cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 20.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,150 shares of the company's stock after selling 1,300 shares during the quarter. U S Global Investors Inc.'s holdings in Hilton Worldwide were worth $1,172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLT. Norges Bank bought a new stake in shares of Hilton Worldwide in the 4th quarter valued at $694,787,000. GAMMA Investing LLC boosted its position in shares of Hilton Worldwide by 23,543.6% during 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 in the last quarter. JPMorgan Chase & Co. grew its stake in Hilton Worldwide by 13.2% during 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 during the period. Arrowstreet Capital Limited Partnership increased its holdings in Hilton Worldwide by 26.6% in 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 in the last quarter. Finally, Marshall Wace LLP lifted its stake in 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 during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Price Performance

HLT stock traded up $8.38 during trading on Friday, reaching $265.87. The company had a trading volume of 8,694,745 shares, compared to its average volume of 1,790,787. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $275.22. The company has a market cap of $63.20 billion, a P/E ratio of 41.94, a PEG ratio of 2.91 and a beta of 1.24. The business has a 50 day moving average of $244.31 and a 200 day moving average of $243.64.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the business earned $1.53 EPS. Hilton Worldwide's quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts expect 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 was paid on Friday, June 27th. Stockholders of record on Monday, May 26th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide's dividend payout ratio is currently 9.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price objective for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Truist Financial cut their target price on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird increased their price target on Hilton Worldwide from $242.00 to $246.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Evercore ISI reduced 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 note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 target price for the company. Ten investment analysts have rated the stock with a hold rating, eight have issued 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 target price of $249.06.

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.