Valley Wealth Managers Inc. Invests $567,000 in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Valley Wealth Managers Inc. purchased 2,491 shares of Hilton Worldwide Holdings Inc. in the first quarter, valued at approximately $567,000.
• Several institutional investors have increased their stakes in Hilton, with 95.90% of the stock now owned by institutional investors.
• Wall Street analysts have mixed views on Hilton, with price targets ranging from $241.00 to $278.00, and a consensus average rating of "Moderate Buy."

Valley Wealth Managers Inc. acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,491 shares of the company's stock, valued at approximately $567,000.

Other hedge funds also recently made changes to their positions in the company. HB Wealth Management LLC raised its position in shares of Hilton Worldwide by 20.3% in the first quarter. HB Wealth Management LLC now owns 8,533 shares of the company's stock valued at $1,942,000 after purchasing an additional 1,440 shares during the period. Applied Finance Capital Management LLC lifted its position in Hilton Worldwide by 6.4% during the 1st quarter. Applied Finance Capital Management LLC now owns 6,523 shares of the company's stock worth $1,484,000 after buying an additional 391 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in Hilton Worldwide by 53.4% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 224,626 shares of the company's stock worth $51,114,000 after purchasing an additional 78,182 shares during the last quarter. Stevens Capital Management LP raised its holdings in Hilton Worldwide by 35.0% during the 1st quarter. Stevens Capital Management LP now owns 2,642 shares of the company's stock worth $601,000 after purchasing an additional 685 shares during the last quarter. Finally, Equitable Trust Co. increased its stake in shares of Hilton Worldwide by 2.4% in the 1st quarter. Equitable Trust Co. now owns 3,037 shares of the company's stock valued at $691,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

Hilton Worldwide Stock Performance

HLT stock traded up $1.43 on Wednesday, hitting $274.49. 552,572 shares of the company's stock were exchanged, compared to its average volume of 2,063,253. The firm has a 50 day moving average price of $260.09 and a two-hundred day moving average price of $247.27. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $279.46. The stock has a market cap of $64.56 billion, a P/E ratio of 42.21, a price-to-earnings-growth ratio of 2.67 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the prior year, the firm posted $1.91 EPS. Hilton Worldwide's quarterly revenue was up 6.3% compared to the same quarter last year. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Friday, August 29th. Hilton Worldwide's payout ratio is currently 9.22%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HLT shares. JPMorgan Chase & Co. started coverage on Hilton Worldwide in a research note on Monday, June 23rd. They set an "overweight" rating and a $282.00 target price for the company. Jefferies Financial Group upgraded Hilton Worldwide from a "hold" rating to a "buy" rating and raised their price target for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Evercore ISI decreased their target price on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 23rd. Macquarie lifted their price objective on Hilton Worldwide from $240.00 to $258.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Dbs Bank raised Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $259.19.

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.