Voloridge Investment Management LLC Cuts Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Voloridge Investment Management LLC reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 54.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,563 shares of the company's stock after selling 255,244 shares during the quarter. Voloridge Investment Management LLC owned 0.09% of Hilton Worldwide worth $53,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Noble Wealth Management PBC purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth about $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $34,000. Sierra Ocean LLC purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $36,000. Finally, Hopwood Financial Services Inc. acquired a new stake in Hilton Worldwide during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Down 1.3%

HLT opened at $253.12 on Wednesday. The firm has a market cap of $60.17 billion, a P/E ratio of 41.16, a P/E/G ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 52 week low of $194.93 and a 52 week high of $275.22. The business has a fifty day simple moving average of $227.52 and a 200-day simple moving average of $243.50.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.11. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Hilton Worldwide's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.53 EPS. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, May 26th will be given a $0.15 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 0.23%. Hilton Worldwide's dividend payout ratio is presently 9.46%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HLT shares. 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 research note on Monday, April 14th. Raymond James boosted their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Susquehanna raised their target price on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Evercore ISI cut their price objective 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, Dbs Bank upgraded shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Eleven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide currently has a consensus rating of "Hold" and a consensus price target 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.

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