Vontobel Holding Ltd. Lowers Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Vontobel Holding Ltd. decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,302 shares of the company's stock after selling 2,014 shares during the period. Vontobel Holding Ltd.'s holdings in Hilton Worldwide were worth $6,895,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. grew its stake in shares of Hilton Worldwide by 29.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,816 shares of the company's stock valued at $943,000 after buying an additional 876 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Hilton Worldwide by 8.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,417 shares of the company's stock worth $350,000 after buying an additional 109 shares during the last quarter. US Bancorp DE lifted its position in Hilton Worldwide by 0.6% in the 4th quarter. US Bancorp DE now owns 20,608 shares of the company's stock valued at $5,094,000 after acquiring an additional 114 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Hilton Worldwide by 194.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock valued at $651,000 after purchasing an additional 1,740 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Hilton Worldwide during the 4th quarter worth approximately $255,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Trading Up 1.1%

Shares of HLT traded up $3.10 during midday trading on Friday, reaching $273.21. The stock had a trading volume of 928,231 shares, compared to its average volume of 1,791,576. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $275.22. The company's 50-day moving average is $248.88 and its 200 day moving average is $244.05. The company has a market capitalization of $64.94 billion, a price-to-earnings ratio of 43.09, a price-to-earnings-growth ratio of 3.05 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data 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. Hilton Worldwide had a negative return on equity of 49.50% and a net margin of 13.90%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. The business's revenue was up 4.7% on a year-over-year basis. Research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, May 26th were given a $0.15 dividend. This represents a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, May 23rd. Hilton Worldwide's dividend payout ratio is currently 9.46%.

Analysts Set New Price Targets

HLT has been the subject of several recent research reports. The Goldman Sachs Group reiterated a "neutral" rating and set a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Morgan Stanley reduced their target price on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Truist Financial dropped their price target on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Barclays cut their price target on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, Jefferies Financial Group upgraded shares of Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price objective for the company from $228.00 to $296.00 in a research note on Monday, May 12th. Ten equities 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $249.06.

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.