Waverly Advisors LLC Invests $314,000 in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Waverly Advisors LLC acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,270 shares of the company's stock, valued at approximately $314,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Noble Wealth Management PBC bought a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Hilton Worldwide in the fourth quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Hilton Worldwide during the fourth quarter worth approximately $34,000. Sierra Ocean LLC purchased a new stake in Hilton Worldwide in the 4th quarter worth $36,000. Finally, Hopwood Financial Services Inc. acquired a new position in shares of Hilton Worldwide during the 4th quarter worth about $41,000. 95.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HLT has been the topic of a number of analyst reports. Truist Financial reduced their price objective 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. Macquarie dropped their price objective on Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Barclays reduced their price objective on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company increased their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Finally, Dbs Bank upgraded Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Eleven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $245.56.

Hilton Worldwide Stock Down 1.0%

Shares of HLT stock traded down $2.43 during trading hours on Wednesday, reaching $250.65. 1,724,737 shares of the company's stock were exchanged, compared to its average volume of 1,757,604. The business has a fifty day moving average price of $229.14 and a 200-day moving average price of $243.69. The stock has a market capitalization of $59.58 billion, a P/E ratio of 40.76, a P/E/G ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a fifty-two week low of $194.93 and a fifty-two week high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.11. The company had revenue of $2.70 billion for 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%. The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 earnings per share. As a group, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

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.