Wealth Enhancement Advisory Services LLC Acquires 7,237 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Wealth Enhancement Advisory Services LLC raised its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,140 shares of the company's stock after purchasing an additional 7,237 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Hilton Worldwide were worth $9,674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC lifted its holdings in Hilton Worldwide by 10.5% during the 4th quarter. Perigon Wealth Management LLC now owns 1,055 shares of the company's stock worth $260,000 after buying an additional 100 shares in the last quarter. OLD National Bancorp IN raised its position in shares of Hilton Worldwide by 10.8% during the fourth quarter. OLD National Bancorp IN now owns 1,904 shares of the company's stock worth $471,000 after purchasing an additional 185 shares during the period. Caprock Group LLC boosted its holdings in shares of Hilton Worldwide by 30.6% in the fourth quarter. Caprock Group LLC now owns 4,826 shares of the company's stock valued at $1,193,000 after buying an additional 1,130 shares during the period. Great Diamond Partners LLC acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at about $206,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at approximately $275,000. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Trading Down 0.6%

HLT traded down $1.43 on Wednesday, reaching $249.67. The company had a trading volume of 1,255,907 shares, compared to its average volume of 1,750,086. The company has a fifty day moving average of $231.31 and a 200-day moving average of $243.70. The company has a market capitalization of $59.35 billion, a P/E ratio of 40.60, a PEG ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $275.22.

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

Hilton Worldwide Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, May 26th will be paid 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 presently 9.46%.

Analyst Ratings Changes

A number of research firms recently weighed in on HLT. Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their target price for the stock from $228.00 to $296.00 in a report on Monday, May 12th. Barclays dropped their target price 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. Mizuho reaffirmed a "neutral" rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Raymond James raised their price target on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, Susquehanna raised their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Eleven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Hilton Worldwide presently has an average rating of "Hold" and a consensus target price of $245.56.

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.