Westfield Capital Management Co. LP Has $57.22 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Westfield Capital Management Co. LP has reduced its stake in Hilton Worldwide to 251,474 shares, worth approximately $57.22 million, after selling 1,707 shares in the first quarter.
• Hilton Worldwide has reported a 2nd quarter EPS of $2.20, exceeding analysts' expectations by $0.16, with a revenue increase of 6.3% year-over-year to $3.14 billion.
• The company announced a quarterly dividend of $0.15 per share, with an ex-dividend date of August 29th, equating to an annualized dividend yield of 0.2%.

Westfield Capital Management Co. LP lessened its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 0.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 251,474 shares of the company's stock after selling 1,707 shares during the quarter. Westfield Capital Management Co. LP owned about 0.11% of Hilton Worldwide worth $57,223,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. ORG Partners LLC raised its holdings in shares of Hilton Worldwide by 78.7% in the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock valued at $38,000 after purchasing an additional 74 shares during the period. Beacon Capital Management LLC increased its holdings in shares of Hilton Worldwide by 76.0% during the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after acquiring an additional 76 shares during the last quarter. Valley National Advisers Inc. raised its stake in Hilton Worldwide by 244.8% in the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock valued at $45,000 after acquiring an additional 142 shares during the period. Optiver Holding B.V. lifted its holdings in Hilton Worldwide by 127.1% during the 4th quarter. Optiver Holding B.V. now owns 218 shares of the company's stock valued at $54,000 after purchasing an additional 122 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in Hilton Worldwide during the first quarter worth $54,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Hilton Worldwide Stock Up 0.0%

HLT traded up $0.06 on Thursday, reaching $261.01. The company's stock had a trading volume of 1,277,784 shares, compared to its average volume of 1,892,337. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $279.46. The stock has a 50 day moving average of $262.31 and a two-hundred day moving average of $248.16. The company has a market capitalization of $61.39 billion, a price-to-earnings ratio of 40.09, a P/E/G ratio of 2.57 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.04 by $0.16. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. Hilton Worldwide's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.91 earnings per share. As a group, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a $0.15 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.22%.

Analyst Upgrades and Downgrades

HLT has been the topic of several research reports. Bank of America upped their price target on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Jefferies Financial Group upgraded shares of Hilton Worldwide from a "hold" rating to a "buy" rating and increased their target price for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Dbs Bank upgraded shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Evercore ISI reduced their price target 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. Finally, Barclays dropped their price objective on Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide has a consensus rating of "Moderate Buy" and an average price target of $259.19.

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.