Zions Bancorporation National Association UT Takes $219,000 Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Zions Bancorporation National Association UT has acquired a new stake in Hilton Worldwide Holdings Inc. worth approximately $219,000, purchasing 964 shares in the 1st quarter.
• Hilton's stock is currently priced at $262.47, with recent earnings exceeding analysts' expectations, including a reported $2.20 earnings per share during the last quarter.
• The company has also announced a quarterly dividend of $0.15 per share, which will be paid out on September 30th, highlighting its commitment to returning value to shareholders.

Zions Bancorporation National Association UT bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 964 shares of the company's stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Forsta AP Fonden boosted its stake in shares of Hilton Worldwide by 37.6% in the first quarter. Forsta AP Fonden now owns 76,900 shares of the company's stock valued at $17,499,000 after purchasing an additional 21,000 shares during the period. Citigroup Inc. grew its position in shares of Hilton Worldwide by 116.9% during the first quarter. Citigroup Inc. now owns 367,097 shares of the company's stock worth $83,533,000 after buying an additional 197,867 shares in the last quarter. Fayez Sarofim & Co grew its position in shares of Hilton Worldwide by 4.2% during the first quarter. Fayez Sarofim & Co now owns 1,392 shares of the company's stock worth $317,000 after buying an additional 56 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Hilton Worldwide by 10.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 426,698 shares of the company's stock worth $97,095,000 after buying an additional 41,054 shares in the last quarter. Finally, CenterBook Partners LP acquired a new stake in shares of Hilton Worldwide during the first quarter worth approximately $374,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Up 0.6%

Shares of NYSE HLT opened at $262.47 on Monday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $279.46. The firm's 50-day simple moving average is $262.60 and its 200 day simple moving average is $248.25. The stock has a market cap of $61.73 billion, a P/E ratio of 40.32, a P/E/G ratio of 2.58 and a beta of 1.26.

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

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 29th. Hilton Worldwide's payout ratio is currently 9.22%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Hilton Worldwide from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Morgan Stanley decreased their price target on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group reissued a "neutral" rating and set a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Hilton Worldwide has an average rating of "Moderate Buy" and a consensus price target of $264.40.

Hilton Worldwide 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.

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