NorthRock Partners LLC Buys 2,012 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

NorthRock Partners LLC raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 210.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,969 shares of the company's stock after buying an additional 2,012 shares during the quarter. NorthRock Partners LLC's holdings in Hilton Worldwide were worth $734,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Noble Wealth Management PBC purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth $27,000. VSM Wealth Advisory LLC bought a new stake in Hilton Worldwide during the fourth quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Hilton Worldwide during the fourth quarter worth about $34,000. Sierra Ocean LLC bought a new position in Hilton Worldwide in the 4th quarter worth about $36,000. Finally, Hopwood Financial Services Inc. purchased a new stake in shares of Hilton Worldwide in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Trading Down 1.5%

NYSE:HLT traded down $3.89 during mid-day trading on Wednesday, reaching $249.52. The company's stock had a trading volume of 482,425 shares, compared to its average volume of 1,758,412. The firm's fifty day moving average price is $227.52 and its two-hundred day moving average price is $243.50. Hilton Worldwide Holdings Inc. has a 12-month low of $194.93 and a 12-month high of $275.22. The stock has a market cap of $59.31 billion, a P/E ratio of 40.58, a PEG ratio of 2.86 and a beta of 1.23.

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

Hilton Worldwide Dividend Announcement

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

Analysts Set New Price Targets

HLT has been the topic of several research analyst reports. Barclays decreased their price objective on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Macquarie dropped their price objective on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Mizuho reissued a "neutral" rating and set a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Morgan Stanley decreased their price target on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Truist Financial cut their price objective on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Eleven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of "Hold" and an average price target of $245.56.

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.