Allworth Financial LP Grows Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Allworth Financial LP increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 33.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 722 shares of the company’s stock after buying an additional 180 shares during the quarter. Allworth Financial LP’s holdings in Hilton Worldwide were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HLT. Drive Wealth Management LLC lifted its stake in shares of Hilton Worldwide by 4.9% in the 4th quarter. Drive Wealth Management LLC now owns 1,399 shares of the company’s stock valued at $255,000 after purchasing an additional 65 shares in the last quarter. Raymond James Trust N.A. lifted its stake in shares of Hilton Worldwide by 2.3% in the 4th quarter. Raymond James Trust N.A. now owns 3,165 shares of the company’s stock valued at $576,000 after purchasing an additional 71 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in shares of Hilton Worldwide by 0.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 15,676 shares of the company’s stock valued at $2,354,000 after buying an additional 92 shares during the period. DAVENPORT & Co LLC raised its holdings in shares of Hilton Worldwide by 6.4% during the 4th quarter. DAVENPORT & Co LLC now owns 1,575 shares of the company’s stock valued at $287,000 after buying an additional 95 shares during the period. Finally, Advisory Services Network LLC raised its holdings in shares of Hilton Worldwide by 9.0% during the 1st quarter. Advisory Services Network LLC now owns 1,185 shares of the company’s stock valued at $167,000 after buying an additional 98 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Trading Down 2.7 %

Shares of HLT opened at $205.10 on Friday. The firm has a market cap of $51.55 billion, a price-to-earnings ratio of 47.37, a PEG ratio of 1.85 and a beta of 1.25. The stock has a 50 day moving average of $204.54 and a 200-day moving average of $181.31. Hilton Worldwide Holdings Inc. has a 52 week low of $134.43 and a 52 week high of $215.79.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the firm posted $1.59 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.29%. Hilton Worldwide’s dividend payout ratio is currently 13.86%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the transaction, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

HLT has been the topic of several analyst reports. BMO Capital Markets raised their target price on Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a report on Wednesday, March 20th. UBS Group raised their target price on Hilton Worldwide from $190.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Bank of America raised their target price on Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a report on Friday, March 15th. Robert W. Baird lifted their price objective on Hilton Worldwide from $210.00 to $212.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Finally, HSBC lifted their price objective on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $201.28.

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.