Parallel Advisors LLC Decreases Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Parallel Advisors LLC cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,527 shares of the company’s stock after selling 83 shares during the period. Parallel Advisors LLC’s holdings in Hilton Worldwide were worth $460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HLT. EdgeRock Capital LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter worth $25,000. Activest Wealth Management bought a new position in shares of Hilton Worldwide during the 4th quarter valued at approximately $26,000. Frazier Financial Advisors LLC bought a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $28,000. McGlone Suttner Wealth Management Inc. purchased a new position in Hilton Worldwide in the fourth quarter valued at approximately $37,000. Finally, Anchor Investment Management LLC bought a new position in Hilton Worldwide during the fourth quarter valued at $46,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Hilton Worldwide from $203.00 to $215.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 20th. HSBC increased their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Mizuho dropped their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. TD Cowen lifted their price objective on shares of Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Finally, Evercore ISI increased their target price on Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research report on Wednesday, March 20th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Hilton Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $207.59.

Get Our Latest Stock Report on HLT

Hilton Worldwide Trading Up 2.1 %

HLT stock opened at $200.61 on Friday. Hilton Worldwide Holdings Inc. has a 1-year low of $134.43 and a 1-year high of $215.79. The stock has a market cap of $50.16 billion, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 1.72 and a beta of 1.26. The company’s 50 day moving average is $204.33 and its 200 day moving average is $193.25.

Hilton Worldwide (NYSE:HLTGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter last year, the company posted $1.24 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.09 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, May 16th. Hilton Worldwide’s payout ratio is currently 13.04%.

Insider Activity

In other news, Director Melanie Healey bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the transaction, the director now directly owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company’s stock.

About Hilton Worldwide

(Free Report)

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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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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