Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Graypoint LLC

Graypoint LLC boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,822 shares of the company’s stock after purchasing an additional 118 shares during the period. Graypoint LLC’s holdings in Hilton Worldwide were worth $398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new position in Hilton Worldwide in the 4th quarter valued at approximately $25,000. Independence Bank of Kentucky lifted its holdings in shares of Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 50 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Hilton Worldwide in the 4th quarter valued at approximately $28,000. Raleigh Capital Management Inc. lifted its stake in Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after acquiring an additional 56 shares during the last quarter. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Hilton Worldwide during the 1st quarter valued at $34,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Stock Up 0.9 %

NYSE:HLT opened at $219.64 on Monday. Hilton Worldwide Holdings Inc. has a 12-month low of $146.00 and a 12-month high of $229.03. The firm has a market capitalization of $54.13 billion, a P/E ratio of 47.75, a P/E/G ratio of 2.41 and a beta of 1.31. The stock’s fifty day simple moving average is $214.61 and its 200-day simple moving average is $208.37.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $1.63 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Friday, August 23rd. Hilton Worldwide’s payout ratio is currently 13.04%.

Analyst Upgrades and Downgrades

HLT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. increased their target price on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Barclays dropped their price target on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Truist Financial reduced their price target on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Finally, Robert W. Baird lowered their price target on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $212.22.

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.