Wealth Enhancement Advisory Services LLC Cuts Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Wealth Enhancement Advisory Services LLC decreased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 67.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,921 shares of the company’s stock after selling 26,219 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Hilton Worldwide were worth $2,940,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HLT. Sigma Planning Corp raised its stake in Hilton Worldwide by 12.3% during the fourth quarter. Sigma Planning Corp now owns 1,374 shares of the company’s stock valued at $340,000 after buying an additional 150 shares during the last quarter. IFP Advisors Inc raised its stake in Hilton Worldwide by 30.1% during the fourth quarter. IFP Advisors Inc now owns 1,624 shares of the company’s stock valued at $401,000 after buying an additional 376 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Hilton Worldwide by 3.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 7,572 shares of the company’s stock valued at $1,871,000 after buying an additional 264 shares during the last quarter. Lake Street Advisors Group LLC raised its stake in Hilton Worldwide by 11.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,706 shares of the company’s stock valued at $422,000 after buying an additional 169 shares during the last quarter. Finally, NewEdge Wealth LLC raised its stake in Hilton Worldwide by 16.8% during the fourth quarter. NewEdge Wealth LLC now owns 7,120 shares of the company’s stock valued at $1,760,000 after buying an additional 1,023 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley lowered their price objective on Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Macquarie reduced their target price on Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Jefferies Financial Group raised Hilton Worldwide from a “hold” rating to a “buy” rating and lifted their target price for the stock from $228.00 to $296.00 in a report on Monday, May 12th. Barclays reduced their target price on Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Finally, Truist Financial reduced their target price on Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.06.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $265.87 on Friday. The stock has a 50-day simple moving average of $244.31 and a two-hundred day simple moving average of $243.64. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $275.22. The firm has a market capitalization of $63.20 billion, a PE ratio of 41.94, a P/E/G ratio of 2.91 and a beta of 1.24.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 49.50% and a net margin of 13.90%. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. Hilton Worldwide’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, May 26th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide’s payout ratio is 9.46%.

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.