Carmel Capital Partners LLC Has $1.39 Million Stock Holdings in Hilton Worldwide Holdings Inc. $HLT

Carmel Capital Partners LLC decreased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 26.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,342 shares of the company’s stock after selling 1,883 shares during the period. Carmel Capital Partners LLC’s holdings in Hilton Worldwide were worth $1,386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GLOBALT Investments LLC GA lifted its position in shares of Hilton Worldwide by 1.2% during the third quarter. GLOBALT Investments LLC GA now owns 3,277 shares of the company’s stock worth $850,000 after purchasing an additional 38 shares in the last quarter. Benjamin Edwards Inc. raised its position in Hilton Worldwide by 1.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock worth $680,000 after purchasing an additional 39 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its holdings in Hilton Worldwide by 2.8% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 1,447 shares of the company’s stock worth $385,000 after buying an additional 40 shares in the last quarter. State of Wyoming boosted its position in Hilton Worldwide by 2.7% in the 2nd quarter. State of Wyoming now owns 1,549 shares of the company’s stock valued at $413,000 after buying an additional 40 shares during the last quarter. Finally, Sage Rhino Capital LLC increased its stake in shares of Hilton Worldwide by 4.4% in the 2nd quarter. Sage Rhino Capital LLC now owns 963 shares of the company’s stock valued at $256,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on HLT. Macquarie raised their price target on Hilton Worldwide from $267.00 to $280.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Jefferies Financial Group raised their target price on shares of Hilton Worldwide from $322.00 to $339.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Evercore ISI lifted their price target on shares of Hilton Worldwide from $280.00 to $325.00 and gave the stock an “in-line” rating in a research report on Thursday. BMO Capital Markets increased their price objective on shares of Hilton Worldwide from $275.00 to $320.00 and gave the company a “market perform” rating in a report on Friday, January 9th. Finally, Susquehanna raised their price objective on shares of Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $296.06.

Hilton Worldwide Stock Performance

Shares of NYSE HLT opened at $295.87 on Friday. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $306.28. The stock has a market cap of $68.77 billion, a P/E ratio of 42.82, a P/E/G ratio of 2.52 and a beta of 1.15. The firm has a 50 day moving average price of $285.96 and a 200 day moving average price of $274.34.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. Hilton Worldwide had a net margin of 14.19% and a negative return on equity of 42.78%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period last year, the firm posted $1.92 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.