Cascade Investment Advisors Inc. Has $2.12 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Cascade Investment Advisors Inc. lowered its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,913 shares of the company’s stock after selling 76 shares during the period. Hilton Worldwide comprises 1.4% of Cascade Investment Advisors Inc.’s portfolio, making the stock its 16th largest holding. Cascade Investment Advisors Inc.’s holdings in Hilton Worldwide were worth $2,115,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Independence Bank of Kentucky grew its holdings in shares of Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. EdgeRock Capital LLC bought a new stake in shares of Hilton Worldwide in the 4th quarter worth about $25,000. Activest Wealth Management bought a new stake in shares of Hilton Worldwide in the 4th quarter worth about $26,000. Frazier Financial Advisors LLC bought a new stake in shares of Hilton Worldwide in the 4th quarter worth about $28,000. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Hilton Worldwide in the 1st quarter worth about $34,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Trading Down 2.2 %

Shares of NYSE:HLT traded down $4.40 during mid-day trading on Thursday, reaching $200.03. The stock had a trading volume of 1,687,268 shares, compared to its average volume of 1,526,319. The firm has a 50 day simple moving average of $205.36 and a two-hundred day simple moving average of $191.54. Hilton Worldwide Holdings Inc. has a twelve month low of $134.43 and a twelve month high of $215.79. The firm has a market cap of $50.02 billion, a PE ratio of 43.48, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the business earned $1.24 EPS. Hilton Worldwide’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.09 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently weighed in on HLT. Bank of America upped their target price on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. BMO Capital Markets increased their price objective on shares of Hilton Worldwide from $203.00 to $215.00 and gave the stock a “market perform” rating in a report on Wednesday, March 20th. Macquarie reissued a “neutral” rating and set a $192.00 price objective on shares of Hilton Worldwide in a report on Wednesday, April 24th. Finally, Truist Financial increased their price objective on shares of Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.59.

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.