HB Wealth Management LLC Has $893,000 Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

HB Wealth Management LLC increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.3% during the second quarter, HoldingsChannel reports. The fund owned 4,093 shares of the company’s stock after buying an additional 417 shares during the period. HB Wealth Management LLC’s holdings in Hilton Worldwide were worth $893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Hilton Worldwide by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after acquiring an additional 761,104 shares in the last quarter. Putnam Investments LLC increased its holdings in Hilton Worldwide by 6.0% during the fourth quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock worth $696,680,000 after buying an additional 216,219 shares during the last quarter. Capital World Investors raised its holdings in shares of Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after purchasing an additional 1,246,662 shares during the period. Norges Bank bought a new position in Hilton Worldwide during the fourth quarter worth about $475,073,000. Finally, TD Asset Management Inc boosted its position in Hilton Worldwide by 2.8% during the first quarter. TD Asset Management Inc now owns 2,132,393 shares of the company’s stock worth $454,861,000 after purchasing an additional 57,895 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Macquarie increased their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Truist Financial dropped their target price on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Susquehanna began coverage on Hilton Worldwide in a research note on Friday, June 21st. They set a “neutral” rating and a $215.00 target price for the company. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Hold” and a consensus target price of $212.22.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock traded up $2.11 on Thursday, reaching $219.19. 259,707 shares of the company’s stock were exchanged, compared to its average volume of 1,576,368. Hilton Worldwide Holdings Inc. has a 52 week low of $146.00 and a 52 week high of $229.03. The firm’s 50-day moving average is $214.52 and its two-hundred day moving average is $207.82. The company has a market capitalization of $54.81 billion, a P/E ratio of 47.70, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the company posted $1.63 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. On average, analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders 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 dividend yield of 0.27%. The ex-dividend date is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

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.