Tidal Investments LLC Sells 229 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Tidal Investments LLC lessened its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,101 shares of the company’s stock after selling 229 shares during the quarter. Tidal Investments LLC’s holdings in Hilton Worldwide were worth $4,721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Noble Wealth Management PBC purchased a new position in shares of Hilton Worldwide in the fourth quarter worth about $27,000. VSM Wealth Advisory LLC bought a new stake in Hilton Worldwide in the fourth quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Hilton Worldwide during the fourth quarter valued at approximately $34,000. Sierra Ocean LLC bought a new position in shares of Hilton Worldwide in the fourth quarter worth approximately $36,000. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Hilton Worldwide in the fourth quarter worth $41,000. 95.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HLT has been the subject of several analyst reports. Jefferies Financial Group raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and increased their price target for the company from $228.00 to $296.00 in a research report on Monday, May 12th. Macquarie lowered their price objective on shares of Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Evercore ISI dropped their target price on shares of Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company boosted their price target on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Finally, Dbs Bank raised Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 14th. Eleven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $245.56.

Hilton Worldwide Trading Down 1.3%

HLT opened at $253.12 on Wednesday. The company has a market cap of $60.17 billion, a price-to-earnings ratio of 41.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The stock has a fifty day simple moving average of $227.52 and a two-hundred day simple moving average of $243.50. Hilton Worldwide Holdings Inc. has a 12-month low of $194.93 and a 12-month high of $275.22.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the company posted $1.53 EPS. Hilton Worldwide’s revenue was up 4.7% on a year-over-year basis. On average, analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, May 26th will be paid a dividend of $0.15 per share. This represents a yield of 0.23%. The ex-dividend date of this dividend is Friday, May 23rd. Hilton Worldwide’s payout ratio is 9.46%.

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.