Park Avenue Securities LLC Purchases 421 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Park Avenue Securities LLC grew its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,060 shares of the company’s stock after acquiring an additional 421 shares during the period. Park Avenue Securities LLC’s holdings in Hilton Worldwide were worth $1,607,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HLT. Noble Wealth Management PBC bought a new position in Hilton Worldwide in the 4th quarter worth approximately $27,000. VSM Wealth Advisory LLC purchased a new stake in Hilton Worldwide in the 4th quarter worth approximately $28,000. Sierra Ocean LLC purchased a new stake in Hilton Worldwide in the 4th quarter worth approximately $36,000. Hopwood Financial Services Inc. purchased a new stake in shares of Hilton Worldwide during the 4th quarter valued at $41,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Hilton Worldwide during the 4th quarter valued at $44,000. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Performance

Shares of NYSE HLT opened at $253.79 on Wednesday. The firm has a market cap of $60.33 billion, a PE ratio of 41.27, a PEG ratio of 2.86 and a beta of 1.24. The firm has a fifty day moving average of $233.39 and a 200 day moving average of $243.68. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.11. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 earnings per share. On average, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HLT shares. Truist Financial reduced their target price on shares of Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Macquarie cut their price target on shares of Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. Jefferies Financial Group raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and raised their price target for the stock from $228.00 to $296.00 in a report on Monday, May 12th. Robert W. Baird raised their price target on shares of Hilton Worldwide from $242.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Finally, Susquehanna lifted their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Eleven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Hold” and an average target price of $245.56.

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.