Alpine Bank Wealth Management Invests $76,000 in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Alpine Bank Wealth Management purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 333 shares of the company’s stock, valued at approximately $76,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Hilton Worldwide by 13.2% during the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock valued at $1,952,314,000 after buying an additional 919,424 shares in the last quarter. Capital International Investors boosted its position in shares of Hilton Worldwide by 2.0% in the fourth quarter. Capital International Investors now owns 7,225,495 shares of the company’s stock valued at $1,786,151,000 after acquiring an additional 142,620 shares during the period. Geode Capital Management LLC grew its stake in Hilton Worldwide by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company’s stock valued at $1,456,893,000 after acquiring an additional 67,292 shares in the last quarter. Franklin Resources Inc. increased its holdings in Hilton Worldwide by 7.8% during the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company’s stock worth $1,090,346,000 after acquiring an additional 320,550 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Hilton Worldwide by 26.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company’s stock worth $806,999,000 after purchasing an additional 685,023 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HLT. Dbs Bank upgraded shares of Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. began coverage on Hilton Worldwide in a research note on Monday. They set an “overweight” rating and a $282.00 price objective for the company. Jefferies Financial Group upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and upped their target price for the stock from $228.00 to $296.00 in a research note on Monday, May 12th. Truist Financial lowered their price target on Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $249.06.

Hilton Worldwide Price Performance

Shares of HLT opened at $253.80 on Thursday. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $275.22. The stock has a 50 day simple moving average of $242.25 and a two-hundred day simple moving average of $243.50. The firm has a market cap of $60.33 billion, a P/E ratio of 40.03, a P/E/G ratio of 2.89 and a beta of 1.24.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data 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. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 EPS. On average, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

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

Hilton Worldwide Profile

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.