Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 104.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,581 shares of the company’s stock after purchasing an additional 2,339 shares during the period. Golden State Wealth Management LLC’s holdings in Hilton Worldwide were worth $1,043,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Noble Wealth Management PBC purchased a new position in Hilton Worldwide in the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $41,000. ORG Partners LLC boosted its stake in shares of Hilton Worldwide by 78.7% in the first quarter. ORG Partners LLC now owns 168 shares of the company’s stock worth $38,000 after acquiring an additional 74 shares during the last quarter. Finally, Beacon Capital Management LLC increased its position in shares of Hilton Worldwide by 76.0% during the first quarter. Beacon Capital Management LLC now owns 176 shares of the company’s stock worth $40,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock opened at $253.80 on Thursday. The stock has a 50 day moving average of $242.25 and a 200 day moving average of $243.50. The firm has a market capitalization of $60.33 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 2.89 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.61 by $0.11. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a negative return on equity of 49.50% and a net margin of 13.90%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.53 EPS. Analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current 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 given a dividend of $0.15 per share. This represents a dividend yield of 0.23%. The ex-dividend date is Friday, May 23rd. Hilton Worldwide’s dividend payout ratio is presently 9.46%.

Analysts Set New Price Targets

A number of research analysts have weighed in on HLT shares. Dbs Bank upgraded Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 14th. 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 research note on Wednesday, April 30th. JPMorgan Chase & Co. began coverage on shares of Hilton Worldwide in a research note on Monday. They set an “overweight” rating and a $282.00 price objective for the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Finally, Evercore ISI lowered their target price on Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating on the stock in a report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $249.06.

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.