MQS Management LLC Buys 2,645 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

MQS Management LLC boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 249.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,706 shares of the company’s stock after purchasing an additional 2,645 shares during the period. Hilton Worldwide comprises 0.5% of MQS Management LLC’s portfolio, making the stock its 29th largest holding. MQS Management LLC’s holdings in Hilton Worldwide were worth $843,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Hilton Worldwide in the fourth quarter worth approximately $694,787,000. GAMMA Investing LLC raised its position in Hilton Worldwide by 23,543.6% in the first quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company’s stock worth $2,397,370,000 after acquiring an additional 1,049,101 shares during the period. JPMorgan Chase & Co. raised its position in Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock worth $1,952,314,000 after acquiring an additional 919,424 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Hilton Worldwide by 26.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company’s stock valued at $806,999,000 after purchasing an additional 685,023 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Hilton Worldwide by 426.9% during the 4th quarter. Marshall Wace LLP now owns 762,261 shares of the company’s stock valued at $188,400,000 after purchasing an additional 617,604 shares during the period. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 0.0%

Shares of NYSE:HLT opened at $277.52 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $277.86. The stock has a market capitalization of $65.97 billion, a P/E ratio of 43.77, a PEG ratio of 3.13 and a beta of 1.25. The firm has a fifty day simple moving average of $254.41 and a two-hundred day simple moving average of $245.04.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The business 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. The business’s revenue was up 4.7% on a year-over-year basis. On average, analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, June 27th. Investors of record on Monday, May 26th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide’s dividend payout ratio is presently 9.46%.

Analyst Upgrades and Downgrades

HLT has been the topic of several recent analyst reports. Truist Financial decreased their price objective on shares of Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley decreased their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird raised their price objective on shares of Hilton Worldwide from $242.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Evercore ISI decreased their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 23rd. Finally, Dbs Bank upgraded shares of Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 14th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide presently has an average 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.