UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

by · The Cerbat Gem

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,321,767 shares of the company’s stock after selling 30,476 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.54% of Hilton Worldwide worth $326,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLT. Fiduciary Trust Co lifted its holdings in Hilton Worldwide by 0.5% during the 4th quarter. Fiduciary Trust Co now owns 7,323 shares of the company’s stock worth $1,810,000 after buying an additional 38 shares in the last quarter. Palumbo Wealth Management LLC increased its position in Hilton Worldwide by 2.0% during the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock worth $528,000 after buying an additional 41 shares during the period. Concurrent Investment Advisors LLC boosted its stake in Hilton Worldwide by 1.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock worth $799,000 after purchasing an additional 43 shares during the period. Arkadios Wealth Advisors raised its stake in Hilton Worldwide by 2.8% during the 4th quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company’s stock valued at $444,000 after acquiring an additional 49 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its holdings in shares of Hilton Worldwide by 3.7% in the fourth quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company’s stock valued at $351,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

HLT has been the subject of several recent analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $235.00 price target (down from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Dbs Bank upgraded shares of Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 14th. Mizuho restated a “neutral” rating and issued a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Susquehanna lifted their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating and lifted their price target for the stock from $228.00 to $296.00 in a report on Monday, May 12th. Eleven research 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $245.56.

Get Our Latest Research Report on Hilton Worldwide

Hilton Worldwide Stock Down 2.5%

Shares of HLT stock opened at $246.96 on Thursday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $194.93 and a fifty-two week high of $275.22. The firm’s 50 day moving average price is $227.87 and its two-hundred day moving average price is $243.52. The stock has a market cap of $58.70 billion, a price-to-earnings ratio of 40.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT – Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, topping 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 firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the company earned $1.53 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, May 26th will be paid 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 (DPR) is currently 9.46%.

Hilton Worldwide Profile

(Free Report)

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.

Further Reading

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