Balentine LLC Purchases 126 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Balentine LLC increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,439 shares of the company’s stock after acquiring an additional 126 shares during the period. Balentine LLC’s holdings in Hilton Worldwide were worth $444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chase Investment Counsel Corp acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at about $2,480,000. Savoir Faire Capital Management L.P. acquired a new position in Hilton Worldwide during the 3rd quarter worth approximately $4,270,000. International Assets Investment Management LLC raised its stake in Hilton Worldwide by 19,454.9% during the 4th quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock worth $53,981,000 after buying an additional 294,937 shares during the period. Syon Capital LLC acquired a new position in Hilton Worldwide during the 4th quarter worth approximately $447,000. Finally, Jennison Associates LLC raised its stake in Hilton Worldwide by 11.5% during the 4th quarter. Jennison Associates LLC now owns 298,024 shares of the company’s stock worth $54,267,000 after buying an additional 30,676 shares during the period. Institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

HLT has been the topic of a number of research reports. Robert W. Baird upped their price target on Hilton Worldwide from $212.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Mizuho dropped their price target on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Barclays upped their price target on Hilton Worldwide from $216.00 to $219.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Finally, Evercore ISI boosted their price objective on Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a report on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $207.59.

Hilton Worldwide Stock Up 0.1 %

HLT stock opened at $205.80 on Wednesday. The firm has a market cap of $51.46 billion, a PE ratio of 44.74, a P/E/G ratio of 1.79 and a beta of 1.26. The business has a 50 day moving average of $205.58 and a 200-day moving average of $191.39. Hilton Worldwide Holdings Inc. has a 12-month low of $134.43 and a 12-month high of $215.79.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior year, the company earned $1.24 earnings per share. Hilton Worldwide’s revenue was up 12.2% compared to the same quarter last year. On average, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.09 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

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.