Kings Path Partners LLC Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Kings Path Partners LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the second quarter, Holdings Channel.com reports. The firm acquired 205 shares of the company’s stock, valued at approximately $45,000.

Several other large investors have also made changes to their positions in HLT. EdgeRock Capital LLC acquired a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $25,000. Independence Bank of Kentucky boosted its holdings in Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in Hilton Worldwide during the 4th quarter worth approximately $28,000. Raleigh Capital Management Inc. raised its holdings in shares of Hilton Worldwide by 48.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after acquiring an additional 56 shares during the last quarter. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of Hilton Worldwide in the first quarter valued at approximately $34,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Stock Up 0.9 %

HLT opened at $219.60 on Friday. The firm has a market cap of $54.91 billion, a P/E ratio of 47.74, a P/E/G ratio of 1.84 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 52 week low of $146.00 and a 52 week high of $229.03. The business has a fifty day simple moving average of $214.53 and a 200-day simple moving average of $207.95.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 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, September 27th. Investors of record on Friday, August 23rd will be issued a $0.15 dividend. The ex-dividend date is Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Analyst Ratings Changes

HLT has been the subject of several recent research reports. Macquarie increased their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Bank of America raised their price target on shares of Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Robert W. Baird cut their price objective on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. upped their price target on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Hilton Worldwide has a consensus rating of “Hold” and an average target price of $212.22.

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.