SOA Wealth Advisors LLC. Invests $2.34 Million in Hilton Worldwide Holdings Inc. (NYSE:HLT)

SOA Wealth Advisors LLC. bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 1st quarter, Holdings Channel reports. The fund bought 10,286 shares of the company’s stock, valued at approximately $2,341,000.

Several other large investors have also added to or reduced their stakes in the business. Fiduciary Trust Co lifted its holdings in Hilton Worldwide by 0.5% during the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company’s stock worth $1,810,000 after acquiring an additional 38 shares during the period. Palumbo Wealth Management LLC raised its stake in shares of Hilton Worldwide by 2.0% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock valued at $528,000 after purchasing an additional 41 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of Hilton Worldwide by 1.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock valued at $799,000 after purchasing an additional 43 shares during the period. Angeles Wealth Management LLC raised its stake in shares of Hilton Worldwide by 3.7% during the 4th quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company’s stock valued at $351,000 after purchasing an additional 51 shares during the period. Finally, CoreCap Advisors LLC raised its stake in shares of Hilton Worldwide by 6.1% during the 4th quarter. CoreCap Advisors LLC now owns 890 shares of the company’s stock valued at $220,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Robert W. Baird upped their target price on Hilton Worldwide from $242.00 to $246.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. The Goldman Sachs Group restated a “neutral” rating and set a $235.00 target price (down from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Morgan Stanley dropped their target price on Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and increased their target price for the company from $228.00 to $296.00 in a report on Monday, May 12th. Finally, Truist Financial lowered their price target on Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Eleven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and a consensus price target of $245.56.

Hilton Worldwide Stock Up 1.9%

HLT stock opened at $253.22 on Friday. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $275.22. The firm has a market cap of $60.19 billion, a PE ratio of 41.17, a price-to-earnings-growth ratio of 2.86 and a beta of 1.24. The business has a 50 day moving average of $232.25 and a 200 day moving average of $243.67.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $1.53 EPS. On average, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, May 26th will be issued a $0.15 dividend. This represents a dividend yield of 0.23%. The ex-dividend date is Friday, May 23rd. Hilton Worldwide’s payout ratio is 9.46%.

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.