Moors & Cabot Inc. Invests $253,000 in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Posted by Defense World Staff on May 5th, 2023

Moors & Cabot Inc. acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,624 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Natixis Advisors L.P. boosted its position in shares of Hilton Worldwide by 12.1% during the 4th quarter. Natixis Advisors L.P. now owns 162,035 shares of the company’s stock worth $20,475,000 after acquiring an additional 17,480 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Hilton Worldwide by 5.9% in the 3rd quarter. Jennison Associates LLC now owns 308,250 shares of the company’s stock valued at $37,181,000 after purchasing an additional 17,049 shares during the period. Fred Alger Management LLC boosted its position in shares of Hilton Worldwide by 229.8% in the 3rd quarter. Fred Alger Management LLC now owns 50,403 shares of the company’s stock valued at $6,080,000 after purchasing an additional 35,121 shares during the period. IFP Advisors Inc boosted its position in shares of Hilton Worldwide by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 5,083 shares of the company’s stock valued at $524,000 after purchasing an additional 3,549 shares during the period. Finally, Prudential PLC boosted its position in shares of Hilton Worldwide by 9.4% in the 3rd quarter. Prudential PLC now owns 4,280 shares of the company’s stock valued at $516,000 after purchasing an additional 369 shares during the period. 95.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Kristin Ann Campbell sold 32,863 shares of Hilton Worldwide stock in a transaction on Friday, February 10th. The stock was sold at an average price of $150.93, for a total value of $4,960,012.59. Following the completion of the sale, the insider now owns 221,037 shares of the company’s stock, valued at $33,361,114.41. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

Hilton Worldwide Stock Down 2.1 %

NYSE HLT opened at $142.62 on Friday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $108.41 and a fifty-two week high of $153.14. The stock has a market cap of $37.74 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 0.65 and a beta of 1.23. The business has a fifty day moving average of $141.84 and a 200-day moving average of $138.38.

Hilton Worldwide (NYSE:HLT – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.10. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Hilton Worldwide had a negative return on equity of 141.34% and a net margin of 13.36%. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. As a group, analysts anticipate that Hilton Worldwide Holdings Inc. will post 5.85 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, May 19th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Thursday, May 18th. Hilton Worldwide’s dividend payout ratio is currently 13.16%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HLT shares. Robert W. Baird increased their price objective on Hilton Worldwide from $158.00 to $159.00 and gave the stock an “outperform” rating in a research report on Monday, February 27th. Morgan Stanley lowered their target price on Hilton Worldwide from $171.00 to $167.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 7th. BMO Capital Markets lifted their target price on Hilton Worldwide from $145.00 to $150.00 and gave the company a “market perform” rating in a research note on Friday, February 10th. StockNews.com downgraded Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Raymond James lifted their target price on Hilton Worldwide from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, February 13th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $152.81.

Hilton Worldwide Company Profile

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Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management and Franchise segment operates hotels of third-party owners.