1,624 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Acquired by Moors & Cabot Inc.

Posted by Defense World Staff on May 22nd, 2023

Moors & Cabot Inc. acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,624 shares of the company’s stock, valued at approximately $253,000.

A number of other institutional investors have also recently added to or reduced their stakes in HLT. Cetera Advisor Networks LLC lifted its position in Hilton Worldwide by 7.9% during the first quarter. Cetera Advisor Networks LLC now owns 1,473 shares of the company’s stock worth $224,000 after buying an additional 108 shares in the last quarter. D.A. Davidson & CO. raised its position in Hilton Worldwide by 8.0% in the first quarter. D.A. Davidson & CO. now owns 1,499 shares of the company’s stock valued at $227,000 after purchasing an additional 111 shares during the period. Raymond James Trust N.A. raised its position in Hilton Worldwide by 22.9% in the first quarter. Raymond James Trust N.A. now owns 3,422 shares of the company’s stock valued at $519,000 after purchasing an additional 637 shares during the period. Synovus Financial Corp raised its position in Hilton Worldwide by 8.6% in the first quarter. Synovus Financial Corp now owns 6,148 shares of the company’s stock valued at $932,000 after purchasing an additional 487 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Hilton Worldwide in the first quarter valued at $91,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $144.18 on Monday. The stock has a 50-day simple moving average of $141.49 and a 200-day simple moving average of $139.50. The stock has a market cap of $38.15 billion, a P/E ratio of 31.62, a P/E/G ratio of 0.64 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 1 year low of $108.41 and a 1 year high of $152.89.

Hilton Worldwide (NYSE:HLT – Get Rating) last posted its earnings results on Wednesday, April 26th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.10. Hilton Worldwide had a negative return on equity of 141.34% and a net margin of 13.36%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the business earned $0.71 EPS. The business’s quarterly revenue was up 33.2% on a year-over-year basis. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 5.86 EPS for the current year.

Hilton Worldwide Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on HLT. Argus reduced their target price on Hilton Worldwide from $170.00 to $162.00 in a research report on Thursday, April 27th. 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 report on Monday, February 13th. Robert W. Baird lifted their price objective on Hilton Worldwide from $158.00 to $159.00 and gave the company an “outperform” rating in a research note on Monday, February 27th. Wells Fargo & Company dropped their price objective on Hilton Worldwide from $154.00 to $144.00 and set an “equal weight” rating for the company in a research note on Thursday, March 30th. Finally, Truist Financial lifted their price objective on Hilton Worldwide from $160.00 to $165.00 in a research note on Thursday, April 27th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.