First Trust Advisors LP Increases Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Posted by Defense World Staff on May 23rd, 2023

First Trust Advisors LP boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) by 1,225.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,369 shares of the company’s stock after acquiring an additional 107,589 shares during the period. First Trust Advisors LP’s holdings in Hilton Worldwide were worth $14,704,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new stake in Hilton Worldwide during the 4th quarter valued at about $208,000. Jennison Associates LLC grew its stake in shares of Hilton Worldwide by 7.9% in the 4th quarter. Jennison Associates LLC now owns 332,463 shares of the company’s stock valued at $42,010,000 after buying an additional 24,213 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Hilton Worldwide by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 846,261 shares of the company’s stock valued at $106,929,000 after buying an additional 18,086 shares during the period. Aviva PLC grew its stake in shares of Hilton Worldwide by 26.0% in the 4th quarter. Aviva PLC now owns 169,632 shares of the company’s stock valued at $21,435,000 after buying an additional 35,055 shares during the period. Finally, HBK Sorce Advisory LLC purchased a new stake in shares of Hilton Worldwide in the 4th quarter valued at approximately $266,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Insider Activity

In other news, Director Douglas M. Steenland acquired 695 shares of Hilton Worldwide stock in a transaction dated Monday, May 22nd. The shares were acquired at an average cost of $143.73 per share, for a total transaction of $99,892.35. Following the acquisition, the director now owns 26,194 shares of the company’s stock, valued at $3,764,863.62. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

Hilton Worldwide Stock Down 0.4 %

Hilton Worldwide stock opened at $143.55 on Tuesday. The firm has a market cap of $37.99 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 0.64 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 52-week low of $108.41 and a 52-week high of $152.89. The company’s 50 day moving average is $141.61 and its two-hundred day moving average is $139.60.

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

Hilton Worldwide Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, May 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.42%. Hilton Worldwide’s payout ratio is 13.16%.

Analyst Ratings Changes

HLT has been the subject of several analyst reports. BMO Capital Markets increased their price target on shares of Hilton Worldwide from $145.00 to $150.00 and gave the company a “market perform” rating in a research note on Friday, February 10th. Raymond James increased their price target on shares of Hilton Worldwide from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, February 13th. Robert W. Baird increased their price target on shares of Hilton Worldwide from $158.00 to $159.00 and gave the company an “outperform” rating in a research note on Monday, February 27th. TD Cowen increased their price objective on shares of Hilton Worldwide from $140.00 to $142.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 28th. Finally, Truist Financial increased their price objective on shares of Hilton Worldwide from $160.00 to $165.00 in a research report on Thursday, April 27th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $152.81.

About Hilton Worldwide

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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.