EFG Asset Management Americas Corp. Has $1.80 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

EFG Asset Management Americas Corp. lowered its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,924 shares of the company’s stock after selling 984 shares during the period. EFG Asset Management Americas Corp.’s holdings in Hilton Worldwide were worth $1,803,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Fiduciary Trust Co lifted its holdings in shares of Hilton Worldwide by 0.5% during the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company’s stock valued at $1,810,000 after acquiring an additional 38 shares during the period. Apollon Wealth Management LLC increased its position in shares of Hilton Worldwide by 2.9% during the 1st quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company’s stock worth $351,000 after purchasing an additional 44 shares in the last quarter. First Bank & Trust increased its position in shares of Hilton Worldwide by 0.5% during the 1st quarter. First Bank & Trust now owns 10,439 shares of the company’s stock worth $2,375,000 after purchasing an additional 48 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Hilton Worldwide by 6.1% during the 4th quarter. CoreCap Advisors LLC now owns 890 shares of the company’s stock worth $220,000 after purchasing an additional 51 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its position in shares of Hilton Worldwide by 5.8% during the 1st quarter. Catalyst Financial Partners LLC now owns 961 shares of the company’s stock worth $219,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 0.1%

HLT stock opened at $273.28 on Thursday. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.46. The company has a market cap of $64.27 billion, a P/E ratio of 41.98, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25. The business’s fifty day moving average is $260.62 and its 200-day moving average is $247.45.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.16. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $0.15 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.22%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Robert W. Baird increased their target price on shares of Hilton Worldwide from $276.00 to $278.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Evercore ISI dropped their target price on shares of Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating for the company in a research report on Wednesday, April 23rd. Barclays cut their price target on Hilton Worldwide from $296.00 to $291.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Jefferies Financial Group raised Hilton Worldwide from a “hold” rating to a “buy” rating and lifted their price target for the company from $228.00 to $296.00 in a report on Monday, May 12th. Finally, Raymond James Financial lifted their price target on Hilton Worldwide from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide presently has an average rating of “Moderate Buy” and an average price target of $259.19.

Hilton Worldwide Company 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.