Focus Partners Wealth Lowers Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Focus Partners Wealth lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 88.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,032 shares of the company’s stock after selling 266,112 shares during the quarter. Focus Partners Wealth’s holdings in Hilton Worldwide were worth $8,446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in HLT. Noble Wealth Management PBC purchased a new stake in Hilton Worldwide in the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC purchased a new stake in Hilton Worldwide in the 4th quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Hilton Worldwide in the 4th quarter valued at approximately $34,000. Sierra Ocean LLC purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $36,000. Finally, Hopwood Financial Services Inc. purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

HLT has been the topic of several research analyst reports. Jefferies Financial Group raised Hilton Worldwide from a “hold” rating to a “buy” rating and boosted their price target for the stock from $228.00 to $296.00 in a research note on Monday. Robert W. Baird boosted their price target on Hilton Worldwide from $242.00 to $246.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Macquarie decreased their price target on Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Raymond James lifted their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company lifted their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $245.56.

Hilton Worldwide Stock Performance

Shares of HLT opened at $257.00 on Wednesday. The stock has a fifty day moving average of $225.48 and a two-hundred day moving average of $242.91. The company has a market capitalization of $61.09 billion, a PE ratio of 41.79, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a fifty-two week low of $194.93 and a fifty-two week high of $275.22.

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

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.