Castlekeep Investment Advisors LLC Purchases New Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Castlekeep Investment Advisors LLC acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 19,031 shares of the company’s stock, valued at approximately $4,704,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Trust Co raised its holdings in Hilton Worldwide by 0.5% during the 4th quarter. Fiduciary Trust Co now owns 7,323 shares of the company’s stock valued at $1,810,000 after buying an additional 38 shares during the period. Palumbo Wealth Management LLC raised its stake in shares of Hilton Worldwide by 2.0% in the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock valued at $528,000 after acquiring an additional 41 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in shares of Hilton Worldwide by 1.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock worth $799,000 after acquiring an additional 43 shares during the last quarter. Angeles Wealth Management LLC boosted its stake in shares of Hilton Worldwide by 3.7% during the 4th quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company’s stock worth $351,000 after purchasing an additional 51 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in Hilton Worldwide by 6.1% during the 4th quarter. CoreCap Advisors LLC now owns 890 shares of the company’s stock valued at $220,000 after purchasing an additional 51 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Performance

NYSE HLT opened at $244.92 on Friday. Hilton Worldwide Holdings Inc. has a one year low of $194.93 and a one year high of $275.22. The company has a market capitalization of $58.22 billion, a price-to-earnings ratio of 39.82, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The company’s 50-day simple moving average is $228.47 and its two-hundred day simple moving average is $243.68.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.11. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Hilton Worldwide’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $1.53 earnings per share. Equities analysts expect 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 disclosed a dividend, which will be paid on Friday, June 27th. Investors of record on Monday, May 26th will be paid a dividend of $0.15 per share. This represents a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, May 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.46%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Jefferies Financial Group upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and boosted their target price for the company from $228.00 to $296.00 in a research report on Monday, May 12th. Wells Fargo & Company boosted their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Mizuho reiterated a “neutral” rating and issued a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Susquehanna boosted their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, Barclays cut their price target on shares of Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Eleven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $245.56.

About Hilton Worldwide

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.