Premier Path Wealth Partners LLC Has $570,000 Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Premier Path Wealth Partners LLC reduced its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,504 shares of the company’s stock after selling 65 shares during the period. Premier Path Wealth Partners LLC’s holdings in Hilton Worldwide were worth $570,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HLT. Noble Wealth Management PBC acquired a new stake in Hilton Worldwide in the fourth quarter worth $27,000. VSM Wealth Advisory LLC acquired a new stake in Hilton Worldwide in the fourth quarter worth $28,000. Beacon Capital Management LLC raised its holdings in Hilton Worldwide by 76.0% in the first quarter. Beacon Capital Management LLC now owns 176 shares of the company’s stock worth $40,000 after purchasing an additional 76 shares during the period. Hopwood Financial Services Inc. acquired a new stake in Hilton Worldwide in the fourth quarter worth $41,000. Finally, OFI Invest Asset Management acquired a new stake in Hilton Worldwide in the fourth quarter worth $44,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HLT. Susquehanna increased their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Evercore ISI cut their target price on shares of Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating on the stock in a report on Wednesday, April 23rd. Barclays lowered their price objective on shares of Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Truist Financial lowered their price objective on shares of Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and increased their price objective for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Eleven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $245.56.

Hilton Worldwide Trading Up 0.3%

Hilton Worldwide stock opened at $247.61 on Friday. The company has a market cap of $58.86 billion, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 2.80 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $275.22. The company has a fifty day simple moving average of $238.91 and a 200 day simple moving average of $243.55.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.53 earnings per share. On average, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, May 26th will be given a $0.15 dividend. 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 presently 9.46%.

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.