Colonial River Investments LLC Invests $388,000 in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Colonial River Investments LLC purchased a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 1,704 shares of the company’s stock, valued at approximately $388,000.

Several other institutional investors have also added to or reduced their stakes in HLT. Fiduciary Trust Co raised its holdings in shares of Hilton Worldwide by 0.5% during the 4th quarter. Fiduciary Trust Co now owns 7,323 shares of the company’s stock worth $1,810,000 after acquiring an additional 38 shares in the last quarter. CoreCap Advisors LLC lifted its position in Hilton Worldwide by 6.1% during the fourth 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. Lindbrook Capital LLC grew its stake in shares of Hilton Worldwide by 1.9% in the 4th quarter. Lindbrook Capital LLC now owns 3,017 shares of the company’s stock worth $746,000 after buying an additional 56 shares in the last quarter. Marcum Wealth LLC increased its holdings in shares of Hilton Worldwide by 5.8% in the 1st quarter. Marcum Wealth LLC now owns 1,063 shares of the company’s stock worth $242,000 after buying an additional 58 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its position in shares of Hilton Worldwide by 1.6% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,768 shares of the company’s stock valued at $931,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HLT shares. Robert W. Baird boosted their price objective on Hilton Worldwide from $242.00 to $246.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Jefferies Financial Group raised 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. Dbs Bank upgraded Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 14th. Barclays cut their price objective on shares of Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Finally, Morgan Stanley lowered their target price on shares of Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus price target of $249.06.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $265.87 on Friday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $275.22. The company has a market capitalization of $63.20 billion, a PE ratio of 41.94, a P/E/G ratio of 3.00 and a beta of 1.24. The company has a 50 day moving average price of $244.31 and a 200-day moving average price of $243.54.

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

Hilton Worldwide Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, May 26th were given a dividend of $0.15 per share. This represents a yield of 0.23%. The ex-dividend date was Friday, May 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is 9.46%.

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.