Tidal Investments LLC Decreases Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Tidal Investments LLC lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 19,101 shares of the company’s stock after selling 229 shares during the quarter. Tidal Investments LLC’s holdings in Hilton Worldwide were worth $4,721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HLT. JPMorgan Chase & Co. lifted its position in Hilton Worldwide by 13.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock valued at $1,952,314,000 after purchasing an additional 919,424 shares during the period. Capital International Investors raised its stake in Hilton Worldwide by 2.0% during the 4th quarter. Capital International Investors now owns 7,225,495 shares of the company’s stock valued at $1,786,151,000 after buying an additional 142,620 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hilton Worldwide by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company’s stock valued at $1,456,893,000 after buying an additional 67,292 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Hilton Worldwide by 7.8% during the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company’s stock valued at $1,090,346,000 after buying an additional 320,550 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Hilton Worldwide by 5.1% in the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company’s stock worth $840,164,000 after buying an additional 164,461 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Price Performance

Shares of NYSE HLT opened at $253.12 on Wednesday. The stock has a market cap of $60.17 billion, a PE ratio of 41.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 1 year low of $194.93 and a 1 year high of $275.22. The firm has a fifty day moving average price of $227.52 and a 200-day moving average price of $243.50.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the business posted $1.53 EPS. Hilton Worldwide’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Investors of record on Monday, May 26th will be issued a $0.15 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 0.23%. Hilton Worldwide’s dividend payout ratio is presently 9.46%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Susquehanna upped their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Truist Financial cut their price target on Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. Dbs Bank upgraded shares of Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 14th. The Goldman Sachs Group reissued a “neutral” rating and issued a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Finally, Wells Fargo & Company upped their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Eleven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $245.56.

Hilton Worldwide 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.