Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,380 shares of the company’s stock after buying an additional 117 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Hilton Worldwide were worth $2,134,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Noble Wealth Management PBC acquired a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $28,000. Sierra Ocean LLC acquired a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $36,000. Hopwood Financial Services Inc. acquired a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $41,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $44,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Stock Up 1.4%

HLT stock opened at $247.34 on Tuesday. The company has a market capitalization of $58.79 billion, a price-to-earnings ratio of 40.22, a P/E/G ratio of 2.86 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $275.22. The firm has a 50 day moving average of $237.02 and a two-hundred day moving average of $243.52.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) 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 the consensus estimate 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 quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 EPS. On average, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 27th. Investors of record on Monday, May 26th will be issued 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 is currently 9.46%.

Analyst Upgrades and Downgrades

HLT has been the topic of a number of research reports. Susquehanna boosted 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 dropped 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. Dbs Bank upgraded shares of Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 14th. Truist Financial dropped their target price on shares of Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Finally, Morgan Stanley dropped their target price on shares of Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Eleven research 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 stock. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and an average price target of $245.56.

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.