Artemis Investment Management LLP Raises Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Artemis Investment Management LLP lifted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 163,281 shares of the company’s stock after buying an additional 6,146 shares during the quarter. Artemis Investment Management LLP’s holdings in Hilton Worldwide were worth $37,155,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Noble Wealth Management PBC acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $27,000. VSM Wealth Advisory LLC acquired a new stake in Hilton Worldwide in the 4th quarter worth about $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Hilton Worldwide during the 4th quarter worth about $41,000. ORG Partners LLC lifted its holdings in shares of Hilton Worldwide by 78.7% during the 1st quarter. ORG Partners LLC now owns 168 shares of the company’s stock worth $38,000 after acquiring an additional 74 shares during the period. Finally, Beacon Capital Management LLC grew 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 valued at $40,000 after purchasing an additional 76 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $257.91 on Friday. The stock has a market cap of $61.30 billion, a price-to-earnings ratio of 40.68, a price-to-earnings-growth ratio of 2.87 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $275.22. The business’s 50-day simple moving average is $243.20 and its 200 day simple moving average is $243.55.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results 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. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the company posted $1.53 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HLT shares. Morgan Stanley cut their price target on shares of Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Macquarie cut their target price on Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Truist Financial lowered their price target on Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. The Goldman Sachs Group restated a “neutral” rating and set a $235.00 price target (down from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. initiated coverage on Hilton Worldwide in a research note on Monday. They issued an “overweight” rating and a $282.00 price objective on the stock. Ten 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $249.06.

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.