Raymond James & Associates Has $61.88 Million Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Raymond James & Associates grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 290,108 shares of the company’s stock after acquiring an additional 17,710 shares during the quarter. Raymond James & Associates’ holdings in Hilton Worldwide were worth $61,883,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HLT. Chase Investment Counsel Corp acquired a new position in Hilton Worldwide during the 4th quarter worth approximately $2,480,000. Savoir Faire Capital Management L.P. bought a new position in shares of Hilton Worldwide in the 3rd quarter valued at $4,270,000. International Assets Investment Management LLC boosted its holdings in shares of Hilton Worldwide by 19,454.9% during the 4th quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock valued at $53,981,000 after acquiring an additional 294,937 shares in the last quarter. Syon Capital LLC bought a new stake in Hilton Worldwide during the 4th quarter worth $447,000. Finally, Jennison Associates LLC increased its holdings in Hilton Worldwide by 11.5% in the 4th quarter. Jennison Associates LLC now owns 298,024 shares of the company’s stock worth $54,267,000 after purchasing an additional 30,676 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HLT. HSBC boosted their price target on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Mizuho cut their target price on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft upped their price target on Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Evercore ISI raised their price objective on Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research report on Wednesday, March 20th. Finally, Wells Fargo & Company upped their target price on Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Hilton Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $207.59.

Hilton Worldwide Trading Up 0.0 %

NYSE HLT traded up $0.01 on Friday, hitting $197.54. 1,853,124 shares of the company were exchanged, compared to its average volume of 1,624,263. Hilton Worldwide Holdings Inc. has a 12 month low of $134.43 and a 12 month high of $215.79. The company has a market cap of $49.39 billion, a PE ratio of 42.94, a PEG ratio of 1.73 and a beta of 1.26. The stock has a fifty day moving average of $205.62 and a 200-day moving average of $186.41.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the business posted $1.24 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, analysts expect that Hilton Worldwide Holdings Inc. will post 7.08 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Thursday, May 16th. Hilton Worldwide’s payout ratio is 13.04%.

Insider Activity at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by insiders.

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.