Signature Estate & Investment Advisors LLC Takes $434,000 Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Signature Estate & Investment Advisors LLC acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,987 shares of the company’s stock, valued at approximately $434,000.

Other hedge funds also recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new stake in shares of Hilton Worldwide during the fourth quarter valued at approximately $25,000. Independence Bank of Kentucky boosted its holdings in Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 50 shares during the period. Frazier Financial Advisors LLC acquired a new position in Hilton Worldwide in the fourth quarter worth $28,000. Raleigh Capital Management Inc. boosted its holdings in Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after purchasing an additional 56 shares during the period. Finally, Pinnacle Bancorp Inc. acquired a new position in Hilton Worldwide in the first quarter worth $34,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

NYSE HLT opened at $218.34 on Wednesday. The firm has a market capitalization of $54.60 billion, a price-to-earnings ratio of 47.47, a P/E/G ratio of 1.84 and a beta of 1.31. The company’s fifty day moving average is $214.47 and its two-hundred day moving average is $207.63. Hilton Worldwide Holdings Inc. has a 52-week low of $146.00 and a 52-week high of $229.03.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $1.63 EPS. As a group, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HLT. Susquehanna began coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They set a “neutral” rating and a $215.00 price target for the company. Truist Financial dropped their price target on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Bank of America lifted their target price on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Hilton Worldwide has a consensus rating of “Hold” and an average price target of $212.22.

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.