International Assets Investment Management LLC Has $439,000 Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

International Assets Investment Management LLC grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 23.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,011 shares of the company’s stock after purchasing an additional 376 shares during the quarter. International Assets Investment Management LLC’s holdings in Hilton Worldwide were worth $439,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. EdgeRock Capital LLC bought a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $25,000. Independence Bank of Kentucky raised its position in Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in Hilton Worldwide in the fourth quarter valued at about $28,000. Raleigh Capital Management Inc. boosted its stake in shares of Hilton Worldwide by 48.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after purchasing an additional 56 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Hilton Worldwide during the first quarter worth $34,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Barclays reduced their price target on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Truist Financial lowered their target price on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Susquehanna began coverage on Hilton Worldwide in a report on Friday, June 21st. They issued a “neutral” rating and a $215.00 target price on the stock. Finally, Robert W. Baird cut their price target on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Hold” and a consensus target price of $212.22.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock opened at $219.60 on Friday. The company’s 50 day moving average price is $214.53 and its 200-day moving average price is $207.95. The stock has a market capitalization of $54.91 billion, a price-to-earnings ratio of 47.74, a P/E/G ratio of 1.84 and a beta of 1.31. 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 issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.63 EPS. As a group, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

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.