Empirical Financial Services LLC d.b.a. Empirical Wealth Management Raises Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,767 shares of the company’s stock after buying an additional 365 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Hilton Worldwide were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Drive Wealth Management LLC grew its stake in shares of Hilton Worldwide by 4.9% in the fourth quarter. Drive Wealth Management LLC now owns 1,399 shares of the company’s stock worth $255,000 after acquiring an additional 65 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of Hilton Worldwide by 2.3% during the 4th quarter. Raymond James Trust N.A. now owns 3,165 shares of the company’s stock valued at $576,000 after buying an additional 71 shares during the period. Prime Capital Investment Advisors LLC grew its holdings in shares of Hilton Worldwide by 0.6% in the third quarter. Prime Capital Investment Advisors LLC now owns 15,676 shares of the company’s stock worth $2,354,000 after acquiring an additional 92 shares during the period. DAVENPORT & Co LLC increased its position in Hilton Worldwide by 6.4% during the fourth quarter. DAVENPORT & Co LLC now owns 1,575 shares of the company’s stock valued at $287,000 after acquiring an additional 95 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in Hilton Worldwide by 21.5% in the third quarter. Allworth Financial LP now owns 542 shares of the company’s stock valued at $81,000 after acquiring an additional 96 shares during the period. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 1.5 %

Shares of HLT stock opened at $203.48 on Friday. The stock has a market cap of $50.88 billion, a P/E ratio of 44.23, a PEG ratio of 1.73 and a beta of 1.26. The company’s fifty day simple moving average is $205.42 and its two-hundred day simple moving average is $187.68. Hilton Worldwide Holdings Inc. has a 52 week low of $134.43 and a 52 week high of $215.79.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.51 billion. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.24 earnings per share. On average, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.08 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.29%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Analysts Set New Price Targets

Several research firms have recently commented on HLT. HSBC upped their price target on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Truist Financial upped their price objective on Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. BMO Capital Markets lifted their target price on Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a research report on Wednesday, March 20th. Finally, Mizuho reduced their price target on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide currently has an average rating of “Moderate Buy” and an average target price of $207.59.

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.