Raymond James Financial Services Advisors Inc. Has $2.48 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Raymond James Financial Services Advisors Inc. lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) by 6.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 19,597 shares of the company’s stock after selling 1,366 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Hilton Worldwide were worth $2,477,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Banco BTG Pactual S.A. acquired a new position in Hilton Worldwide in the fourth quarter worth about $202,000. Machina Capital S.A.S. acquired a new position in Hilton Worldwide in the fourth quarter worth about $648,000. UBS Group AG raised its position in Hilton Worldwide by 65.6% in the fourth quarter. UBS Group AG now owns 349,532 shares of the company’s stock worth $44,167,000 after purchasing an additional 138,501 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in Hilton Worldwide by 5.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 1,769 shares of the company’s stock worth $224,000 after purchasing an additional 99 shares in the last quarter. Finally, Prospera Financial Services Inc acquired a new position in Hilton Worldwide in the fourth quarter worth about $383,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Hilton Worldwide from $145.00 to $150.00 and gave the stock a “market perform” rating in a research report on Friday, February 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hilton Worldwide from $137.00 to $142.00 in a report on Thursday, April 27th. StockNews.com assumed coverage on shares of Hilton Worldwide in a report on Thursday, May 18th. They set a “hold” rating for the company. Argus dropped their price objective on shares of Hilton Worldwide from $170.00 to $162.00 in a report on Thursday, April 27th. Finally, Morgan Stanley dropped their price objective on shares of Hilton Worldwide from $171.00 to $167.00 and set an “overweight” rating for the company in a report on Tuesday, February 7th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $152.81.

Insider Activity

In other news, Director Douglas M. Steenland purchased 695 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was bought at an average price of $143.73 per share, with a total value of $99,892.35. Following the acquisition, the director now directly owns 26,194 shares of the company’s stock, valued at $3,764,863.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by company insiders.

Hilton Worldwide Stock Performance

HLT opened at $137.71 on Wednesday. The company has a fifty day moving average price of $141.58 and a two-hundred day moving average price of $139.66. Hilton Worldwide Holdings Inc. has a 52 week low of $108.41 and a 52 week high of $152.89. The firm has a market capitalization of $36.44 billion, a PE ratio of 30.20, a P/E/G ratio of 0.64 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT – Get Rating) last released its earnings results on Wednesday, April 26th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.10. Hilton Worldwide had a net margin of 13.36% and a negative return on equity of 141.34%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the business earned $0.71 EPS. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. Equities analysts forecast that Hilton Worldwide Holdings Inc. will post 5.86 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, May 19th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Thursday, May 18th. Hilton Worldwide’s dividend payout ratio (DPR) is 13.16%.

About Hilton Worldwide

(Get Rating)

Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management and Franchise segment operates hotels of third-party owners.