Parallel Advisors LLC Acquires 115 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Parallel Advisors LLC boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,791 shares of the company’s stock after acquiring an additional 115 shares during the quarter. Parallel Advisors LLC’s holdings in Hilton Worldwide were worth $609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its stake in Hilton Worldwide by 7.1% during the 4th quarter. Gilbert & Cook Inc. now owns 6,521 shares of the company’s stock valued at $1,187,000 after acquiring an additional 433 shares in the last quarter. Gryphon Financial Partners LLC grew its position in Hilton Worldwide by 168.4% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,994 shares of the company’s stock worth $909,000 after purchasing an additional 3,133 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Hilton Worldwide by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 29,824 shares of the company’s stock worth $5,431,000 after buying an additional 76 shares during the last quarter. Independent Advisor Alliance increased its position in shares of Hilton Worldwide by 29.3% during the fourth quarter. Independent Advisor Alliance now owns 1,861 shares of the company’s stock valued at $339,000 after acquiring an additional 422 shares during the last quarter. Finally, ING Groep NV lifted its holdings in Hilton Worldwide by 25.2% during the fourth quarter. ING Groep NV now owns 35,107 shares of the company’s stock worth $6,393,000 after acquiring an additional 7,076 shares during the period. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Trading Up 0.6 %

NYSE HLT opened at $218.10 on Tuesday. The stock has a 50-day moving average of $214.55 and a 200-day moving average of $209.48. Hilton Worldwide Holdings Inc. has a 1-year low of $146.00 and a 1-year high of $229.03. The firm has a market cap of $53.75 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Analyst Ratings Changes

HLT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price 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. Susquehanna initiated coverage on Hilton Worldwide in a report on Friday, June 21st. They set a “neutral” rating and a $215.00 price objective for the company. Barclays decreased their price objective on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Robert W. Baird reduced their price objective on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price target 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and an average target price 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.