Morse Asset Management Inc Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Morse Asset Management Inc acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,575 shares of the company’s stock, valued at approximately $562,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Xponance Inc. grew its position in Hilton Worldwide by 1.8% in the 2nd quarter. Xponance Inc. now owns 45,368 shares of the company’s stock worth $9,899,000 after purchasing an additional 819 shares during the last quarter. Bank of Montreal Can grew its position in Hilton Worldwide by 10.5% during the second quarter. Bank of Montreal Can now owns 319,268 shares of the company’s stock worth $69,770,000 after buying an additional 30,453 shares in the last quarter. Evergreen Capital Management LLC increased its stake in Hilton Worldwide by 17.0% during the second quarter. Evergreen Capital Management LLC now owns 1,251 shares of the company’s stock valued at $273,000 after acquiring an additional 182 shares during the period. DRW Securities LLC acquired a new position in Hilton Worldwide in the 2nd quarter valued at approximately $265,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Hilton Worldwide in the 2nd quarter worth approximately $4,533,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Trading Down 0.4 %

Shares of HLT stock opened at $224.64 on Monday. The firm has a market capitalization of $56.17 billion, a price-to-earnings ratio of 48.83, a PEG ratio of 2.32 and a beta of 1.31. The firm’s 50 day moving average is $214.93 and its 200-day moving average is $210.02. Hilton Worldwide Holdings Inc. has a 1 year low of $146.00 and a 1 year high of $229.03.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $1.63 EPS. On average, 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 company 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 dividend of $0.15 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.60 annualized dividend and a yield of 0.27%. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on HLT. Bank of America upped 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. Truist Financial decreased their target price 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 shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Barclays decreased their price objective on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, The Goldman Sachs Group began coverage on Hilton Worldwide in a report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.95.

Hilton Worldwide 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.