Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 62.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,972 shares of the company’s stock after buying an additional 1,915 shares during the quarter. MGO One Seven LLC’s holdings in Hilton Worldwide were worth $1,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HLT. Independence Bank of Kentucky lifted its stake in Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 50 shares during the period. Frazier Financial Advisors LLC acquired a new position in Hilton Worldwide during the fourth quarter valued at $28,000. Raleigh Capital Management Inc. boosted its holdings in Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after purchasing an additional 56 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in Hilton Worldwide during the 2nd quarter worth about $33,000. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of Hilton Worldwide in the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $216.82 on Friday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $146.00 and a fifty-two week high of $229.03. The stock’s fifty day moving average is $214.48 and its two-hundred day moving average is $209.30. The firm has a market capitalization of $53.43 billion, a P/E ratio of 47.13, a PEG ratio of 2.32 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share 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 firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the firm posted $1.63 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. Hilton Worldwide’s payout ratio is 13.04%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HLT shares. Robert W. Baird reduced their price target on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price 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 dropped their price target on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Finally, Bank of America lifted their price target on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus target price of $212.22.

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.