Czech National Bank Raises Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Czech National Bank lifted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,262 shares of the company’s stock after buying an additional 2,405 shares during the quarter. Czech National Bank’s holdings in Hilton Worldwide were worth $12,575,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Noble Wealth Management PBC acquired a new position in shares of Hilton Worldwide during the 4th quarter worth $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Hilton Worldwide during the 4th quarter worth $28,000. Sierra Ocean LLC acquired a new position in shares of Hilton Worldwide during the 4th quarter worth $36,000. Hopwood Financial Services Inc. acquired a new position in shares of Hilton Worldwide during the 4th quarter worth $41,000. Finally, OFI Invest Asset Management acquired a new position in shares of Hilton Worldwide during the 4th quarter worth $44,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

Hilton Worldwide stock opened at $248.15 on Monday. The company has a market cap of $58.99 billion, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 12 month low of $195.97 and a 12 month high of $275.22. The stock’s 50-day moving average is $230.16 and its 200-day moving average is $243.60.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.61 by $0.11. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Hilton Worldwide’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.53 earnings per share. Research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Investors of record on Monday, May 26th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 0.23%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.46%.

Analyst Ratings Changes

Several research firms have recently issued reports on HLT. Raymond James lifted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Susquehanna boosted their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Macquarie cut their target price on shares of Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Evercore ISI cut their target price on shares of Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating for the company in a research note on Wednesday, April 23rd. Eleven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $245.56.

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.