Central Pacific Bank Trust Division Takes Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Central Pacific Bank Trust Division acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,865 shares of the company’s stock, valued at approximately $822,000.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Hilton Worldwide during the fourth quarter valued at about $475,073,000. Gray Foundation bought a new position in shares of Hilton Worldwide during the fourth quarter valued at about $133,229,000. Artemis Investment Management LLP bought a new position in shares of Hilton Worldwide during the fourth quarter valued at about $64,221,000. Kodai Capital Management LP bought a new position in shares of Hilton Worldwide during the fourth quarter valued at about $55,350,000. Finally, International Assets Investment Management LLC lifted its position in shares of Hilton Worldwide by 19,454.9% during the fourth quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock valued at $53,981,000 after purchasing an additional 294,937 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Trading Up 0.3 %

NYSE HLT traded up $0.69 during trading on Tuesday, hitting $215.26. The company had a trading volume of 1,541,115 shares, compared to its average volume of 1,558,027. Hilton Worldwide Holdings Inc. has a one year low of $146.00 and a one year high of $218.82. The company has a market cap of $53.83 billion, a price-to-earnings ratio of 46.80, a price-to-earnings-growth ratio of 1.88 and a beta of 1.31. The company’s fifty day moving average is $206.83 and its 200-day moving average is $200.78.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. As a group, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 17th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Insider Activity at Hilton Worldwide

In related news, Director Melanie Healey purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of $199.65 per share, with a total value of $399,300.00. Following the acquisition, the director now directly owns 14,938 shares in the company, valued at approximately $2,982,371.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HLT. Barclays lifted their price objective on shares of Hilton Worldwide from $216.00 to $219.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Evercore ISI boosted their price objective on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Truist Financial boosted their price target on shares of Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Finally, Bank of America boosted their price target on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Hilton Worldwide presently has an average rating of “Hold” and an average target price of $208.00.

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.