TFG Advisers LLC Increases Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

TFG Advisers LLC raised its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,406 shares of the company’s stock after buying an additional 70 shares during the period. TFG Advisers LLC’s holdings in Hilton Worldwide were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Independence Bank of Kentucky boosted its holdings 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. EdgeRock Capital LLC purchased a new position in shares of Hilton Worldwide in the second quarter valued at approximately $33,000. Pinnacle Bancorp Inc. acquired a new position in shares of Hilton Worldwide in the first quarter valued at approximately $34,000. Manchester Capital Management LLC increased its stake in Hilton Worldwide by 247.8% during the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after buying an additional 114 shares during the period. Finally, NewSquare Capital LLC acquired a new stake in Hilton Worldwide during the 2nd quarter worth approximately $37,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on HLT. Truist Financial dropped their price target on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Bank of America upped their price target on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research note on Monday. Robert W. Baird set a $235.00 target price on shares of Hilton Worldwide in a report on Thursday, October 17th. Finally, Barclays boosted their price target on shares of Hilton Worldwide from $224.00 to $244.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Hilton Worldwide currently has an average rating of “Hold” and a consensus price target of $221.42.

Hilton Worldwide Price Performance

Shares of HLT traded down $4.33 during mid-day trading on Wednesday, reaching $233.80. 482,259 shares of the company’s stock were exchanged, compared to its average volume of 1,554,453. The business’s fifty day simple moving average is $224.00 and its 200-day simple moving average is $213.80. Hilton Worldwide Holdings Inc. has a 52-week low of $147.58 and a 52-week high of $240.00. The stock has a market capitalization of $58.46 billion, a PE ratio of 51.74, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31.

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

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were given a dividend of $0.15 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. Hilton Worldwide’s payout ratio is currently 13.04%.

Insider Transactions at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 15,949 shares in the company, valued at $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.50% of the company’s stock.

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.