Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Park Place Capital Corp

Park Place Capital Corp boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,367 shares of the company’s stock after buying an additional 568 shares during the period. Park Place Capital Corp’s holdings in Hilton Worldwide were worth $1,145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLT. Independence Bank of Kentucky raised its position in Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $25,000. Activest Wealth Management acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth about $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Hilton Worldwide during the fourth quarter worth about $28,000. Finally, Pinnacle Bancorp Inc. acquired a new position in 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.

Insider Buying and Selling at Hilton Worldwide

In related news, Director Melanie Healey bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average cost of $199.65 per share, with a total value of $399,300.00. Following the completion of the transaction, the director now owns 14,938 shares of the company’s stock, valued at $2,982,371.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HLT has been the topic of a number of recent research reports. Susquehanna started coverage on Hilton Worldwide in a report on Friday, June 21st. They issued a “neutral” rating and a $215.00 target price on the stock. HSBC upped their price objective on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Evercore ISI lifted their target price on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a report on Wednesday, March 20th. Bank of America increased their price target on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Macquarie reiterated a “neutral” rating and issued a $192.00 price objective on shares of Hilton Worldwide in a research report on Wednesday, April 24th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and an average price target of $208.00.

Hilton Worldwide Trading Down 1.8 %

Shares of NYSE HLT traded down $3.97 during midday trading on Monday, reaching $214.23. 1,564,421 shares of the stock were exchanged, compared to its average volume of 1,575,221. The company has a market capitalization of $53.57 billion, a P/E ratio of 46.57, a P/E/G ratio of 1.91 and a beta of 1.31. The stock has a 50 day moving average price of $205.11 and a 200-day moving average price of $199.24. Hilton Worldwide Holdings Inc. has a 52-week low of $142.50 and a 52-week high of $218.82.

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

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Thursday, May 16th. Hilton Worldwide’s payout ratio is 13.04%.

About Hilton Worldwide

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.