Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,093 shares of the company’s stock after acquiring an additional 417 shares during the period. HB Wealth Management LLC’s holdings in Hilton Worldwide were worth $893,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. EdgeRock Capital LLC purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth $25,000. Independence Bank of Kentucky boosted its position in shares of Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at about $28,000. Raleigh Capital Management Inc. raised its position in Hilton Worldwide by 48.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after acquiring an additional 56 shares during the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Hilton Worldwide in the first quarter valued at approximately $34,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT traded up $2.11 during mid-day trading on Thursday, hitting $219.19. 259,707 shares of the company traded hands, compared to its average volume of 1,576,368. The firm has a market cap of $54.81 billion, a P/E ratio of 47.70, a PEG ratio of 1.84 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 52-week low of $146.00 and a 52-week high of $229.03. The firm’s 50 day simple moving average is $214.52 and its 200 day simple moving average is $207.82.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating the consensus estimate 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 81.29% and a net margin of 11.41%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 EPS. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date is Friday, August 23rd. Hilton Worldwide’s payout ratio is currently 13.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HLT shares. Susquehanna initiated coverage on Hilton Worldwide in a research note on Friday, June 21st. They issued a “neutral” rating and a $215.00 target price on the stock. Macquarie raised their price target on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Bank of America upped their price objective on shares of Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Robert W. Baird lowered their target price on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft dropped 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 note on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.