Gilbert & Cook Inc. Sells 806 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Gilbert & Cook Inc. reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 13.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 5,217 shares of the company’s stock after selling 806 shares during the quarter. Gilbert & Cook Inc.’s holdings in Hilton Worldwide were worth $1,138,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. EdgeRock Capital LLC bought a new position in shares of Hilton Worldwide during the 4th quarter valued at approximately $25,000. Independence Bank of Kentucky grew its holdings in Hilton Worldwide by 66.7% during the first 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 period. Frazier Financial Advisors LLC purchased a new stake in Hilton Worldwide in the fourth quarter worth $28,000. Raleigh Capital Management Inc. raised its stake in shares of Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after buying an additional 56 shares during the period. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of Hilton Worldwide during the 1st quarter valued at $34,000. Institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

HLT has been the topic of a number of research reports. Susquehanna began coverage on Hilton Worldwide in a research note on Friday, June 21st. They issued a “neutral” rating and a $215.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Robert W. Baird reduced their price objective 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. Macquarie increased their target price on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Bank of America boosted their price objective on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $212.22.

Hilton Worldwide Trading Up 0.9 %

Shares of NYSE:HLT traded up $1.98 during trading on Monday, reaching $219.64. The company had a trading volume of 1,582,300 shares, compared to its average volume of 1,582,234. The company has a fifty day moving average of $214.61 and a two-hundred day moving average of $208.37. The stock has a market capitalization of $54.13 billion, a P/E ratio of 47.75, a price-to-earnings-growth ratio of 2.41 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 12 month low of $146.00 and a 12 month high of $229.03.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $1.63 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. As a group, 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 will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. Hilton Worldwide’s dividend payout ratio is 13.04%.

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.