Prime Capital Investment Advisors LLC Has $3.06 Million Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Prime Capital Investment Advisors LLC reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 14.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,295 shares of the company’s stock after selling 2,194 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Hilton Worldwide were worth $3,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its position in shares of Hilton Worldwide by 0.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock valued at $1,946,000 after acquiring an additional 44 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in shares of Hilton Worldwide by 4.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock valued at $269,000 after purchasing an additional 46 shares during the period. Graypoint LLC boosted its position in shares of Hilton Worldwide by 2.6% during the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company’s stock worth $431,000 after purchasing an additional 47 shares in the last quarter. Meadow Creek Wealth Advisors LLC grew its stake in shares of Hilton Worldwide by 4.2% in the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock valued at $273,000 after buying an additional 48 shares during the period. Finally, EP Wealth Advisors LLC increased its position in Hilton Worldwide by 1.5% in the 1st quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock valued at $771,000 after buying an additional 54 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Performance

HLT opened at $252.65 on Thursday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $164.25 and a fifty-two week high of $254.06. The firm has a 50-day moving average of $231.41 and a 200 day moving average of $217.68. The firm has a market cap of $61.59 billion, a P/E ratio of 54.22, a PEG ratio of 3.15 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business posted $1.67 EPS. Hilton Worldwide’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. Hilton Worldwide’s dividend payout ratio is presently 12.88%.

Insider Transactions at Hilton Worldwide

In related news, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value of $3,384,375.61. Following the sale, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the transaction, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the sale, the insider now directly owns 22,833 shares in the company, valued at $5,382,423.09. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HLT. Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Bank of America lifted their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, October 21st. The Goldman Sachs Group began coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Macquarie upped their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $228.71.

Hilton Worldwide Company 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.