Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Bought by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,676 shares of the company’s stock after purchasing an additional 92 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Hilton Worldwide were worth $2,354,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S grew its stake in Hilton Worldwide by 39.6% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 14,446 shares of the company’s stock valued at $2,103,000 after purchasing an additional 4,099 shares in the last quarter. Forsta AP Fonden increased its holdings in shares of Hilton Worldwide by 27.8% in the 2nd quarter. Forsta AP Fonden now owns 87,800 shares of the company’s stock valued at $12,779,000 after acquiring an additional 19,100 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Hilton Worldwide by 8.5% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,200 shares of the company’s stock valued at $24,773,000 after acquiring an additional 13,356 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Hilton Worldwide by 17.0% in the 2nd quarter. Hsbc Holdings PLC now owns 467,671 shares of the company’s stock valued at $68,092,000 after acquiring an additional 67,821 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Hilton Worldwide in the 3rd quarter valued at approximately $1,355,000. Institutional investors and hedge funds own 94.71% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $192.16 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $129.86 and a 1 year high of $198.15. The stock has a fifty day moving average of $183.23 and a two-hundred day moving average of $164.53. The firm has a market capitalization of $48.46 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 1.74 and a beta of 1.26.

Hilton Worldwide (NYSE:HLTGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the business earned $1.59 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.1 earnings per share for the current fiscal year.

Hilton Worldwide declared that its Board of Directors has approved a share repurchase plan on Thursday, November 9th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 7.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.86%.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher W. Silcock sold 10,863 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $166.61, for a total transaction of $1,809,884.43. Following the transaction, the insider now directly owns 58,256 shares of the company’s stock, valued at $9,706,032.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the transaction, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher W. Silcock sold 10,863 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $166.61, for a total value of $1,809,884.43. Following the completion of the transaction, the insider now owns 58,256 shares in the company, valued at approximately $9,706,032.16. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HLT has been the subject of a number of research analyst reports. BMO Capital Markets boosted their price target on Hilton Worldwide from $184.00 to $203.00 and gave the company a “market perform” rating in a report on Thursday. Barclays boosted their price objective on Hilton Worldwide from $200.00 to $204.00 and gave the company an “overweight” rating in a research report on Thursday. Macquarie boosted their price objective on Hilton Worldwide from $190.00 to $192.00 and gave the company a “neutral” rating in a research report on Friday. Raymond James boosted their price objective on Hilton Worldwide from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Finally, Truist Financial boosted their price objective on Hilton Worldwide from $172.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $176.93.

Get Our Latest Stock Report on Hilton Worldwide

Hilton Worldwide Profile

(Free Report)

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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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