Pinnacle Bancorp Inc. Acquires New Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Pinnacle Bancorp Inc. bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 160 shares of the company’s stock, valued at approximately $34,000.

A number of other institutional investors have also made changes to their positions in HLT. Eaton Financial Holdings Company LLC raised its position in Hilton Worldwide by 0.9% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 5,932 shares of the company’s stock valued at $1,080,000 after purchasing an additional 52 shares during the period. Raleigh Capital Management Inc. raised its holdings in shares of Hilton Worldwide by 48.7% in the 4th 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. Checchi Capital Advisers LLC lifted its stake in Hilton Worldwide by 1.9% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,095 shares of the company’s stock worth $564,000 after acquiring an additional 58 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in Hilton Worldwide by 2.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,681 shares of the company’s stock valued at $488,000 after acquiring an additional 63 shares during the period. Finally, Drive Wealth Management LLC grew its position in Hilton Worldwide by 4.9% in the 4th quarter. Drive Wealth Management LLC now owns 1,399 shares of the company’s stock valued at $255,000 after acquiring an additional 65 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Trading Up 1.5 %

Shares of NYSE HLT opened at $218.20 on Friday. The stock has a market cap of $54.56 billion, a P/E ratio of 47.43, a P/E/G ratio of 1.88 and a beta of 1.30. The stock has a 50 day moving average of $205.11 and a two-hundred day moving average of $198.94. Hilton Worldwide Holdings Inc. has a twelve month low of $140.99 and a twelve month high of $218.58.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the business earned $1.24 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.27%. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

Insiders Place Their Bets

In other news, Director Melanie Healey purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the purchase, the director now directly owns 14,938 shares in the company, valued at approximately $2,982,371.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.50% of the stock is owned by insiders.

Analyst Ratings Changes

HLT has been the subject of several recent research reports. Truist Financial raised their price objective on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Wells Fargo & Company raised their price target on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 20th. Robert W. Baird upped their price objective on Hilton Worldwide from $212.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. HSBC lifted their target price on Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Finally, Mizuho cut their price target on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $208.00.

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.