WealthTrust Asset Management LLC Lowers Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

WealthTrust Asset Management LLC reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,964 shares of the company’s stock after selling 68 shares during the period. Hilton Worldwide comprises approximately 1.0% of WealthTrust Asset Management LLC’s holdings, making the stock its 25th largest position. WealthTrust Asset Management LLC’s holdings in Hilton Worldwide were worth $1,301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HLT. Independence Bank of Kentucky lifted its holdings 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 valued at $27,000 after buying an additional 50 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth $28,000. Raleigh Capital Management Inc. grew its stake in shares of Hilton Worldwide by 48.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after purchasing an additional 56 shares during the period. EdgeRock Capital LLC purchased a new position in shares of Hilton Worldwide in the 2nd quarter valued at about $33,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Hilton Worldwide in the first quarter valued at about $34,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the transaction, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Price Performance

NYSE:HLT opened at $225.54 on Friday. Hilton Worldwide Holdings Inc. has a 1-year low of $146.00 and a 1-year high of $229.03. The firm has a 50 day simple moving average of $214.85 and a 200-day simple moving average of $209.78. The firm has a market cap of $56.40 billion, a PE ratio of 49.03, a P/E/G ratio of 2.32 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $1.63 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HLT. The Goldman Sachs Group initiated coverage on shares of Hilton Worldwide in a research report on Wednesday. They set a “buy” rating and a $245.00 target price on the stock. Macquarie raised their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Barclays decreased their target price on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Truist Financial dropped their price target on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.95.

About Hilton Worldwide

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.