Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Chase Investment Counsel Corp

Chase Investment Counsel Corp lifted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,240 shares of the company’s stock after purchasing an additional 335 shares during the period. Chase Investment Counsel Corp’s holdings in Hilton Worldwide were worth $3,107,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Independence Bank of Kentucky grew its stake 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 worth $27,000 after purchasing an additional 50 shares during the last quarter. Raleigh Capital Management Inc. grew its stake 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 worth $31,000 after purchasing an additional 56 shares during the last quarter. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide in the 2nd quarter worth approximately $33,000. Pinnacle Bancorp Inc. acquired a new position in shares of Hilton Worldwide in the 1st quarter worth approximately $34,000. Finally, Manchester Capital Management LLC boosted its holdings in shares of Hilton Worldwide by 247.8% in the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Activity

In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide 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 transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HLT. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Susquehanna began coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They issued a “neutral” rating and a $215.00 target price for the company. Macquarie raised 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. Robert W. Baird decreased their target price on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $213.95.

Hilton Worldwide Stock Up 0.6 %

NYSE HLT opened at $234.36 on Monday. The stock has a market capitalization of $58.60 billion, a PE ratio of 50.95, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31. The company has a 50 day moving average price of $215.70 and a two-hundred day moving average price of $210.84. Hilton Worldwide Holdings Inc. has a 12-month low of $146.35 and a 12-month high of $235.67.

Hilton Worldwide (NYSE:HLT) last released its quarterly 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 net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm posted $1.63 earnings per share. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio is 13.04%.

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.