1,136 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Purchased by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC bought a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,136 shares of the company’s stock, valued at approximately $262,000.

Several other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock worth $1,037,464,000 after purchasing an additional 1,282,676 shares during the period. Capital World Investors grew its holdings in shares of Hilton Worldwide by 66.3% during the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after buying an additional 1,246,662 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after buying an additional 761,104 shares in the last quarter. PineStone Asset Management Inc. acquired a new position in Hilton Worldwide during the second quarter valued at $98,607,000. Finally, Fiera Capital Corp boosted its position in Hilton Worldwide by 6,417.6% during the 2nd quarter. Fiera Capital Corp now owns 442,869 shares of the company’s stock worth $96,634,000 after acquiring an additional 436,074 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HLT shares. The Goldman Sachs Group assumed coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price target for the company. Barclays decreased their target price on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Bank of America upped their price target on shares of Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Truist Financial reduced their price objective 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, Susquehanna started coverage on shares of Hilton Worldwide in a research note on Friday, June 21st. They set a “neutral” rating and a $215.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $213.95.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Stock Up 0.9 %

Shares of NYSE:HLT opened at $238.13 on Friday. The business has a 50 day moving average price of $218.74 and a 200 day moving average price of $212.34. The company has a market cap of $58.68 billion, a price-to-earnings ratio of 50.45, a PEG ratio of 2.60 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a twelve month low of $146.36 and a twelve month high of $239.25.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. Hilton Worldwide’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 earnings per share. Analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio is currently 12.71%.

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.