Whittier Trust Co. of Nevada Inc. Decreases Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Whittier Trust Co. of Nevada Inc. lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 16.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,927 shares of the company’s stock after selling 573 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Hilton Worldwide were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HLT. Independence Bank of Kentucky grew its holdings in 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 acquiring an additional 50 shares during the last quarter. EdgeRock Capital LLC bought a new stake in Hilton Worldwide in the 2nd quarter worth $33,000. Pinnacle Bancorp Inc. bought a new stake in Hilton Worldwide in the 1st quarter worth $34,000. Manchester Capital Management LLC grew its holdings in Hilton Worldwide by 247.8% in the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares during the last quarter. Finally, NewSquare Capital LLC bought a new stake in Hilton Worldwide in the 2nd quarter worth $37,000. Institutional investors own 95.90% of the company’s stock.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction dated 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 approximately $3,460,933. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is owned by insiders.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock opened at $238.02 on Wednesday. The stock has a market cap of $59.52 billion, a price-to-earnings ratio of 51.74, a PEG ratio of 2.60 and a beta of 1.31. The firm’s 50-day moving average is $224.00 and its 200 day moving average is $213.80. Hilton Worldwide Holdings Inc. has a 1 year low of $146.36 and a 1 year high of $240.00.

Hilton Worldwide (NYSE:HLT) last announced 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 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 analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business posted $1.63 EPS. Hilton Worldwide’s revenue was up 10.9% compared to the same quarter last year. On average, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird set a $235.00 price target on shares of Hilton Worldwide in a report on Thursday, October 17th. Bank of America increased their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday. Barclays lifted their price objective on Hilton Worldwide from $224.00 to $244.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Wells Fargo & Company increased their target price on Hilton Worldwide from $200.00 to $237.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide has a consensus rating of “Hold” and an average target price of $221.42.

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.