Farther Finance Advisors LLC Increases Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Farther Finance Advisors LLC grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 47.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,182 shares of the company’s stock after buying an additional 378 shares during the period. Farther Finance Advisors LLC’s holdings in Hilton Worldwide were worth $273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HLT. GHP Investment Advisors Inc. bought a new stake in shares of Hilton Worldwide in the 3rd quarter valued at about $25,000. EdgeRock Capital LLC purchased a new position in shares of Hilton Worldwide in the second quarter worth $33,000. NewSquare Capital LLC purchased a new stake in Hilton Worldwide during the 2nd quarter valued at $37,000. Family Firm Inc. bought a new stake in Hilton Worldwide in the 2nd quarter worth $38,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Hilton Worldwide in the second quarter worth about $44,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value of $3,384,375.61. Following the sale, the insider now owns 22,833 shares of the company’s stock, valued at $5,382,423.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the transaction, the insider now owns 15,949 shares in the company, valued at $3,460,933. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HLT shares. Macquarie increased their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Truist Financial boosted their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Robert W. Baird lifted their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Bank of America raised their target price on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $228.71.

Hilton Worldwide Trading Up 0.6 %

Hilton Worldwide stock opened at $247.61 on Friday. The firm has a market capitalization of $60.36 billion, a price-to-earnings ratio of 53.14, a P/E/G ratio of 2.93 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12-month low of $156.28 and a 12-month high of $249.36. The firm has a 50 day moving average of $230.10 and a 200 day moving average of $216.79.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.24%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s payout ratio is currently 12.88%.

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.