Venturi Wealth Management LLC Acquires 202 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Venturi Wealth Management LLC boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 59.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 539 shares of the company’s stock after purchasing an additional 202 shares during the quarter. Venturi Wealth Management LLC’s holdings in Hilton Worldwide were worth $124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HLT. Principal Financial Group Inc. increased its stake in Hilton Worldwide by 15.3% during the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after acquiring an additional 1,429,537 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Hilton Worldwide by 10.5% during the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after purchasing an additional 761,104 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Hilton Worldwide by 36.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after purchasing an additional 1,282,676 shares in the last quarter. Capital World Investors lifted its position in Hilton Worldwide by 66.3% in the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after purchasing an additional 1,246,662 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Hilton Worldwide by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock worth $614,841,000 after buying an additional 200,329 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company’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 completion of the sale, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HLT shares. Bank of America increased their price objective on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Truist Financial raised their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Melius lowered Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Evercore ISI raised their target price on Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Finally, Macquarie upped their price target on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and an average target price of $228.71.

Hilton Worldwide Price Performance

HLT opened at $252.65 on Thursday. The stock has a market capitalization of $61.59 billion, a P/E ratio of 54.22, a price-to-earnings-growth ratio of 3.15 and a beta of 1.30. The company’s 50 day simple moving average is $231.41 and its 200-day simple moving average is $217.68. Hilton Worldwide Holdings Inc. has a one year low of $164.25 and a one year high of $254.06.

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

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. Hilton Worldwide’s payout ratio is presently 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.