Mather Group LLC. Increases Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Mather Group LLC. grew its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 13.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 726 shares of the company’s stock after purchasing an additional 88 shares during the period. Mather Group LLC.’s holdings in Hilton Worldwide were worth $167,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Independence Bank of Kentucky lifted its position in Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings 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 valued at $31,000 after acquiring an additional 56 shares during the last quarter. EdgeRock Capital LLC purchased a new position in Hilton Worldwide in the second quarter worth about $33,000. Pinnacle Bancorp Inc. purchased a new stake in Hilton Worldwide during the first quarter valued at approximately $34,000. Finally, Manchester Capital Management LLC lifted its stake in shares of Hilton Worldwide by 247.8% in the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after purchasing an additional 114 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Insider Buying and Selling at Hilton Worldwide

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 trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HLT. Susquehanna began coverage on Hilton Worldwide in a research report on Friday, June 21st. They set a “neutral” rating and a $215.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Truist Financial dropped their price target on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Macquarie increased their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Barclays dropped their target price on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Nine equities research 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 presently has an average rating of “Moderate Buy” and an average target price of $213.95.

Hilton Worldwide Stock Performance

NYSE HLT opened at $238.13 on Friday. The company’s 50-day simple moving average is $219.40 and its two-hundred day simple moving average is $212.53. Hilton Worldwide Holdings Inc. has a one year low of $146.36 and a one year high of $239.25. The company has a market capitalization of $58.68 billion, a price-to-earnings ratio of 50.45, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 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 during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Hilton Worldwide’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

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