Creative Planning Purchases 3,078 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Creative Planning increased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 10.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,156 shares of the company’s stock after acquiring an additional 3,078 shares during the quarter. Creative Planning’s holdings in Hilton Worldwide were worth $7,642,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC acquired a new position in shares of Hilton Worldwide during the first quarter valued at about $257,000. Wealth Enhancement Advisory Services LLC increased its holdings in Hilton Worldwide by 2.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,085 shares of the company’s stock worth $1,725,000 after purchasing an additional 207 shares in the last quarter. 180 Wealth Advisors LLC raised its stake in shares of Hilton Worldwide by 2.4% in the first quarter. 180 Wealth Advisors LLC now owns 3,547 shares of the company’s stock worth $757,000 after purchasing an additional 84 shares during the last quarter. Pinnacle Bancorp Inc. bought a new position in shares of Hilton Worldwide in the first quarter valued at approximately $34,000. Finally, Independence Bank of Kentucky boosted its position in shares of 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 buying an additional 50 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on HLT. Melius Research restated a “hold” rating on shares of Hilton Worldwide in a research note on Monday. Macquarie raised their price target on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Evercore ISI upped their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday. Wells Fargo & Company lifted their target price on shares of Hilton Worldwide from $200.00 to $237.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group started coverage on Hilton Worldwide in a report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $221.42.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $233.53 on Thursday. The firm has a fifty day moving average price of $224.51 and a two-hundred day moving average price of $213.94. The company has a market cap of $58.39 billion, a price-to-earnings ratio of 50.77, a PEG ratio of 2.60 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a one year low of $147.58 and a one year high of $240.00.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) 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 analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $1.63 earnings per share. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 23rd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by company insiders.

About Hilton Worldwide

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.