Greenleaf Trust Has $2.40 Million Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Greenleaf Trust increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,406 shares of the company’s stock after buying an additional 397 shares during the period. Greenleaf Trust’s holdings in Hilton Worldwide were worth $2,399,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HLT. Independence Bank of Kentucky lifted 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 worth $27,000 after purchasing an additional 50 shares in the last quarter. EdgeRock Capital LLC bought a new position in Hilton Worldwide in the 2nd quarter worth approximately $33,000. Pinnacle Bancorp Inc. acquired a new position in Hilton Worldwide during the 1st quarter worth $34,000. Manchester Capital Management LLC boosted its position in 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 buying an additional 114 shares during the last quarter. Finally, NewSquare Capital LLC acquired a new stake in shares of Hilton Worldwide in the 2nd quarter valued at $37,000. Institutional investors own 95.90% of the company’s stock.

Insider Buying and Selling at Hilton Worldwide

In other news, 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 value of $1,067,423.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

NYSE HLT opened at $233.53 on Thursday. The stock 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. The business has a 50 day simple moving average of $224.51 and a 200 day simple moving average of $213.94. Hilton Worldwide Holdings Inc. has a 52-week low of $147.58 and a 52-week high of $240.00.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. On average, analysts predict that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HLT shares. Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. 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. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research note on Monday. Finally, Evercore ISI upped their target price on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $221.42.

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.