Sequoia Financial Advisors LLC Boosts Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sequoia Financial Advisors LLC grew its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 16.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,989 shares of the company’s stock after purchasing an additional 983 shares during the period. Sequoia Financial Advisors LLC’s holdings in Hilton Worldwide were worth $1,611,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC purchased a new position in Hilton Worldwide during the first quarter worth about $257,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Hilton Worldwide by 2.6% during the first 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 increased its position 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. purchased a new stake in Hilton Worldwide in the first quarter valued at approximately $34,000. Finally, 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. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 value of $1,067,423.00. Following the completion of the transaction, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Stock Up 0.7 %

Shares of HLT opened at $235.17 on Friday. The firm has a fifty day simple moving average of $224.51 and a two-hundred day simple moving average of $213.94. Hilton Worldwide Holdings Inc. has a twelve month low of $147.58 and a twelve month high of $240.00. The stock has a market capitalization of $58.80 billion, a P/E ratio of 51.12, a PEG ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.07. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. Hilton Worldwide’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $1.67 earnings per share. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be issued 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 dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Analyst Ratings Changes

A number of equities analysts have recently commented on HLT shares. Bank of America increased their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company dropped their price target on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research note on Thursday. Macquarie increased their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and an average target price of $223.21.

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.