NorthCrest Asset Manangement LLC Has $721,000 Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

NorthCrest Asset Manangement LLC boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,126 shares of the company’s stock after purchasing an additional 132 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Hilton Worldwide were worth $721,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after acquiring 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. JPMorgan Chase & Co. lifted its position in Hilton Worldwide by 10.5% in the first 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 during the period. International Assets Investment Management LLC boosted its stake in Hilton Worldwide by 23,730.1% during the third quarter. International Assets Investment Management LLC now owns 479,223 shares of the company’s stock worth $1,104,610,000 after buying an additional 477,212 shares in the last quarter. Finally, PineStone Asset Management Inc. bought a new stake in Hilton Worldwide in the 2nd quarter valued at $98,607,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on HLT shares. Deutsche Bank Aktiengesellschaft decreased 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 report on Thursday, August 8th. Macquarie upped their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. The Goldman Sachs Group initiated coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target for the company. Truist Financial upped their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Barclays cut their target price on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Hilton Worldwide presently has an average rating of “Hold” and a consensus target price of $228.71.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the transaction, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hilton Worldwide 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 sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the transaction, the insider now directly owns 22,833 shares in the company, valued at approximately $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. 2.50% of the stock is currently owned by corporate insiders.

Hilton Worldwide Trading Up 0.4 %

Shares of NYSE:HLT opened at $236.11 on Monday. Hilton Worldwide Holdings Inc. has a 1-year low of $148.25 and a 1-year high of $240.00. The stock has a market capitalization of $58.18 billion, a P/E ratio of 50.02, a P/E/G ratio of 2.64 and a beta of 1.31. The business has a 50-day moving average price of $225.48 and a two-hundred day moving average price of $214.32.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. Hilton Worldwide’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.03 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 12.71%.

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.