Stephens Inc. AR Buys 152 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Stephens Inc. AR boosted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,804 shares of the company’s stock after purchasing an additional 152 shares during the quarter. Stephens Inc. AR’s holdings in Hilton Worldwide were worth $1,107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Hilton Worldwide by 2.1% in the 2nd quarter. Principal Financial Group Inc. now owns 9,326,879 shares of the company’s stock valued at $2,035,125,000 after acquiring an additional 190,429 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Hilton Worldwide by 10.5% during 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 in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of 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 buying an additional 1,282,676 shares during the period. Capital World Investors increased its position in shares of Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after buying an additional 1,246,662 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Hilton Worldwide by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock worth $614,841,000 after buying an additional 200,329 shares during the period. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Down 1.3 %

Hilton Worldwide stock opened at $233.40 on Tuesday. Hilton Worldwide Holdings Inc. has a twelve month low of $154.82 and a twelve month high of $241.24. The stock has a market cap of $56.90 billion, a P/E ratio of 50.09, a P/E/G ratio of 2.95 and a beta of 1.30. The company’s 50-day moving average price is $228.03 and its two-hundred day moving average price is $215.71.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.07. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 EPS. Equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

Analysts Set New Price Targets

Several brokerages have issued reports on HLT. Wells Fargo & Company lowered their price target on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Macquarie raised 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. JPMorgan Chase & Co. upped their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Truist Financial raised their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and an average price target of $228.71.

Insiders Place Their Bets

In related news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value of $3,384,375.61. Following the completion of the transaction, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

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.