9258 Wealth Management LLC Purchases Shares of 1,021 Hilton Worldwide Holdings Inc. (NYSE:HLT)

9258 Wealth Management LLC purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,021 shares of the company’s stock, valued at approximately $218,000.

A number of other large investors have also recently added to or reduced their stakes in HLT. AQR Capital Management LLC lifted its stake in shares of Hilton Worldwide by 1.9% during the 3rd quarter. AQR Capital Management LLC now owns 45,573 shares of the company’s stock worth $6,844,000 after buying an additional 843 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Hilton Worldwide by 2.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 15,498 shares of the company’s stock worth $2,328,000 after buying an additional 321 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of Hilton Worldwide by 3.3% during the 3rd quarter. Townsquare Capital LLC now owns 10,429 shares of the company’s stock worth $1,566,000 after buying an additional 338 shares during the last quarter. Integrated Advisors Network LLC lifted its stake in shares of Hilton Worldwide by 11.2% during the 3rd quarter. Integrated Advisors Network LLC now owns 2,367 shares of the company’s stock worth $355,000 after buying an additional 238 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its position in Hilton Worldwide by 0.8% during the third quarter. Public Sector Pension Investment Board now owns 319,582 shares of the company’s stock worth $47,995,000 after acquiring an additional 2,672 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Ratings Changes

HLT has been the topic of a number of recent research reports. Truist Financial raised their price target on shares of Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Susquehanna initiated coverage on shares of Hilton Worldwide in a research report on Friday, June 21st. They set a “neutral” rating and a $215.00 price target on the stock. HSBC raised their price target on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Evercore ISI raised their price target on shares of Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research report on Wednesday, March 20th. Finally, Barclays raised their target price on shares of Hilton Worldwide from $216.00 to $219.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus price target of $208.00.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock traded down $3.02 during trading on Thursday, reaching $216.83. 1,151,386 shares of the company traded hands, compared to its average volume of 1,556,611. Hilton Worldwide Holdings Inc. has a 1-year low of $146.00 and a 1-year high of $220.10. The company has a 50 day moving average price of $207.64 and a 200-day moving average price of $201.15. The firm has a market capitalization of $54.22 billion, a PE ratio of 47.82, a P/E/G ratio of 1.88 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the company earned $1.24 EPS. Hilton Worldwide’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.28%. Hilton Worldwide’s payout ratio is 13.04%.

Insiders Place Their Bets

In other Hilton Worldwide news, Director Melanie Healey acquired 2,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the acquisition, the director now owns 14,938 shares in the company, valued at approximately $2,982,371.70. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Company 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.