NorthRock Partners LLC Sells 60 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

NorthRock Partners LLC trimmed its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,345 shares of the company’s stock after selling 60 shares during the quarter. NorthRock Partners LLC’s holdings in Hilton Worldwide were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new stake in shares of Hilton Worldwide during the fourth quarter valued at approximately $25,000. Activest Wealth Management bought a new stake in shares of Hilton Worldwide during the fourth quarter valued at approximately $26,000. Independence Bank of Kentucky grew its stake 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 valued at $27,000 after purchasing an additional 50 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Hilton Worldwide during the fourth quarter valued at approximately $28,000. Finally, Raleigh Capital Management Inc. grew its stake in shares of Hilton Worldwide by 48.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after purchasing an additional 56 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Insider Activity at Hilton Worldwide

In related news, Director Melanie Healey purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the purchase, the director now owns 14,938 shares in the company, valued at $2,982,371.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Trading Up 1.0 %

Shares of Hilton Worldwide stock traded up $2.27 during trading on Monday, hitting $222.99. 1,484,580 shares of the stock were exchanged, compared to its average volume of 1,561,644. The stock has a market capitalization of $55.76 billion, a price-to-earnings ratio of 48.48, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. The company has a fifty day moving average price of $208.94 and a 200-day moving average price of $202.11. Hilton Worldwide Holdings Inc. has a 1-year low of $146.00 and a 1-year high of $223.12.

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

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 17th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HLT shares. Truist Financial increased their price target on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. TD Cowen raised their price objective on shares of Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Barclays raised their price objective on shares of Hilton Worldwide from $216.00 to $219.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Mizuho reduced their price objective on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Finally, Susquehanna assumed coverage on shares of Hilton Worldwide in a research note on Friday, June 21st. They issued a “neutral” rating and a $215.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $208.00.

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.