Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 10.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 321,656 shares of the company’s stock after buying an additional 31,548 shares during the period. Raymond James & Associates owned 0.13% of Hilton Worldwide worth $70,185,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HLT. Independence Bank of Kentucky raised its position in shares of Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 50 shares during the period. Eaton Financial Holdings Company LLC lifted its stake in shares of Hilton Worldwide by 0.9% in the 4th quarter. Eaton Financial Holdings Company LLC now owns 5,932 shares of the company’s stock valued at $1,080,000 after purchasing an additional 52 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Hilton Worldwide by 1.5% during the 1st quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock worth $771,000 after purchasing an additional 54 shares during the period. AA Financial Advisors LLC increased its position in shares of Hilton Worldwide by 4.0% during the 2nd quarter. AA Financial Advisors LLC now owns 1,434 shares of the company’s stock worth $313,000 after purchasing an additional 55 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after buying an additional 56 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hilton Worldwide

In other news, Director Melanie Healey purchased 2,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average price of $199.65 per share, with a total value of $399,300.00. Following the completion of the transaction, the director now directly owns 14,938 shares in the company, valued at approximately $2,982,371.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT traded up $1.87 during mid-day trading on Friday, reaching $212.46. The company’s stock had a trading volume of 2,628,417 shares, compared to its average volume of 1,607,714. The company’s 50 day moving average is $213.79 and its 200 day moving average is $206.65. The stock has a market cap of $53.12 billion, a PE ratio of 46.19, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 12-month low of $146.00 and a 12-month high of $229.03.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the company earned $1.63 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be paid a $0.15 dividend. The ex-dividend date is Friday, August 23rd. This represents a $0.60 annualized dividend and a yield of 0.28%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Susquehanna assumed coverage on Hilton Worldwide in a research note on Friday, June 21st. They set a “neutral” rating and a $215.00 price target on the stock. Truist Financial dropped their price objective on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Macquarie raised their target price on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Mizuho reduced their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Hold” and an average price target of $212.22.

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.