International Assets Investment Management LLC Buys 477,212 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

International Assets Investment Management LLC lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 23,730.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 479,223 shares of the company’s stock after purchasing an additional 477,212 shares during the period. International Assets Investment Management LLC owned 0.19% of Hilton Worldwide worth $1,104,610,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Hilton Worldwide by 4.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock worth $269,000 after purchasing an additional 46 shares during the period. Meadow Creek Wealth Advisors LLC lifted its holdings in shares of Hilton Worldwide by 4.2% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock worth $273,000 after purchasing an additional 48 shares during the period. Independence Bank of Kentucky lifted its holdings 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 worth $27,000 after purchasing an additional 50 shares during the period. EP Wealth Advisors LLC lifted its holdings in shares of Hilton Worldwide by 1.5% during the first 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. Finally, AA Financial Advisors LLC lifted its holdings in shares of Hilton Worldwide by 4.0% during the second 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 period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

HLT has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Hilton Worldwide from $224.00 to $244.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $200.00 to $237.00 and gave the company an “equal weight” rating in a report on Tuesday. Truist Financial dropped their target price on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Robert W. Baird set a $235.00 target price on shares of Hilton Worldwide in a report on Thursday, October 17th. Finally, The Goldman Sachs Group started coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and an average target price of $221.42.

Hilton Worldwide Price Performance

HLT opened at $233.53 on Thursday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $147.58 and a fifty-two week high of $240.00. The firm has a market capitalization of $58.39 billion, a PE ratio of 50.77, a P/E/G ratio of 2.60 and a beta of 1.31. The company’s 50-day moving average is $224.51 and its 200 day moving average is $213.94.

Hilton Worldwide (NYSE:HLT) last posted its earnings results 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. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 EPS. As a group, analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Hilton Worldwide 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.