Diversified Trust Co increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) by 70.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,209 shares of the company’s stock after buying an additional 3,795 shares during the period. Diversified Trust Co’s holdings in Hilton Worldwide were worth $1,297,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concord Wealth Partners purchased a new position in Hilton Worldwide in the 4th quarter valued at about $28,000. Massmutual Trust Co. FSB ADV lifted its holdings in Hilton Worldwide by 85.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 252 shares of the company’s stock valued at $32,000 after purchasing an additional 116 shares in the last quarter. Clear Street Markets LLC purchased a new position in Hilton Worldwide in the 4th quarter valued at about $34,000. U.S. Capital Wealth Advisors LLC purchased a new position in Hilton Worldwide in the 4th quarter valued at about $37,000. Finally, CI Investments Inc. lifted its holdings in Hilton Worldwide by 973.5% in the 3rd quarter. CI Investments Inc. now owns 365 shares of the company’s stock valued at $44,000 after purchasing an additional 331 shares in the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Hilton Worldwide
In other news, Director Douglas M. Steenland acquired 695 shares of the stock in a transaction on Monday, May 22nd. The stock was bought at an average price of $143.73 per share, with a total value of $99,892.35. Following the completion of the transaction, the director now directly owns 26,194 shares of the company’s stock, valued at $3,764,863.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Laura Fuentes sold 12,513 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $141.42, for a total transaction of $1,769,588.46. Following the completion of the sale, the insider now owns 5,270 shares of the company’s stock, valued at $745,283.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas M. Steenland purchased 695 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were bought at an average cost of $143.73 per share, with a total value of $99,892.35. Following the transaction, the director now directly owns 26,194 shares of the company’s stock, valued at approximately $3,764,863.62. The disclosure for this purchase can be found here. 2.40% of the stock is owned by corporate insiders.
Hilton Worldwide Stock Performance
Hilton Worldwide (NYSE:HLT – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.10. Hilton Worldwide had a net margin of 13.36% and a negative return on equity of 141.34%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company earned $0.71 earnings per share. Hilton Worldwide’s revenue for the quarter was up 33.2% on a year-over-year basis. On average, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 5.86 earnings per share for the current year.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, May 19th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Thursday, May 18th. Hilton Worldwide’s dividend payout ratio (DPR) is 13.16%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Argus reduced their target price on shares of Hilton Worldwide from $170.00 to $162.00 in a report on Thursday, April 27th. StockNews.com assumed coverage on shares of Hilton Worldwide in a report on Thursday, May 18th. They set a “hold” rating on the stock. Barclays cut their price objective on shares of Hilton Worldwide from $168.00 to $166.00 in a report on Thursday, April 27th. TD Cowen increased their price objective on shares of Hilton Worldwide from $140.00 to $142.00 and gave the stock an “outperform” rating in a report on Tuesday, March 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Hilton Worldwide from $137.00 to $142.00 in a report on Thursday, April 27th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.81.
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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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