Pinnacle Bancorp Inc. Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Pinnacle Bancorp Inc. purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 160 shares of the company’s stock, valued at approximately $34,000.

A number of other large investors have also recently modified their holdings of the business. EdgeRock Capital LLC purchased a new position in Hilton Worldwide in the fourth quarter worth $25,000. Activest Wealth Management purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at about $26,000. Frazier Financial Advisors LLC bought a new stake in Hilton Worldwide in the 4th quarter worth approximately $28,000. Raleigh Capital Management Inc. boosted its stake in Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after buying an additional 56 shares in the last quarter. Finally, Rise Advisors LLC bought a new position in Hilton Worldwide during the first quarter valued at approximately $38,000. Institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HLT. TD Cowen increased their target price on shares of Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Mizuho reduced their price target on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. BMO Capital Markets boosted their price objective on Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a research report on Wednesday, March 20th. Macquarie reissued a “neutral” rating and set a $192.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, April 24th. Finally, Robert W. Baird lifted their target price on shares of Hilton Worldwide from $212.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and an average price target of $208.00.

Hilton Worldwide Stock Up 1.5 %

HLT opened at $218.20 on Friday. Hilton Worldwide Holdings Inc. has a twelve month low of $140.99 and a twelve month high of $218.58. The firm has a 50 day moving average price of $205.11 and a 200-day moving average price of $198.94. The stock has a market capitalization of $54.56 billion, a price-to-earnings ratio of 47.43, a PEG ratio of 1.88 and a beta of 1.30.

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

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 17th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Thursday, May 16th. Hilton Worldwide’s payout ratio is currently 13.04%.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, Director Melanie Healey bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the transaction, the director now owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.50% of the company’s stock.

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.