Diversified Trust Co Raises Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Diversified Trust Co grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 54.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,576 shares of the company’s stock after purchasing an additional 5,523 shares during the quarter. Diversified Trust Co’s holdings in Hilton Worldwide were worth $3,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HLT. First Bank & Trust purchased a new stake in shares of Hilton Worldwide in the 1st quarter valued at approximately $645,000. Independence Bank of Kentucky boosted its position 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 buying an additional 50 shares during the period. Pinnacle Bancorp Inc. acquired a new position in Hilton Worldwide during the 1st quarter worth about $34,000. 180 Wealth Advisors LLC increased its stake in Hilton Worldwide by 2.4% during the first quarter. 180 Wealth Advisors LLC now owns 3,547 shares of the company’s stock worth $757,000 after purchasing an additional 84 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Hilton Worldwide by 2.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,085 shares of the company’s stock valued at $1,725,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insiders Place Their Bets

In related news, Director Melanie Healey bought 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $199.65 per share, with a total value of $399,300.00. Following the completion of the acquisition, the director now owns 14,938 shares in the company, valued at approximately $2,982,371.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HLT. Robert W. Baird increased their target price on shares of Hilton Worldwide from $212.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Truist Financial lifted their target price on Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Bank of America increased their price target on Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Macquarie reissued a “neutral” rating and set a $192.00 price objective on shares of Hilton Worldwide in a research report on Wednesday, April 24th. Finally, BMO Capital Markets raised their target price on shares of Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a report on Wednesday, March 20th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $208.00.

Hilton Worldwide Trading Down 1.8 %

HLT stock opened at $214.23 on Tuesday. The company has a market capitalization of $53.57 billion, a P/E ratio of 46.57, a PEG ratio of 1.91 and a beta of 1.31. The business has a 50 day simple moving average of $205.11 and a 200-day simple moving average of $199.24. Hilton Worldwide Holdings Inc. has a twelve month low of $142.50 and a twelve month high of $218.82.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS. Research analysts predict 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 was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date was Thursday, May 16th. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

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.