Argent Trust Co Buys 891 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Argent Trust Co lifted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 14.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,905 shares of the company’s stock after acquiring an additional 891 shares during the period. Argent Trust Co’s holdings in Hilton Worldwide were worth $1,507,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Independence Bank of Kentucky grew its holdings in Hilton Worldwide by 66.7% in 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 last quarter. Frazier Financial Advisors LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at approximately $28,000. Raleigh Capital Management Inc. grew its holdings in Hilton Worldwide by 48.7% in the 4th 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. EdgeRock Capital LLC acquired a new stake in Hilton Worldwide in the 2nd quarter valued at approximately $33,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in Hilton Worldwide in the 1st quarter valued at approximately $34,000. 95.90% of the stock is owned by institutional investors.

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 stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Up 0.3 %

Shares of HLT opened at $220.98 on Thursday. Hilton Worldwide Holdings Inc. has a 12-month low of $146.00 and a 12-month high of $229.03. The firm has a market capitalization of $55.26 billion, a PE ratio of 48.04, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The stock’s fifty day simple moving average is $214.68 and its 200-day simple moving average is $209.67.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. Analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced 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. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Friday, August 23rd. Hilton Worldwide’s payout ratio is 13.04%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HLT shares. Deutsche Bank Aktiengesellschaft lowered their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Barclays lowered their price target on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Susquehanna initiated coverage on Hilton Worldwide in a research report on Friday, June 21st. They issued a “neutral” rating and a $215.00 price target on the stock. Robert W. Baird lowered their price target on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Truist Financial lowered their price target on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $213.95.

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 economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.