Legacy Financial Advisors Inc. Purchases Shares of 976 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Legacy Financial Advisors Inc. bought a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the second quarter, according to its most recent filing with the SEC. The firm bought 976 shares of the company’s stock, valued at approximately $213,000.

Other large investors also recently bought and sold shares of the company. Independence Bank of Kentucky grew 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 valued at $27,000 after buying an additional 50 shares during the last quarter. Raleigh Capital Management Inc. grew its stake in Hilton Worldwide by 48.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after purchasing an additional 56 shares during the last quarter. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide in the second quarter valued at about $33,000. Pinnacle Bancorp Inc. purchased a new position in shares of Hilton Worldwide in the first quarter worth about $34,000. Finally, Manchester Capital Management LLC boosted its position in Hilton Worldwide by 247.8% in the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after buying an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insider Buying and Selling

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by company insiders.

Hilton Worldwide Stock Performance

NYSE HLT opened at $224.64 on Monday. The business has a fifty day moving average price of $214.93 and a 200 day moving average price of $210.02. The company has a market cap of $56.17 billion, a P/E ratio of 48.83, a P/E/G ratio of 2.32 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a one year low of $146.00 and a one year high of $229.03.

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

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be issued a $0.15 dividend. The ex-dividend date is Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Wall Street Analysts Forecast Growth

Several analysts have commented on HLT shares. The Goldman Sachs Group started coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They set a “buy” rating and a $245.00 price objective for the company. Macquarie upped their price target on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Truist Financial reduced their price objective on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Barclays lowered their target price on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price target on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $213.95.

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.