B. Riley Wealth Advisors Inc. Has $270,000 Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

B. Riley Wealth Advisors Inc. reduced its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 12.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,236 shares of the company’s stock after selling 169 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Hilton Worldwide were worth $270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of Hilton Worldwide by 0.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 326,239 shares of the company’s stock worth $59,405,000 after purchasing an additional 1,963 shares during the period. Elo Mutual Pension Insurance Co grew its position in shares of Hilton Worldwide by 2.9% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 22,832 shares of the company’s stock worth $4,157,000 after buying an additional 636 shares during the period. Putnam Investments LLC increased its stake in shares of Hilton Worldwide by 6.0% in the 4th quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock valued at $696,680,000 after acquiring an additional 216,219 shares during the last quarter. III Capital Management acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at approximately $1,639,000. Finally, Redwood Investment Management LLC boosted its stake in Hilton Worldwide by 194.6% during the 4th quarter. Redwood Investment Management LLC now owns 33,378 shares of the company’s stock worth $6,078,000 after acquiring an additional 22,049 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HLT shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Barclays decreased their target price on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Bank of America raised their price target on Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective for the company. Finally, Susquehanna initiated coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They set a “neutral” rating and a $215.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $213.95.

Hilton Worldwide Stock Performance

Shares of NYSE HLT opened at $234.19 on Wednesday. The stock has a market capitalization of $58.56 billion, a PE ratio of 50.91, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 52 week low of $146.35 and a 52 week high of $235.67. The stock has a 50 day moving average price of $217.44 and a 200 day moving average price of $211.84.

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

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 23rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

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.