WealthTrust Asset Management LLC Lowers Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

WealthTrust Asset Management LLC trimmed its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,964 shares of the company’s stock after selling 68 shares during the period. Hilton Worldwide comprises 1.0% of WealthTrust Asset Management LLC’s investment portfolio, making the stock its 25th biggest holding. WealthTrust Asset Management LLC’s holdings in Hilton Worldwide were worth $1,301,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Gilbert & Cook Inc. boosted its position in shares of Hilton Worldwide by 7.1% during the fourth quarter. Gilbert & Cook Inc. now owns 6,521 shares of the company’s stock worth $1,187,000 after buying an additional 433 shares during the period. Gryphon Financial Partners LLC grew its position in Hilton Worldwide by 168.4% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,994 shares of the company’s stock valued at $909,000 after acquiring an additional 3,133 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Hilton Worldwide by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 69,125 shares of the company’s stock worth $12,587,000 after purchasing an additional 648 shares during the period. Coldstream Capital Management Inc. lifted its position in shares of Hilton Worldwide by 3.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,860 shares of the company’s stock worth $521,000 after purchasing an additional 93 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Hilton Worldwide by 13.4% in the fourth quarter. Assetmark Inc. now owns 13,339 shares of the company’s stock valued at $2,429,000 after purchasing an additional 1,577 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Price Performance

NYSE HLT opened at $225.54 on Friday. The company has a fifty day moving average of $214.85 and a two-hundred day moving average of $209.78. The company has a market capitalization of $56.40 billion, a PE ratio of 49.03, a P/E/G ratio of 2.32 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 1 year low of $146.00 and a 1 year high of $229.03.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm 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 firm earned $1.63 EPS. The business’s revenue was up 10.9% on a year-over-year basis. On average, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.15 per share. 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 currently 13.04%.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction 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 filing with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HLT shares. The Goldman Sachs Group started coverage on shares of Hilton Worldwide in a report on Wednesday. They set a “buy” rating and a $245.00 target price on the stock. Robert W. Baird reduced their price objective on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Truist Financial lowered their target price 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. Bank of America increased their price target on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, Susquehanna assumed coverage on Hilton Worldwide in a research report on Friday, June 21st. They set a “neutral” rating and a $215.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $213.95.

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.