Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by NBC Securities Inc.

NBC Securities Inc. boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 16.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 425 shares of the company’s stock after acquiring an additional 61 shares during the period. NBC Securities Inc.’s holdings in Hilton Worldwide were worth $98,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Massachusetts Financial Services Co. MA raised its position in shares of Hilton Worldwide by 36.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock worth $1,037,464,000 after purchasing an additional 1,282,676 shares during the last quarter. Capital World Investors lifted its position in shares of Hilton Worldwide by 66.3% in the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after acquiring an additional 1,246,662 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after acquiring an additional 761,104 shares during the last quarter. PineStone Asset Management Inc. purchased a new stake in Hilton Worldwide during the 2nd quarter worth about $98,607,000. Finally, Fiera Capital Corp raised its stake in Hilton Worldwide by 6,417.6% in the 2nd quarter. Fiera Capital Corp now owns 442,869 shares of the company’s stock valued at $96,634,000 after purchasing an additional 436,074 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Bank of America lifted their price target on shares of Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. The Goldman Sachs Group began coverage on Hilton Worldwide in a report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price target for the company. Barclays raised their price objective on Hilton Worldwide from $224.00 to $244.00 and gave the stock an “overweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” 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 for the company in a report on Thursday, August 8th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $216.05.

Insider Activity at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Hilton Worldwide Stock Performance

HLT stock opened at $238.81 on Monday. The firm has a market cap of $59.71 billion, a P/E ratio of 51.92, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 1 year low of $146.36 and a 1 year high of $240.00. The stock has a 50-day simple moving average of $222.71 and a 200-day simple moving average of $213.42.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data 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. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 earnings per share. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.15 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. 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.