Hilton Worldwide Holdings Inc. (NYSE:HLT) Stock Holdings Raised by Diversified Trust Co

Diversified Trust Co lifted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 54.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 15,576 shares of the company’s stock after buying an additional 5,523 shares during the quarter. Diversified Trust Co’s holdings in Hilton Worldwide were worth $3,323,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Independence Bank of Kentucky lifted its holdings in Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares during the last quarter. EdgeRock Capital LLC bought a new position in Hilton Worldwide during the fourth quarter worth $25,000. Activest Wealth Management bought a new stake in Hilton Worldwide during the fourth quarter valued at $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $28,000. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Hilton Worldwide in the 1st quarter worth about $34,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HLT shares. Wells Fargo & Company increased their price objective on shares of Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 20th. Truist Financial raised their price target on Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Susquehanna began coverage on Hilton Worldwide in a research note on Friday, June 21st. They set a “neutral” rating and a $215.00 price objective for the company. Bank of America raised their target price on Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $192.00 price objective on shares of Hilton Worldwide in a report on Wednesday, April 24th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $208.00.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $214.23 on Tuesday. The stock has a market cap of $53.57 billion, a PE ratio of 46.57, a price-to-earnings-growth ratio of 1.91 and a beta of 1.31. The business’s fifty day moving average is $205.11 and its 200-day moving average is $199.24. Hilton Worldwide Holdings Inc. has a 1 year low of $142.50 and a 1 year high of $218.82.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the business earned $1.24 earnings per share. Hilton Worldwide’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 17th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Thursday, May 16th. Hilton Worldwide’s payout ratio is 13.04%.

Insider Buying and Selling at Hilton Worldwide

In related news, Director Melanie Healey bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the acquisition, the director now directly owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is owned by corporate insiders.

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.