Western Wealth Management LLC Has $371,000 Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Western Wealth Management LLC boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,700 shares of the company’s stock after acquiring an additional 112 shares during the quarter. Western Wealth Management LLC’s holdings in Hilton Worldwide were worth $371,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Chase Investment Counsel Corp bought a new position in shares of Hilton Worldwide during the fourth quarter valued at $2,480,000. Quadrature Capital Ltd bought a new stake in Hilton Worldwide during the 1st quarter worth approximately $2,792,000. AIA Group Ltd raised its holdings in Hilton Worldwide by 43.4% during the 1st quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock worth $3,008,000 after buying an additional 4,265 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Hilton Worldwide by 3.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock valued at $29,375,000 after buying an additional 4,677 shares during the period. Finally, Syon Capital LLC bought a new stake in shares of Hilton Worldwide during the fourth quarter worth $447,000. Institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Mizuho lowered their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Susquehanna assumed coverage on shares of Hilton Worldwide in a research note on Friday, June 21st. They issued a “neutral” rating and a $215.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective 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. Macquarie boosted their price target on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $212.22.

Hilton Worldwide Stock Performance

Shares of NYSE HLT traded up $0.98 during trading hours on Monday, hitting $213.44. The company’s stock had a trading volume of 189,127 shares, compared to its average volume of 1,598,975. The business has a 50-day simple moving average of $213.79 and a 200-day simple moving average of $206.76. Hilton Worldwide Holdings Inc. has a 12 month low of $146.00 and a 12 month high of $229.03. The stock has a market cap of $53.37 billion, a price-to-earnings ratio of 46.19, a P/E/G ratio of 1.84 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. During the same period in the previous year, the firm posted $1.63 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Hilton Worldwide’s payout ratio is 13.04%.

Insider Buying and Selling at Hilton Worldwide

In related news, Director Melanie Healey purchased 2,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of $199.65 per share, with a total value of $399,300.00. Following the completion of the acquisition, the director now owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is owned by corporate insiders.

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.