LPL Financial LLC Has $8.29 Million Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

LPL Financial LLC lifted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 12.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,928 shares of the company’s stock after acquiring an additional 6,317 shares during the quarter. LPL Financial LLC’s holdings in Hilton Worldwide were worth $8,286,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. VitalStone Financial LLC raised its position in Hilton Worldwide by 115.4% during the 1st quarter. VitalStone Financial LLC now owns 224 shares of the company’s stock worth $35,000 after purchasing an additional 120 shares during the last quarter. BOKF NA acquired a new position in shares of Hilton Worldwide in the first quarter worth approximately $34,000. Clear Street Markets LLC bought a new stake in Hilton Worldwide in the fourth quarter valued at approximately $34,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Hilton Worldwide during the 4th quarter worth approximately $45,000. Finally, Arlington Partners LLC acquired a new position in shares of Hilton Worldwide in the 1st quarter worth approximately $56,000. Institutional investors and hedge funds own 94.71% of the company’s stock.

Hilton Worldwide Price Performance

NYSE:HLT opened at $151.53 on Wednesday. The firm has a 50-day moving average of $150.71 and a 200-day moving average of $147.66. The company has a market cap of $38.86 billion, a PE ratio of 30.49, a PEG ratio of 1.53 and a beta of 1.22. Hilton Worldwide Holdings Inc. has a one year low of $123.74 and a one year high of $157.14.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, October 25th. The company reported $1.67 EPS for the quarter, hitting the consensus estimate of $1.67. The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.62 billion. Hilton Worldwide had a net margin of 13.13% and a negative return on equity of 115.21%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.31 earnings per share. On average, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 6.09 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 17th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Thursday, November 16th. Hilton Worldwide’s payout ratio is currently 12.07%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HLT. Robert W. Baird boosted their price target on shares of Hilton Worldwide from $160.00 to $164.00 in a research report on Thursday, July 27th. Morgan Stanley lifted their price objective on Hilton Worldwide from $182.00 to $183.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Sanford C. Bernstein lifted their price objective on Hilton Worldwide from $152.00 to $161.00 and gave the stock a “market perform” rating in a research report on Monday, August 14th. Raymond James lifted their price objective on Hilton Worldwide from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Company raised their price objective on shares of Hilton Worldwide from $151.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Friday, July 21st. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $161.20.

Insider Activity at Hilton Worldwide

In related news, insider Kristin Ann Campbell sold 8,286 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $154.03, for a total transaction of $1,276,292.58. Following the transaction, the insider now directly owns 230,097 shares of the company’s stock, valued at $35,441,840.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by 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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.