Wealth Enhancement Advisory Services LLC Has $1.73 Million Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,085 shares of the company’s stock after buying an additional 207 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Hilton Worldwide were worth $1,725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. EdgeRock Capital LLC bought a new stake in Hilton Worldwide in the fourth quarter valued at about $25,000. Activest Wealth Management bought a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $26,000. Frazier Financial Advisors LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at $28,000. Raleigh Capital Management Inc. grew its position in Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after acquiring an additional 56 shares during the period. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Hilton Worldwide during the fourth quarter worth $37,000. Institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HLT. Deutsche Bank Aktiengesellschaft upped their target price on shares of Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. HSBC raised their price objective on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Mizuho reduced their target price on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Truist Financial raised their price target on Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Finally, Barclays increased their target price on Hilton Worldwide from $216.00 to $219.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Hilton Worldwide currently has a consensus rating of “Hold” and an average price target of $208.00.

Check Out Our Latest Research Report on Hilton Worldwide

Insider Activity 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 shares were purchased at an average price of $199.65 per share, with a total value of $399,300.00. Following the completion of the purchase, the director now owns 14,938 shares in the company, valued at approximately $2,982,371.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.50% of the stock is owned by insiders.

Hilton Worldwide Trading Down 0.8 %

Shares of HLT opened at $214.41 on Friday. The stock has a market cap of $53.61 billion, a P/E ratio of 46.61, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 1 year low of $142.50 and a 1 year high of $218.82. The stock’s 50-day moving average price is $206.58 and its two-hundred day moving average price is $200.25.

Hilton Worldwide (NYSE:HLTGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 earnings per share. As a group, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current year.

Hilton Worldwide Dividend Announcement

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

About Hilton Worldwide

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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