Ballentine Partners LLC Sells 50 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Ballentine Partners LLC trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,022 shares of the company’s stock after selling 50 shares during the quarter. Ballentine Partners LLC’s holdings in Hilton Worldwide were worth $1,158,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Independence Bank of Kentucky increased its holdings in shares of Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 50 shares during the last quarter. EdgeRock Capital LLC acquired a new position in Hilton Worldwide during the second quarter valued at approximately $33,000. Manchester Capital Management LLC raised its position in shares of Hilton Worldwide by 247.8% in the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after purchasing an additional 114 shares during the period. NewSquare Capital LLC acquired a new stake in shares of Hilton Worldwide in the second quarter worth $37,000. Finally, Family Firm Inc. bought a new stake in shares of Hilton Worldwide during the 2nd quarter worth $38,000. 95.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HLT shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Macquarie boosted their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Evercore ISI lifted their price target on Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Robert W. Baird increased their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, TD Cowen dropped their target price on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Hilton Worldwide has an average rating of “Hold” and a consensus target price of $225.44.

Insiders Place Their Bets

In related news, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value of $3,384,375.61. Following the completion of the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,382,423.09. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the completion of the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the transaction, the insider now owns 15,949 shares in the company, valued at $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $236.11 on Friday. The stock has a market capitalization of $58.18 billion, a price-to-earnings ratio of 50.02, a price-to-earnings-growth ratio of 2.64 and a beta of 1.31. The business’s fifty day moving average price is $225.48 and its two-hundred day moving average price is $214.26. Hilton Worldwide Holdings Inc. has a fifty-two week low of $148.25 and a fifty-two week high of $240.00.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.07. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $1.67 EPS. Research analysts expect that Hilton Worldwide Holdings Inc. will post 7.03 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be given a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.25%. Hilton Worldwide’s payout ratio is 12.71%.

Hilton Worldwide Company 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.