Connectus Wealth LLC Lowers Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Connectus Wealth LLC decreased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) by 94.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,878 shares of the company’s stock after selling 33,192 shares during the quarter. Connectus Wealth LLC’s holdings in Hilton Worldwide were worth $285,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HLT. Covestor Ltd purchased a new position in Hilton Worldwide during the fourth quarter valued at $25,000. Mystic Asset Management Inc. purchased a new position in shares of Hilton Worldwide in the fourth quarter worth $26,000. Riverview Trust Co purchased a new position in shares of Hilton Worldwide in the first quarter worth $34,000. EverSource Wealth Advisors LLC purchased a new position in shares of Hilton Worldwide in the fourth quarter worth $36,000. Finally, Larson Financial Group LLC raised its stake in shares of Hilton Worldwide by 52.8% in the fourth quarter. Larson Financial Group LLC now owns 243 shares of the company’s stock worth $38,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 97.94% of the company’s stock.

Insider Transactions at Hilton Worldwide

In other news, insider Matthew W. Schuyler sold 3,000 shares of the company’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $134.03, for a total value of $402,090.00. Following the completion of the transaction, the insider now owns 259,714 shares of the company’s stock, valued at $34,809,467.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Douglas M. Steenland bought 1,967 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The shares were bought at an average cost of $127.69 per share, for a total transaction of $251,166.23. Following the completion of the transaction, the director now owns 24,053 shares of the company’s stock, valued at $3,071,327.57. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew W. Schuyler sold 3,000 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $134.03, for a total value of $402,090.00. Following the completion of the sale, the insider now owns 259,714 shares in the company, valued at $34,809,467.42. The disclosure for this sale can be found here. Insiders sold a total of 9,000 shares of company stock valued at $1,126,020 over the last 90 days. Company insiders own 2.40% of the company’s stock.

Hilton Worldwide Stock Down 0.6 %

NYSE HLT opened at $130.32 on Friday. The firm has a market cap of $35.75 billion, a price-to-earnings ratio of 37.77, a price-to-earnings-growth ratio of 0.59 and a beta of 1.26. The business has a 50-day moving average price of $122.83 and a 200-day moving average price of $138.20. Hilton Worldwide Holdings Inc. has a twelve month low of $108.41 and a twelve month high of $167.99.

Hilton Worldwide (NYSE:HLTGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.24. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.10 billion. Hilton Worldwide had a negative return on equity of 114.54% and a net margin of 12.83%. The business’s quarterly revenue was up 68.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 earnings per share. Research analysts expect that Hilton Worldwide Holdings Inc. will post 4.36 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Thursday, August 25th. Hilton Worldwide’s dividend payout ratio (DPR) is 17.39%.

Analysts Set New Price Targets

HLT has been the subject of several recent analyst reports. UBS Group boosted their price target on Hilton Worldwide from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays began coverage on Hilton Worldwide in a research note on Tuesday, June 28th. They issued an “equal weight” rating and a $125.00 price target for the company. Cowen cut their price objective on Hilton Worldwide to $130.00 in a report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on Hilton Worldwide from $141.00 to $120.00 in a report on Thursday, July 28th. Finally, Evercore ISI raised Hilton Worldwide from an “in-line” rating to an “outperform” rating and cut their price objective for the stock from $155.00 to $150.00 in a report on Monday, July 11th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $151.00.

About Hilton Worldwide

(Get Rating)

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

Further Reading

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

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