Lake Street Advisors Group LLC Increases Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Lake Street Advisors Group LLC boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,537 shares of the company’s stock after purchasing an additional 56 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Hilton Worldwide were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd bought a new position in shares of Hilton Worldwide during the 1st quarter worth $2,792,000. AIA Group Ltd raised its holdings in shares of Hilton Worldwide by 43.4% in the 1st quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after purchasing an additional 4,265 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Hilton Worldwide by 3.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock worth $29,375,000 after purchasing an additional 4,677 shares during the period. PGGM Investments boosted its stake in shares of Hilton Worldwide by 337.6% during the second quarter. PGGM Investments now owns 14,378 shares of the company’s stock valued at $3,137,000 after purchasing an additional 11,092 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Hilton Worldwide by 25.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock valued at $13,219,000 after buying an additional 12,740 shares during the period. 95.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HLT has been the subject of a number of analyst reports. Mizuho upped their target price on Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday. Bank of America raised their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Robert W. Baird increased their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday. Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Barclays decreased their target price on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Hold” and a consensus target price of $225.44.

Insider Activity at Hilton Worldwide

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

Hilton Worldwide Stock Performance

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

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $1.67 earnings per share. Hilton Worldwide’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.03 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 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 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.