180 Wealth Advisors LLC Purchases New Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

180 Wealth Advisors LLC purchased a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,957 shares of the company’s stock, valued at approximately $576,000.

Several other institutional investors also recently bought and sold shares of HLT. Norges Bank acquired a new stake in Hilton Worldwide in the fourth quarter valued at approximately $337,490,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Hilton Worldwide by 36.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,237,885 shares of the company’s stock worth $1,167,300,000 after acquiring an additional 2,480,451 shares during the last quarter. FMR LLC boosted its stake in shares of Hilton Worldwide by 11.7% in the first quarter. FMR LLC now owns 11,526,447 shares of the company’s stock worth $1,623,731,000 after acquiring an additional 1,203,233 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Hilton Worldwide by 157.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,160,238 shares of the company’s stock worth $146,608,000 after acquiring an additional 709,638 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Hilton Worldwide by 54.7% in the first quarter. Royal Bank of Canada now owns 1,840,444 shares of the company’s stock worth $279,270,000 after acquiring an additional 650,540 shares during the last quarter. 94.71% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Trading Down 0.7 %

HLT stock opened at $153.36 on Tuesday. The company has a market capitalization of $40.11 billion, a PE ratio of 32.02, a P/E/G ratio of 1.49 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 12-month low of $116.39 and a 12-month high of $157.14. The business’s fifty day moving average price is $151.61 and its 200 day moving average price is $145.27.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.05. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Hilton Worldwide had a negative return on equity of 128.71% and a net margin of 13.23%. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 EPS. Research analysts predict that Hilton Worldwide Holdings Inc. will post 6.05 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 25th will be issued a $0.15 dividend. The ex-dividend date is Thursday, August 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. Hilton Worldwide’s dividend payout ratio is presently 12.53%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Kristin Ann Campbell sold 8,286 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $154.03, for a total transaction of $1,276,292.58. Following the sale, the insider now owns 230,097 shares in the company, valued at approximately $35,441,840.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HLT. TD Cowen lifted their price target on Hilton Worldwide from $148.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 12th. StockNews.com assumed coverage on Hilton Worldwide in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Sanford C. Bernstein boosted their price objective on Hilton Worldwide from $152.00 to $161.00 and gave the stock a “market perform” rating in a research note on Monday, August 14th. SpectralCast reissued a “maintains” rating on shares of Hilton Worldwide in a research note on Tuesday, June 27th. Finally, Wells Fargo & Company boosted their price objective on Hilton Worldwide from $151.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Friday, July 21st. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $156.29.

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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.