Commerce Bank Sells 3,981 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Commerce Bank trimmed its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,481 shares of the company’s stock after selling 3,981 shares during the quarter. Commerce Bank’s holdings in Hilton Worldwide were worth $9,556,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HLT. NBC Securities Inc. bought a new position in Hilton Worldwide during the 3rd quarter valued at approximately $53,000. Assenagon Asset Management S.A. raised its holdings in shares of Hilton Worldwide by 1,185.9% during the third quarter. Assenagon Asset Management S.A. now owns 140,668 shares of the company’s stock valued at $21,126,000 after acquiring an additional 129,729 shares in the last quarter. AdvisorShares Investments LLC lifted its stake in Hilton Worldwide by 201.6% in the third quarter. AdvisorShares Investments LLC now owns 4,141 shares of the company’s stock worth $622,000 after acquiring an additional 2,768 shares during the period. Schechter Investment Advisors LLC boosted its holdings in Hilton Worldwide by 7.5% in the third quarter. Schechter Investment Advisors LLC now owns 1,945 shares of the company’s stock valued at $292,000 after acquiring an additional 135 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in Hilton Worldwide by 57.4% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,838 shares of the company’s stock worth $276,000 after purchasing an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 1.6 %

Shares of NYSE HLT traded up $3.21 during trading on Friday, reaching $203.24. 1,429,944 shares of the company traded hands, compared to its average volume of 1,631,429. The firm has a 50 day simple moving average of $205.33 and a 200-day simple moving average of $191.86. Hilton Worldwide Holdings Inc. has a 52-week low of $134.43 and a 52-week high of $215.79. The stock has a market capitalization of $50.82 billion, a PE ratio of 44.18, a P/E/G ratio of 1.75 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the business earned $1.24 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.09 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.30%. Hilton Worldwide’s payout ratio is presently 13.04%.

Analysts Set New Price Targets

HLT has been the topic of several research analyst reports. Truist Financial boosted their price target on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Wells Fargo & Company raised their target price on Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft increased their price objective on Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. HSBC upped their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Finally, Macquarie reissued a “neutral” rating and set a $192.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, April 24th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $207.59.

About Hilton Worldwide

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.