Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Sendero Wealth Management LLC

Sendero Wealth Management LLC lowered its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 79.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,329 shares of the company’s stock after selling 12,625 shares during the quarter. Sendero Wealth Management LLC’s holdings in Hilton Worldwide were worth $710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. EdgeRock Capital LLC purchased a new position in Hilton Worldwide during the 4th quarter worth approximately $25,000. Activest Wealth Management purchased a new stake in Hilton Worldwide in the 4th quarter worth about $26,000. Frazier Financial Advisors LLC purchased a new position in Hilton Worldwide during the 4th quarter valued at about $28,000. Raleigh Capital Management Inc. boosted its holdings in shares of Hilton Worldwide by 48.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after purchasing an additional 56 shares during the period. Finally, Rise Advisors LLC acquired a new position in Hilton Worldwide in the 1st quarter valued at approximately $38,000. Institutional investors own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HLT shares. Susquehanna initiated coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They set a “neutral” rating and a $215.00 price target on the stock. Evercore ISI raised their price target on Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research note on Wednesday, March 20th. BMO Capital Markets increased their price objective on Hilton Worldwide from $203.00 to $215.00 and gave the stock a “market perform” rating in a report on Wednesday, March 20th. Truist Financial lifted their target price on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Finally, Bank of America raised their price target on shares of Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a report on Friday, March 15th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $208.00.

Insiders Place Their Bets

In other news, Director Melanie Healey acquired 2,000 shares of the stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the transaction, the director now owns 14,938 shares in the company, valued at approximately $2,982,371.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Up 1.5 %

Shares of HLT stock traded up $3.13 during trading hours on Friday, reaching $218.20. 3,911,167 shares of the company’s stock were exchanged, compared to its average volume of 1,575,231. The business has a fifty day moving average price of $205.11 and a 200-day moving average price of $198.94. The stock has a market capitalization of $54.56 billion, a P/E ratio of 47.43, a P/E/G ratio of 1.87 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a fifty-two week low of $140.99 and a fifty-two week high of $218.58.

Hilton Worldwide (NYSE:HLT) last issued its quarterly 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 firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the firm earned $1.24 EPS. The business’s revenue was up 12.2% on a year-over-year basis. As a group, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be issued 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 0.27%. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

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.