Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. grew its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 40.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,175 shares of the company’s stock after acquiring an additional 631 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Hilton Worldwide were worth $464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. acquired a new stake in Hilton Worldwide during the 3rd quarter worth about $211,000. Raymond James Trust N.A. lifted its holdings in shares of Hilton Worldwide by 2.3% during the fourth quarter. Raymond James Trust N.A. now owns 3,165 shares of the company’s stock worth $576,000 after purchasing an additional 71 shares during the period. Everhart Financial Group Inc. boosted its position in Hilton Worldwide by 15.2% in the fourth quarter. Everhart Financial Group Inc. now owns 1,972 shares of the company’s stock valued at $359,000 after buying an additional 260 shares during the last quarter. Premier Path Wealth Partners LLC purchased a new stake in Hilton Worldwide in the fourth quarter valued at approximately $496,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Hilton Worldwide in the fourth quarter valued at approximately $200,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HLT has been the topic of a number of recent research reports. Barclays upped their target price on Hilton Worldwide from $219.00 to $228.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Mizuho dropped their target price on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Finally, HSBC upped their price objective on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $208.89.

Hilton Worldwide Price Performance

NYSE HLT traded up $0.19 during mid-day trading on Friday, hitting $219.19. The stock had a trading volume of 1,594,825 shares, compared to its average volume of 1,556,347. The firm’s 50 day moving average is $210.43 and its 200 day moving average is $203.09. Hilton Worldwide Holdings Inc. has a twelve month low of $146.00 and a twelve month high of $229.03. The stock has a market capitalization of $54.81 billion, a price-to-earnings ratio of 47.65, a PEG ratio of 1.92 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. 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 company earned $1.24 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insiders Place Their Bets

In related news, Director Melanie Healey bought 2,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of $199.65 per share, with a total value of $399,300.00. Following the purchase, the director now directly owns 14,938 shares of the company’s stock, valued at $2,982,371.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide 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.