Hilton Worldwide Holdings Inc. $HLT Stock Holdings Raised by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 22.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,235 shares of the company’s stock after acquiring an additional 1,682 shares during the period. Kestra Advisory Services LLC’s holdings in Hilton Worldwide were worth $2,938,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in HLT. Empowered Funds LLC purchased a new stake in shares of Hilton Worldwide during the second quarter valued at $10,140,000. Jefferies Financial Group Inc. purchased a new position in Hilton Worldwide in the 2nd quarter worth about $1,909,000. Northwestern Mutual Wealth Management Co. raised its position in Hilton Worldwide by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 200,598 shares of the company’s stock worth $66,290,000 after buying an additional 4,700 shares during the last quarter. Nykredit A S bought a new position in Hilton Worldwide during the 2nd quarter valued at about $41,279,000. Finally, Bank of America Corp DE bought a new position in Hilton Worldwide during the 2nd quarter valued at about $1,733,669,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HLT has been the subject of a number of research analyst reports. Susquehanna lifted their price target on shares of Hilton Worldwide from $345.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 28th. Morgan Stanley reissued an “overweight” rating on shares of Hilton Worldwide in a report on Monday, November 9th. Barclays lowered their price objective on shares of Hilton Worldwide from $384.00 to $375.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. TD Cowen upgraded shares of Hilton Worldwide to a “strong-buy” rating in a report on Tuesday, September 8th. Finally, Argus set a $410.00 target price on shares of Hilton Worldwide and gave the stock a “buy” rating in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and an average target price of $365.08.

Hilton Worldwide Stock Up 0.1%

Shares of Hilton Worldwide stock traded up $0.36 during trading hours on Friday, reaching $373.09. 1,487,726 shares of the stock traded hands, compared to its average volume of 1,902,524. The company has a 50 day moving average price of $335.02 and a 200 day moving average price of $324.48. The firm has a market capitalization of $83.01 billion, a price-to-earnings ratio of 50.42, a P/E/G ratio of 2.95 and a beta of 1.08. Hilton Worldwide Holdings Inc. has a one year low of $263.95 and a one year high of $381.34.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Tuesday, October 27th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.37 by $0.08. Hilton Worldwide had a net margin of 13.40% and a negative return on equity of 33.78%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the firm earned $2.11 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 9.17 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 1st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, December 1st. Hilton Worldwide’s payout ratio is 8.11%.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, Director Chris Carr sold 439 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $310.34, for a total transaction of $136,239.26. Following the completion of the sale, the director directly owned 8,252 shares of the company’s stock, valued at approximately $2,560,925.68. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Silcock sold 15,638 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $370.17, for a total transaction of $5,788,718.46. Following the completion of the transaction, the insider owned 88,257 shares in the company, valued at $32,670,093.69. The trade was a 15.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 174,416 shares of company stock valued at $61,985,662 in the last ninety days. Corporate insiders own 2.70% of the company’s stock.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc. is a global hospitality company that develops, manages, franchises and licenses hotels and resorts. Its portfolio serves a range of travelers, from luxury and leisure guests to business travelers and extended-stay customers. Hilton also operates a vacation ownership business through Hilton Grand Vacations under a long-term brand and licensing relationship. The company’s brands include Waldorf Astoria, Conrad, Hilton Hotels & Resorts, DoubleTree, Embassy Suites, Hilton Garden Inn, Hampton, Homewood Suites and Hilton Honors, its guest loyalty program.