Red Door Wealth Management LLC Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Red Door Wealth Management LLC acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,497 shares of the company’s stock, valued at approximately $233,000.

Other institutional investors also recently added to or reduced their stakes in the company. Worldquant Millennium Advisors LLC acquired a new position in Hilton Worldwide during the third quarter worth $1,423,000. LPL Financial LLC raised its stake in Hilton Worldwide by 21.8% during the third quarter. LPL Financial LLC now owns 54,951 shares of the company’s stock worth $7,260,000 after acquiring an additional 9,844 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Hilton Worldwide by 2.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 50,915 shares of the company’s stock worth $7,891,000 after acquiring an additional 1,336 shares in the last quarter. M&T Bank Corp raised its stake in Hilton Worldwide by 0.7% during the fourth quarter. M&T Bank Corp now owns 12,405 shares of the company’s stock worth $1,936,000 after acquiring an additional 81 shares in the last quarter. Finally, Huntington National Bank raised its stake in Hilton Worldwide by 664.8% during the fourth quarter. Huntington National Bank now owns 171,461 shares of the company’s stock worth $26,746,000 after acquiring an additional 149,043 shares in the last quarter. Hedge funds and other institutional investors own 97.94% of the company’s stock.

NYSE:HLT opened at $142.25 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $114.70 and a 1 year high of $167.99. The stock has a 50-day moving average price of $146.78 and a two-hundred day moving average price of $146.32. The stock has a market cap of $39.59 billion, a price-to-earnings ratio of 54.92 and a beta of 1.16.

Hilton Worldwide (NYSE:HLTGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.75 billion. Hilton Worldwide had a negative return on equity of 76.75% and a net margin of 11.00%. Hilton Worldwide’s quarterly revenue was up 96.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.02 EPS. As a group, equities analysts expect that Hilton Worldwide Holdings Inc. will post 3.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, May 27th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Thursday, May 26th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 23.17%.

In related news, Director Douglas M. Steenland purchased 1,967 shares of Hilton Worldwide stock in a transaction dated Tuesday, May 24th. The stock was bought at an average price of $127.69 per share, for a total transaction of $251,166.23. Following the completion of the acquisition, the director now directly owns 24,053 shares of the company’s stock, valued at $3,071,327.57. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Raymond E. Mabus purchased 700 shares of Hilton Worldwide stock in a transaction dated Friday, March 11th. The stock was bought at an average price of $144.70 per share, with a total value of $101,290.00. The disclosure for this purchase can be found here. Insiders sold 12,657 shares of company stock valued at $1,812,760 in the last quarter. Corporate insiders own 2.40% of the company’s stock.

A number of analysts have recently weighed in on the company. Jefferies Financial Group raised their target price on Hilton Worldwide from $169.00 to $179.00 and gave the company a “buy” rating in a research note on Thursday, February 17th. Truist Financial raised their target price on Hilton Worldwide from $139.00 to $152.00 and gave the company a “hold” rating in a research note on Thursday, February 17th. Raymond James raised their target price on Hilton Worldwide from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, February 18th. Morgan Stanley raised their target price on Hilton Worldwide from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Thursday, February 17th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Hilton Worldwide from $136.00 to $141.00 in a research note on Wednesday, May 4th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $154.64.

Hilton Worldwide Profile (Get Rating)

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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