Souders Financial Advisors Lowers Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Souders Financial Advisors cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 94.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,111 shares of the company’s stock after selling 17,684 shares during the quarter. Souders Financial Advisors’ holdings in Hilton Worldwide were worth $256,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in Hilton Worldwide by 20.7% in the first quarter. Empowered Funds LLC now owns 3,358 shares of the company’s stock valued at $716,000 after acquiring an additional 577 shares in the last quarter. US Bancorp DE increased its position in Hilton Worldwide by 31.4% during the 1st quarter. US Bancorp DE now owns 19,157 shares of the company’s stock valued at $4,086,000 after buying an additional 4,575 shares in the last quarter. HBK Sorce Advisory LLC purchased a new stake in Hilton Worldwide in the first quarter valued at about $512,000. Banco Santander S.A. boosted its holdings in Hilton Worldwide by 3.1% in the first quarter. Banco Santander S.A. now owns 2,410 shares of the company’s stock worth $514,000 after acquiring an additional 73 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. grew its stake in shares of Hilton Worldwide by 40.9% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 2,175 shares of the company’s stock worth $464,000 after acquiring an additional 631 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the transaction, the insider now owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the sale, the insider now owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Trading Up 0.8 %

NYSE HLT opened at $252.65 on Thursday. Hilton Worldwide Holdings Inc. has a twelve month low of $164.25 and a twelve month high of $254.06. The stock has a 50-day moving average of $231.41 and a 200 day moving average of $217.68. The stock has a market capitalization of $61.59 billion, a price-to-earnings ratio of 54.22, a PEG ratio of 3.15 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 EPS. Equities analysts predict that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is presently 12.88%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HLT. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Evercore ISI lifted their price target on Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. TD Cowen reduced their price objective on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group began coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price on the stock. Finally, Macquarie increased their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $228.71.

Hilton Worldwide Company 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.