Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Ballast Advisors LLC

Ballast Advisors LLC cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 16.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,466 shares of the company’s stock after selling 289 shares during the quarter. Ballast Advisors LLC’s holdings in Hilton Worldwide were worth $338,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. GHP Investment Advisors Inc. acquired a new position in Hilton Worldwide during the third quarter valued at approximately $25,000. EdgeRock Capital LLC bought a new position in Hilton Worldwide in the second quarter worth $33,000. Manchester Capital Management LLC lifted its position in Hilton Worldwide by 247.8% in the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after purchasing an additional 114 shares during the period. NewSquare Capital LLC bought a new position in Hilton Worldwide in the second quarter worth $37,000. Finally, Family Firm Inc. bought a new position in shares of Hilton Worldwide during the second quarter valued at $38,000. 95.90% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction 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 sale, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value of $3,384,375.61. Following the transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

Hilton Worldwide stock traded up $11.90 during mid-day trading on Wednesday, reaching $247.55. The stock had a trading volume of 271,046 shares, compared to its average volume of 1,549,744. Hilton Worldwide Holdings Inc. has a fifty-two week low of $154.82 and a fifty-two week high of $249.36. The stock’s 50-day simple moving average is $228.38 and its 200-day simple moving average is $216.00. The firm has a market capitalization of $60.35 billion, a PE ratio of 50.57, a price-to-earnings-growth ratio of 2.97 and a beta of 1.30.

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

Hilton Worldwide Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. The Goldman Sachs Group began coverage on Hilton Worldwide in a report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price target for the company. Evercore ISI boosted their target price 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. Melius lowered Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Barclays decreased their price objective on Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Finally, Robert W. Baird boosted their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $228.71.

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.