180 Wealth Advisors LLC Sells 598 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

180 Wealth Advisors LLC lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 16.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,949 shares of the company’s stock after selling 598 shares during the period. 180 Wealth Advisors LLC’s holdings in Hilton Worldwide were worth $640,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. EdgeRock Capital LLC bought a new stake in shares of Hilton Worldwide in the 4th quarter valued at $25,000. Independence Bank of Kentucky boosted its stake in Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 50 shares during the period. Frazier Financial Advisors LLC acquired a new position in Hilton Worldwide in the 4th quarter worth $28,000. Raleigh Capital Management Inc. boosted its stake in Hilton Worldwide by 48.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after purchasing an additional 56 shares during the period. Finally, Pinnacle Bancorp Inc. acquired a new position in Hilton Worldwide in the 1st quarter worth $34,000. Institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HLT. Truist Financial reduced their target price on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Mizuho reduced their price objective on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. 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. Finally, Barclays reduced their price objective on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $212.22.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, Director Melanie Healey bought 2,000 shares of the stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $199.65 per share, with a total value of $399,300.00. Following the completion of the acquisition, the director now owns 14,938 shares of the company’s stock, valued at $2,982,371.70. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

Hilton Worldwide stock traded up $2.80 during trading hours on Thursday, hitting $210.59. The company had a trading volume of 1,951,093 shares, compared to its average volume of 1,601,536. The firm has a market cap of $52.66 billion, a PE ratio of 45.73, a PEG ratio of 1.84 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a one year low of $146.00 and a one year high of $229.03. The firm has a 50-day moving average of $213.40 and a 200 day moving average of $206.40.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the firm earned $1.63 EPS. The business’s revenue was up 10.9% on a year-over-year basis. As a group, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

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.