Cromwell Holdings LLC Increases Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Cromwell Holdings LLC increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 12.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 719 shares of the company’s stock after purchasing an additional 77 shares during the quarter. Cromwell Holdings LLC’s holdings in Hilton Worldwide were worth $166,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC purchased a new position in shares of Hilton Worldwide in the 1st quarter worth approximately $257,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Hilton Worldwide by 2.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,085 shares of the company’s stock worth $1,725,000 after purchasing an additional 207 shares in the last quarter. Independence Bank of Kentucky boosted its position in shares of 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 in the last quarter. First Bank & Trust purchased a new position in Hilton Worldwide during the 1st quarter worth $645,000. Finally, Diversified Trust Co increased its position in Hilton Worldwide by 54.9% during the 1st quarter. Diversified Trust Co now owns 15,576 shares of the company’s stock valued at $3,323,000 after buying an additional 5,523 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Trading Up 0.4 %

Shares of HLT stock opened at $236.11 on Friday. Hilton Worldwide Holdings Inc. has a twelve month low of $148.25 and a twelve month high of $240.00. The company’s 50-day moving average price is $225.01 and its 200-day moving average price is $214.09. The stock has a market cap of $58.18 billion, a price-to-earnings ratio of 50.02, a PEG ratio of 2.64 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the company posted $1.67 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.03 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s payout ratio is 12.71%.

Insider Buying and Selling at Hilton Worldwide

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

Analyst Ratings Changes

HLT has been the topic of a number of research analyst reports. Melius lowered Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Truist Financial lifted their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Finally, Mizuho lifted their price objective on Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $223.21.

About Hilton Worldwide

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.