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

Marcum Wealth LLC acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 880 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds also recently modified their holdings of HLT. Independence Bank of Kentucky lifted 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 acquiring an additional 50 shares during the period. Raleigh Capital Management Inc. lifted its position in shares of Hilton Worldwide by 48.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after buying an additional 56 shares during the period. EdgeRock Capital LLC bought a new position in shares of Hilton Worldwide during the 2nd quarter worth approximately $33,000. Pinnacle Bancorp Inc. bought a new position in shares of Hilton Worldwide during the 1st quarter worth approximately $34,000. Finally, Manchester Capital Management LLC lifted its position in shares of Hilton Worldwide by 247.8% during the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after buying an additional 114 shares during the period. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

Shares of NYSE HLT opened at $238.13 on Friday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $146.36 and a fifty-two week high of $239.25. The firm has a market capitalization of $58.68 billion, a P/E ratio of 50.45, a P/E/G ratio of 2.60 and a beta of 1.31. The company’s 50 day simple moving average is $218.74 and its 200 day simple moving average is $212.34.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. Hilton Worldwide’s payout ratio is currently 12.71%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HLT. Macquarie raised their target price on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Susquehanna began coverage on Hilton Worldwide in a research report on Friday, June 21st. They set a “neutral” rating and a $215.00 target price for the company. Barclays dropped their price target on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Robert W. Baird dropped their price target on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Bank of America raised their price target on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $213.95.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is currently owned by company insiders.

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.