Hilton Worldwide Holdings Inc. $HLT Stock Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC reduced its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 51.6% in the 3rd quarter, Holdings Channel reports. The fund owned 1,511 shares of the company’s stock after selling 1,612 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Hilton Worldwide were worth $481,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HLT. Profund Advisors LLC lifted its holdings in shares of Hilton Worldwide by 1.2% during the 3rd quarter. Profund Advisors LLC now owns 3,058 shares of the company’s stock valued at $973,000 after purchasing an additional 35 shares in the last quarter. Range Advisory LLC grew its position in shares of Hilton Worldwide by 4.5% in the 2nd quarter. Range Advisory LLC now owns 860 shares of the company’s stock valued at $284,000 after purchasing an additional 37 shares during the period. Nilsine Partners LLC increased its stake in Hilton Worldwide by 2.2% during the 2nd quarter. Nilsine Partners LLC now owns 1,776 shares of the company’s stock worth $587,000 after purchasing an additional 38 shares in the last quarter. North Star Investment Management Corp. increased its stake in Hilton Worldwide by 29.7% during the 3rd quarter. North Star Investment Management Corp. now owns 166 shares of the company’s stock worth $53,000 after purchasing an additional 38 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its holdings in Hilton Worldwide by 1.1% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 3,560 shares of the company’s stock worth $1,176,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling

In other news, insider Laura Fuentes sold 7,289 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $309.81, for a total value of $2,258,205.09. Following the completion of the sale, the insider owned 33,458 shares of the company’s stock, valued at approximately $10,365,622.98. The trade was a 17.89% 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. Also, Director Chris Carr sold 439 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $310.34, for a total transaction of $136,239.26. Following the completion of the transaction, the director owned 8,252 shares in the company, valued at $2,560,925.68. This trade represents a 5.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 158,778 shares of company stock valued at $56,196,944. Insiders own 2.70% of the company’s stock.

Hilton Worldwide Stock Performance

HLT opened at $376.50 on Thursday. The business’s 50-day simple moving average is $327.39 and its 200 day simple moving average is $321.77. Hilton Worldwide Holdings Inc. has a 52-week low of $257.04 and a 52-week high of $377.76. The firm has a market capitalization of $83.77 billion, a PE ratio of 50.88, a PEG ratio of 2.85 and a beta of 1.08.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Hilton Worldwide had a net margin of 13.40% and a negative return on equity of 33.78%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the firm earned $2.11 EPS. Hilton Worldwide’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, research analysts forecast that Hilton Worldwide Holdings Inc. will post 9.17 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, December 1st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.11%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HLT. JPMorgan Chase & Co. lifted their price target on shares of Hilton Worldwide from $365.00 to $387.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. The Goldman Sachs Group reissued a “buy” rating and set a $390.00 price objective on shares of Hilton Worldwide in a research report on Wednesday, October 28th. Argus set a $410.00 price objective on shares of Hilton Worldwide and gave the stock a “buy” rating in a research report on Friday, October 30th. Citigroup raised their price objective on shares of Hilton Worldwide from $335.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Wolfe Research assumed coverage on shares of Hilton Worldwide in a research report on Wednesday, September 2nd. They issued a “peer perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.08.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.