1,654 Hilton Worldwide Holdings Inc. $HLT Shares Bought by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 55,133.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,657 shares of the company’s stock after acquiring an additional 1,654 shares during the period. Provenance Wealth Advisors LLC’s holdings in Hilton Worldwide were worth $527,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in HLT. Integrity Alliance LLC. raised its position in Hilton Worldwide by 39.2% in the third quarter. Integrity Alliance LLC. now owns 1,487 shares of the company’s stock worth $473,000 after purchasing an additional 419 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Hilton Worldwide by 3.7% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 569,430 shares of the company’s stock valued at $181,777,000 after purchasing an additional 20,466 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Hilton Worldwide during the third quarter valued at approximately $23,072,000. Profund Advisors LLC boosted its holdings in Hilton Worldwide by 1.2% during the third 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. Finally, Vise Technologies Inc. grew its stake in shares of Hilton Worldwide by 18.7% in the 3rd quarter. Vise Technologies Inc. now owns 7,386 shares of the company’s stock valued at $2,350,000 after purchasing an additional 1,165 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hilton Worldwide

In related news, Director Chris Carr sold 439 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $310.34, for a total transaction of $136,239.26. Following the completion of the sale, the director directly owned 8,252 shares of the company’s stock, valued at $2,560,925.68. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kevin Jacobs sold 151,050 shares of Hilton Worldwide stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $356.19, for a total value of $53,802,499.50. Following the completion of the transaction, the insider owned 293,758 shares of the company’s stock, valued at approximately $104,633,662.02. The trade was a 33.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 158,778 shares of company stock valued at $56,196,944 in the last three months. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HLT shares. The Goldman Sachs Group reissued a “buy” rating and issued a $390.00 target price on shares of Hilton Worldwide in a report on Wednesday, October 28th. Susquehanna boosted their price target on Hilton Worldwide from $345.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. Freedom Broker assumed coverage on Hilton Worldwide in a research report on Wednesday, October 14th. They issued a “buy” rating and a $359.00 price target on the stock. TD Cowen upgraded Hilton Worldwide to a “strong-buy” rating in a research note on Tuesday, September 8th. Finally, Wells Fargo & Company increased their price objective on Hilton Worldwide from $383.00 to $386.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $365.08.

Hilton Worldwide Stock Down 1.8%

NYSE:HLT opened at $369.64 on Friday. The firm has a market cap of $82.24 billion, a PE ratio of 49.95, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08. Hilton Worldwide Holdings Inc. has a 12 month low of $263.66 and a 12 month high of $381.34. The company’s 50-day moving average price is $328.13 and its two-hundred day moving average price is $322.12.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the business posted $2.11 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. On average, research analysts expect that Hilton Worldwide Holdings Inc. will post 9.17 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

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.